Creating Technology Financial Accountability
IT financial transparency delivers three strategic sets of insight that drive reduced spending:
- IT financial transparency helps business users understand the cost of IT products and services and enables strategic spending decisions.
- CFOs gain greater transparency and detailed insight into IT costs, revealing the true cost of spend at the business unit, department and even individual level.
- CIOs need insight into unit costs to better define and understand IT service delivery and its costs.
Without a line of sight into each corporate entity's own consumption and the true cost of IT products and services provided to them, the IT team and business management cannot make informed technology decisions or effectively change consumption behavior.