Let’s face it. As IT Finance practitioners, we love Excel. It’s flexible, familiar, predictable...it’s what we know. But as IT spend grows, so do the complexities of budgeting, forecasting, service costing...well, everything. And whether we like to admit it or not, our once-loved spreadsheets start to become a complicated relationship that we’ve matured beyond.

True IT financial management is much more than spreadsheets...it’s analysis. You need a tool that can help you drive efficiency, analyze IT finances, and run IT like a business.

Challenges With Excel
How to Overcome with Nicus

Excel is not centralized. Files are shared via email and integrating and tracking multiple versions is burdensome.

Nicus enables controlled input from business partners directly into the model, making it easier to work together.

Complex models in Excel take a long time to open and run.

Nicus is fast – it opens quickly and runs models quickly.

Beyond speed, models in Excel have natural limitations to how complex they can be.

Models in Nicus can be as complex as necessary (though we recommend limiting this).

Although easy to get started in, Excel quickly becomes difficult to maintain and use. Excel is manual, requires tedious manual updating, and is prone to errors.

Nicus automates many tasks, allowing you to avoid tedious updates and manual mistakes in order to focus on the things that matter.

IT Financial Management requires:

  • Collaboration
  • Speed
  • Complexity
  • Ease of use

"Nicus consolidates an extensive amount of Excel and Google spreadsheets into one location. This centralization of data makes it easier to manage large budgets with many service owners and allows financial analysts to work together more closely." - Matthew Campagnoli, Finance Director, Colorado Governor's Office of Information Technology