ComSci Included in New Report by Independent Research Firm
for Real World Benefits of IT Financial Management Solutions
-Report Highlights the Value of Starting Clients on a Journey through Which Organizations Achieve Greater Insight and Control - Moving to Cost Efficiency, Cost Optimization, and Value Demonstration-
ISELIN, N.J. (July 12, 2012) - ComSci, the award-winning technology financial management solutions company, announced today that the company's IT Financial Management solutions have been recognized in a June 2012 report from Forrester Research, Inc. aimed at helping infrastructure and operations (I&O) leaders better understand and communicate the business impact of service management and automation. The report highlights the benefits ComSci brought to a global publisher, where the headline business impact was that the publisher reduced IT costs by 5% per annum ($25M).
The report, written by Forrester Research senior analyst Stephen Mann and titled "Sustain Service Management and Automation Funding," details the advantages of combining service management and automation and how tools for IT management can benefit the entire company. As organizations are already asking their IT departments why IT costs so much and why they seem unable to demonstrate business value, IT Financial Management has the potential to add value in most organizations.
ComSci was noted for its Technology Financial Management solution, which allows users to aggregate all technology expenses, utilization and performance measures into a single management view. Additionally, ComSci's solution was recognized for how it automates the production and delivery of web-based monthly IT invoices to IT customers and provides business managers with the ability to accurately budget, forecast and affect future technology investments.
IT Finance Management is one of the up-and-coming processes that ensure that I&O [the IT services delivery team] provides effective, business-focused stewardship of corporate resources in its delivery of customer-driven IT services.
"There is a growing need among organizations to understand how they can optimize demand and utilization of their technology resources through more effective IT financial governance and reporting process automation," said Jeff Yoder, vice president of Strategic Partnerships and Global Marketing Strategies for ComSci. "We feel that the report from Forrester Research draws attention to the many ways that ComSci's industry-leading automated IT financial management solutions contribute to better and more cost-effective IT management and enhance technology cost visibility for IT Infrastructure & Operations teams, and across the entire corporate environment."
"While saving IT costs is an obvious benefit, IT financial management is not just about cost cutting. In fact, it is more about starting on a journey through which the I&O organization achieves greater insight and control - moving to cost efficiency, then cost optimization, and then finally value demonstration," writes Mann. In another section of the report, Mann writes that, "Automation tools will be leveraged to accelerate process execution, enforce that execution, and allow for rapid adaptation as needs change."
ComSci delivers Technology Financial and Business Management solutions and capabilities that empower organizations to implement more effective IT financial management processes and governance. Through decades of experience, strict adherence to ITIL technology financial management process guidelines and its suite of Web 2.0 IT finance and business solutions, ComSci helps IT organizations optimize technology costs by enhancing fact-based transparency and visibility, which in turn enables IT and business management to understand demand, utilization and value of its corporate technology resources. ComSci is headquartered in Iselin, New Jersey. ComSci has a growing number of clients for which it provides IT Financial Management capabilities including The McGraw-Hill Companies, The Bank of New York Mellon, Whirlpool, NYU Medical Center, 1-800-FLOWERS.COM, SAP AG, Memorial Sloan-Kettering Cancer Center, AECOM, and UBS Investment Bank. Visit www.comsci.com for further information.
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