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Nicus Introduces Modern TBM Vision and Platform, Powered by ServiceNow

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FMDB for Enterprise Architecture

Drive smarter transformation decisions with precise cost insights in ServiceNow® Enterprise Architecture. Maximize investment value and optimize spend.

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Drive Smart Transformation Decisions with Precise TCO Insights

Enterprise architecture teams must balance cost reduction, technical debt, and digital transformation while simultaneously preparing for an AI-powered future. ServiceNow’s Enterprise Architecture Workspace improves visibility, but without accurate technology costs, prioritization and aligning with business priorities is challenging. FMDB for Enterprise Architecture populates precise app TCO data in ServiceNow, enabling teams to streamline application rationalization, eliminate redundancies, optimize resources, and track financial impact.

IT Cost Savings

Optimize Application Costs
 

Get the financial insights you need to inform application rationalization decisions and drive costs out of the business. FMDB for Enterprise Architecture provides total cost of ownership for business applications so you can make the right prioritization decisions.

  • Track complete application TCO including software, hardware, cloud and labor costs
  • Get to value quicker with an out-of-the-box cost allocation model
  • Optimize your current and future technology estate
  • Understand the cost benefits of managing legacy assets out of the business
  • Communicate the full value of the team’s work to your organization
IT Roadmap

Align Tech Roadmap with Strategic Priorities

Organizations want to see that the technology investments align with the business priorities and the language of business is dollars. Fully cost future transformation initiatives and track over time to show not just build costs, but ongoing run costs.

  • Focus technology investments on what matters most to the business
  • Measure the current and future cost of investments
  • Monitor and analyze the full application TCO by each transformation
  • Understand the true cost of future technology states

Streamline Decision Making and Reduce Risk

Utilize application TCO data to lower risk and make more effective and collaborative technology decisions.

  • Mitigate technology risk through technology portfolio management and risk assessments that include costs
  • Empower functional leaders and streamline decision-making by arming them with precise costs on their business applications
  • Consider the full cost of legacy applications including the costs to keep them running
  • Utilize TCO in technical debt prioritization decisions
  • Fully cost migrating applications to the cloud to increase scalability and business continuity

Blog: 4 Big Reasons Why CIOs Should Care About ITFM

AI Investment

Maximize Value from AI Investments

Spend on AI technology is massive, increasing at a rate of almost twice other technology costs. Governing AI spend it an even bigger challenge than controlling cloud spend has been. With FMDB for Enterprise Architecture, fully cost Agentic AI and GenAI projects with accurate TCO that incorporates software, hardware, cloud costs and labor costs.

  • Ensure AI projects stay within budget and deliver value
  • Prioritize competing AI project budget requests
  • Maximize AI value with cost modeling and budget governance
  • Track AI investment run costs to measure ROI
  • Increase transparency into assets supporting AI initiatives

Benefits

Simplify

Faster decision-making through data-driven insights and unified and defensible financial information

Transform

Manage the total cost of transformation initiatives and align investments with strategic priorities

Optimize

Improve cost efficiency by identifying redundancies, rationalization and proving the value of the outcomes

How It Works

  1. Import technology costs from the general ledger
  2. Incorporate cloud utilization, CMDB data and labor costs
  3. Validate and map data
  4. Allocate costs to business applications
  5. Push financial insights to ServiceNow’s Enterprise Architecture workflow for real-time decisions

Nicus is very responsive to our needs and is always looking for new ways to collaborate in meeting and exceeding our business challenges

Dan Strang, American Family Insurance

Features

  • Automates TCO calculations for applications
  • Delivers insights to the Enterprise Architecture Workspace
  • Integrates with Application Rationalization dashboard
  • Adds a dedicated TCO dashboard to Enterprise Architecture
  • Identifies underutilized server elimination opportunities
  • Calculates full cloud migration costs
  • Allocates expenses by application disposition
  • Provides out-of-the-box cost allocation model
  • Maps cost data using similarity scores
  • Imports finance-approved general ledger (GL) costs
  • Tracks application cost trends over time
  • Offers drill-down visibility into application costs
  • Refreshes all or selected cost allocation drivers
  • Uses CMDB data to inform cost allocations

See how FMDB for Enterprise Architecture can help align IT with business goals

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Further Resources

Datasheets
FMDB for Enterprise Architecture
FMDB for Enterprise Architecture

Drive Smarter Transformation Decisions in ServiceNow Download the full Nicus FMDB for Enterprise Architecture Datasheet.

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Blogs
4 Places Where TCO Is Essential to IT Decision-Making
4 Places Where TCO Is Essential to IT Decision-Making

Making decisions based on incomplete information can lead to unintended consequences. It’s a particular problem in IT decision-making, where companies often make decisions that […]

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Blogs
Why IT Financial Management and ServiceNow Are Better Together
Why IT Financial Management and ServiceNow Are Better Together

ServiceNow is at the forefront of digital transformation, with a staggering 85% of Fortune 500 companies using the platform to manage IT operations. But […]

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FAQs

Can I use the standard ServiceNow labor rate and task cards with FMDB for ITAM?

Yes. Labor rate and task cards in ServiceNow can help you track the time worked on a specific task. However, many organizations do not use the ServiceNow rate and task cards. To ensure that internal and external labor costs are part of the asset TCO calculations, FMDB for EA provides a way for you to input labor costs as part of the initial configuration.

How does FMDB integrate with ServiceNow ITAM?

FMDB is natively built on the ServiceNow platform, meaning it integrates seamlessly with existing ITAM workflows, CMDB, and financial systems . The solution creates a number of data tables in ServiceNow to hold and process the financial data and once the asset allocations have been processed, it pushes the asset costs directly into the core ServiceNow tables for consumption within ServiceNow applications, workflows and dashboards.