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Nicus Blog

Stay ahead in TBM and IT financial management with expert insights from Nicus. Explore best practices, industry trends, and strategies to optimize IT spend and align tech investments with business strategy.

Tag: TCO

Beyond Tracking: ITAM’s Strategic Future

IT asset management isn’t just about tracking assets anymore. It’s undergoing a strategic shift to become a core driver of cost optimization, operational efficiency […]

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 […]

What You’re Not Seeing: Why Accurate TCO Data in ServiceNow ITAM Matters

If you were about to make a decision with a potential $10 million impact, would it give you pause to learn your numbers might […]

4 Big Reasons Why CIOs Should Care About ITFM

Former GM chairman Roger Smith once famously said, “If I had all the money I spent on IT back, I could have bought Toyota […]

ITFM vs. FinOps Part 3: Challenges and Use Cases in Bringing FinOps and ITFM Together

In this third installment on FinOps and IT financial management (ITFM), we dig deeper into the process of integrating these complementary practices and what […]

5 Tangible Cost Model Use Cases & Business Outcomes

You already know that cost modeling gives you transparency behind service costs. But what can you use that transparency to accomplish? Well, the answer […]

How to Write Airtight Service Definitions for Your Cost Model

The first step in every new cost modeling project is to create a catalog of clearly defined IT services. Your service definitions are crucial […]

3 Key Capabilities Every Service Cost Model Should Include

If you’ve made the decision or have been tasked with building a cost model, it’s likely your organization and its stakeholders seek a deeper […]

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How to Defend and Socialize Your New IT Cost Model

As IT Finance practitioners and practice leads, we can all agree that cost modeling (aka service costing) is the key to truly evaluating costs […]

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