World's Premiere Banking Company Selects ComSci
ComSci Provides IT Financial Governance for Major Metropolitan Bank
Download this press release in PDF format
Edison, NJ, October 16, 2007 - One of the world's premiere banking companies, headquartered in New York, has recently selected ComSci to provide a Technology Chargeback and IT Financial Governance Solution. Seeking a cost-effective way to enhance transparency of IT costs, the bank chose ComSci, with its proven track record of making visible and reducing corporate IT expenditures, to implement a full range of Technology Chargeback products and services. ComSci's Technology Financial Management™ (TFM) solutions simplify and organize IT expenses, giving clients easily identifiable methods to reduce IT costs and increase efficiency and productivity within IT and the workplace. The company offers a broad range of comprehensive Technology Financial Management™ services and products while simultaneously targeting specific problem areas to provide tailored and immediate solutions.
As the demand for IT Financial Governance increases in the corporate world, ComSci continually meets and exceeds this demand on an individual, client-focused basis. In ComSci's newest engagement, they will be responsible for the Chargeback of over $450 million dollars annually in technology products and services for the bank.
The bank will be utilizing the full IT Financial Governance and Technology Chargeback solution from ComSci in an effort to improve their IT expense reporting flexibility and transparency. Among the services ComSci will chargeback for the bank are mainframe, distributed services, desktop support services, telecommunications and software application development, all through the exciting new tool, BillBrowser™. ComSci's BillBrowser™ application allows business unit managers within the client's company to clearly view all IT costs on one integrated reporting tool, accessed through the internet. BillBrowser™ collects and aggregates all telecommunications expenses and IT consumption data; its user-friendly format and clearly defined cost delineation will allow business unit managers, IT managers, individual users and senior executives to better understand and manage the consumption of IT resources and expenses.
ComSci's consultative approach towards Technology Chargeback will provide the bank with the support they need in developing processes and methodologies to implement a technology chargeback solution. Whether developing an IT Product and Service Catalog, Chargeback methodologies or "Best Practices", ComSci will assist the bank in all aspects of Chargeback. "We have become an extension of the Bank's IT Finance organization, and as their unique chargeback needs mature we will adapt and modify our solution to meet those requirements." said Robert Bracco, ComSci's Vice President of Client Services.
About ComSciComSci delivers Technology Financial Management™ solutions that empower organizations to implement more effective IT financial governance. Through decades of experience and a suite of web-based tools, ComSci helps IT organizations enhance technology transparency and visibility, which in turn enables business units to understand and optimize demand and utilization of technology resources. ComSci is headquartered in Edison, New Jersey, and was founded in 1971.