IT Executives are faced with a multitude of daily challenges. Business demands continue to rise as well as the pressure to keep costs down and achieve acceptable ROI on technology investments. If you don't have insight into the cost of IT services and the effects of business consumption on your budget, then you'll be relegated to reacting to requests in a tactical and spontaneous manner. To drive real value, taking a more strategic approach is crucial. By managing the financials of IT, you'll gain visibility into the unit costs of the services you deliver, the ability to model fully loaded costs (both infrastructure and application development) and the capability to quickly perform "what if", forecasting and budgeting scenarios.
How Can ComSci Help
ComSci has a comprehensive solution that can help you proactively manage the Business of IT. Our IT Financial and Business Management™ (ITFBM) Solution will provide you with evidence of:
- The cost drivers associated with the IT Services you deliver to the Business Unit Managers;
- The Demand from business unit managers and the impact such demand has on your overall IT Financial
ComSci's IT Financial and Business Management™ Solution provides the increased IT Transparency needed to understand and shape demand, ensuring a positive ROI for all IT investments.
ComSci's IT Financial and Business Management™ Solution focuses on promoting a better understanding of the costs of provisioning services to business units, as follows:
IT Service and Product Costing - provides visibility into cost drivers and enables you to model functional IT organizational costs into effective IT cost pools. ComSci's modeling capability provides clients with insights into activity-based costs, IT product costs and the cost of the products and solutions that IT "sells" to the business, providing the ability to develop and manage unit costs for all services supported and delivered by IT.
Consumption and Demand Management - Why sell it if you can't invoice it? ComSci's scalable production process and Bill of IT with Line Item Details web-based reporting module give business-unit management information that provides a clear picture of their cost and consumption of IT products and Services.
Budgeting, Forecasting and What If Analysis - provides an efficient and effective means to budget and forecast IT products and services integrated with business unit consumption budgets and forecasts.
Benchmarking - provides IT executives with the information to benchmark the unit cost of IT Products and Services to both industry peers as well as emerging technologies (e.g., Cloud Computing, Virtualization, etc.)
ComSci's IT Financial and Business Management™ Solution builds and strengthens the partnership between the CIO and the business-unit managers. It provides effective costing disciplines and cost visibility, which are critical requirements for aligning business and technology and maintaining effective IT financial governance. IT executives and business unit managers can forecast their needs more accurately; track and manage consumption more effectively; and make better ROI-driven decisions. Consequently, they often change their focus from the tactical: "Why is IT so expensive?" to the strategic: "What technology do we need over the next 12 to 24 months to maintain our competitive edge?"