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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.

Using AI for IT Cost Optimization

Taking 5% out of an IT budget sounds straightforward enough. The difficulty starts when someone asks which 5%. Imagine five IT teams, each responsible for different services, applications and business outcomes. They combine their budgets into one large pool, and leadership subsequently asks for a 5% reduction. It's easy enough to calculate the amount, but without the underlying detail, nobody can say which spending should be reduced, what services might be affected or whether the organization will actually save the [...]

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Why IT Financial Management (ITFM) 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 […]

ITFM Glossary

If you’re an IT expert needing to learn about finance—or vice versa—this ITFM glossary of terms used in IT financial management can help you […]

Technical Debt and the Case for ITFM

Technology has become a primary driver of business competition today, but as companies pursue digital strategies, many are struggling under a significant and often […]

5 Personalities Who Can Sink Your ITFM Program or Help it Soar

Every ITFM program has two core requirements for success: effective tactical execution and strong stakeholder buy-in. Which one is more important? The answer isn’t […]

Don’t Miss 2-Day IT Finance Boot Camp

A Strategic Investment for Every IT Finance Professional and Organization In the fast-paced world of IT Financial Management (ITFM), staying ahead of the curve […]

Florida Blue’s Transparency Shift with Nicus: From financial reporting to true IT management

Background With 92 cost centers allocating dollars with no correlation, visibility into IT spend was nonexistent for Blue Cross and Blue Shield of Florida, […]

State of Arizona Reinvests $16.6 Million Running Government at the Speed of Business

Background Governor Doug Ducey has a clear vision for Arizona. He wants it to be the number one place to live, work, play, recreate, […]

ITFM & TBM Program Maturity: Technology and Data

This blog is the third in a series of posts regarding ITFM & TBM Program Maturity. Get the full guide. Maturity Factor #3: Technology […]

IT Financials in an Agile and Product-centric World

IT Financials in an Agile and Product-centric World

This post is an excerpt from a whitepaper, authored by Nicus Chief Product Officer Amit Kumar, titled “IT Financials in an Agile and Product-centric […]