Key #6 to a Winning ITFM Implementation- The Right ITFM Solution and Partner

From steering committees and goal alignment to avoiding common pitfalls and “precision traps”, there are many steps to a successful ITFM implementation. The steps outlined in this eBook are key to a prosperous ITFM program no matter which ITFM tool you select. Best practices like those shared within this eBook should be a value you...

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Key #5 to a Winning ITFM Implementation: Balance of Precision & Simplicity

An ITFM implementation can have its challenges, for example: accepting your data is “good enough” to get started and other obstacles including “precision traps.” Many ITFM implementations are plagued with these efforts to achieve an attractive, but unnecessarily high degree of precision, which adds difficulty to the project without significant value. The litmus test for...

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Key #2 to ITFM Implementation Success: Strategic and Tactical Alignment

Successful ITFM implementation requires resources, communication, organization, and strategic and tactical alignment. In the last blog, we discussed the importance of creating a cross-functional steering committee as the first step toward success. Once the committee has been formed with pivotal executive sponsors and stakeholders, the next step is strategic and tactical alignment. Ensure Strategic and...

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Key #1 to ITFM Implementation Success: Steering Committee

IT Financial Management (ITFM) has become one of the most important initiatives for any organization. When IT can improve service while lowering costs, everyone benefits. Unfortunately, this is not always the result with ITFM implementation. Bad implementations happen. In fact, according to Gartner Inc., “Through 2021, 30% of ITFM tool implementations will fail to provide...

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7 Steps to Great ITFM Data

About a month ago, I attended a phenomenal IT Financial Management (ITFM) Week in Chicago. The weather was perfect, the presenters were excellent, and Chicago’s hospitality never disappoints. One presentation that stood out was by David DuBois from BJ’s Wholesale Club. His main point was that while there is a lot of value to be...

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FASB Excitement in the Air

When I think about exciting things happening in 2018, I think Winter Olympics in South Korea, the forthcoming nuptials between Prince Harry and Meghan Markle, and maybe the release of the movie “The Black Panther”.  However, the FASB has some exciting things for us too this year!  If you attended the Nicus Software 2-day IT...

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What’s The Value?

Much like patrons of Super Bowl LII will react to prices at the concession stand, most of us frequently look at our monthly, household bills and think, “Why am I paying so much for that?”  When we receive our credit card statements or utilities and cell phone bills, we expect them be accurate, understandable, and...

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