The most trusted tool in any finance professional’s toolkit is Excel. IT Finance practitioners have been managing IT financials in spreadsheets for years – and many still do so today. It’s flexible, familiar, and works well for handling small to medium amounts of data. However, as businesses grow, so does IT. And as IT spend grows, so do the complexities of budgeting, forecasting, service costing, and understanding, managing, and optimizing spend.
A former study conducted by Duke University and CFO magazine found that today’s top executives identified the difficulty of forecasting results as a major internal concern – a concern shared by leaders and managers alike. The issue for IT finance is then, how to identify the most appropriate, cost-effective resource to address the issue of visibility and forecasting, and how to use that resource to enact positive, measurable change. "The challenges faced by IT financial management are not due to poor methodology, but instead hindered by ineffective, inefficient, and outdated tools."Download now
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. With the right planning and roadmap, your ITFM deployment will not only succeed – it will flourish. This eBook provides a roadmap to leading a successful ITFM implementation.Download now