Elements of Effective IT Planning

An important component of successful IT planning, budgeting and forecasting is the ability to align top-down financial targets with bottom-up plans. Some organizations establish top-down targets and then turn the annual budgeting process, along with a mandate to meet those numbers, over to IT or corporate finance. Other organizations require detailed, bottom-up planning, and then...

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The Grit Factor

As the weather warms up this time of year, I start thinking about dusting off my golf clubs.  I recently thumbed through an old Golf Digest and came across an article called “The Grit Factor:  Getting to the Heart of What Makes Winners vs Losers” by Bob Carney.  The premise of the article is around...

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A season for giving

It seems like the end of another year is cause for reflection.  Many of us are lucky to spend the holidays surrounded by family and friends, enjoying feasts and treats in homes blessed with modern conveniences including heat, lights, and running water.  We often take this for granted. I can’t help but think about people...

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2016 Gartner IT Financial, Procurement & Asset Management Summit

  IT practitioners gathered from around the world in Grapevine, TX on September 18-21, 2016 for three days of IT-related presentations, roundtable discussions, clinics, and workshops.  These sessions were led by various industry authorities including Gartner analysts, industry experts, and senior business leaders.  There was a tremendous amount of experience and knowledge shared during this...

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ITFM Tool Performance

Several of our clients have used ITFM solutions from other vendors before making the switch to Nicus M-PWR.  When one of our clients was testing their new cost model in M-PWR, they were surprised our model only took a couple of minutes to run.  Their previous software package took anywhere from 13-16 hours to run! ...

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Why Details are Important

We recently had a discussion with an IT financial management analyst who asked why an ERP system can’t provide the details needed to effectively manage IT finances. It’s a great question and one we frequently get from prospects. The short answer: traditional financial systems built for accounting are based on principles that deliver acceptable financial statements,...

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