Empowering organizations to quantify technology investments and optimize costs

Roanoke, VA — Jan 28, 2025 — 

Empowering organizations to quantify technology investments and optimize costs.

Nicus Software, Inc. (Nicus), a leading provider of enterprise IT Financial Management solutions, has announced Financial Management Database (FMDB™) for ServiceNow®, a product designed to centralize financial data and enhance technology costing on the ServiceNow platform. FMDB delivers a single source of truth for finance-approved and validated financial data in ServiceNow. Unlike other IT Financial Management solutions, FMDB can be implemented in days to drive rapid value within ServiceNow workflows.

“With FMDB, ServiceNow customers can quantify the value of technology investments, including AI, and make smarter decisions on cost reduction and optimization,” says Nicus CEO, John Clark. “Organizations are making significant investments in ServiceNow as the operating system of IT and beyond. FMDB is bringing value to customers by providing critical financial data such as unit cost and Total Cost of Ownership (TCO), not previously available.”

“FMDB complements the strength of the ServiceNow Platform by providing centralized, defensible financial data,” says Janie Longfellow, Nicus Chief Product Officer. “Together this integration transforms data into accurate, actionable insights within the ServiceNow workflows customers rely on every day.”

With FMDB, ServiceNow customers can benefit from:

  • Improved Decision Making: Access to high-value financial data helps customers identify where to invest, cut spending, and optimize costs.
  • Accelerated Time to Value: Critical financial data enhancing value for all stakeholders.
  • IT and Finance Alignment: Finance and IT agree on the numbers through CFO-approved financial data.

Beyond the foundational Nicus FMDB product that manages the centralized financial data, Nicus is developing workflow-specific FMDB applications for ServiceNow that layer on top of Nicus FMDB. Each FMDB application is built to provide enterprises with unparalleled cost visibility, helping organizatons optimize their technology investments. The first of these, FMDB for IT Asset Management (ITAM) is available now. See today’s corresponding announcement for details.

Learn more about Nicus FMDB for ServiceNow and upcoming products at www.nicus.com/fmdb.

Media Contact:
Gavin Drake

About Nicus
Nicus delivers clarity, control, and confidence in every technology investment, helping leaders maximize the value of technology spend across the enterprise. Our IT Financial Management (ITFM) and Modern Technology Business Management (Modern TBM) solutions are delivered natively on the ServiceNow platform, enabling organizations to transform complexity into actionable insight. Trusted by Fortune 2000 companies, Nicus empowers IT, finance, and business leaders to make smarter decisions, optimize spend, and drive better business outcomes. Learn more at www.nicus.com.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Nicus, the Nicus logo, FMDB, and other Nicus marks are trademarks and/or registered trademarks of Nicus Software, Inc. in the United States and/or other countries.