Stop wrangling spreadsheets
IT budgeting solutions rely on linked worksheets. You probably started off with a simple spreadsheet that overtime has adopted complication and multiple points of failure. And that’s assuming that you built the original budgeting solution. If you’ve inherited someone else’s budgeting solution, you are tasked with keeping it current while trying to put yourself in someone else’s head (“Seriously, what were they thinking when they built this?”).
This IT budgeting template breaks out IT categories into their own discrete budgeting entries and automatically rolls up into a summary view of a CCO's budget.
A CCO doesn’t have to spend time wrangling their spreadsheets into a central view—this template does it for them.
Manage headcount, not abstract account numbers.
This template acknowledges that Cost Center Owners aren’t accountants. Homegrown budgeting solutions require CCOs to translate their resource needs into account-level detail. That’s time consuming and ripe for error—with compounded errors rolled-up to the corporate IT budget.
In this IT budgeting template, account-level detail is automatically calculated from headcount numbers. Fully-burdened employee costs (e.g., medical, insurance, bonuses, and legal) vary regionally and are error-prone when done manually. Use this template to tamp down the manual and amp up automation.
CapEx to OpEx
CCOs must build budgets in adherence to the Finance standards of translating CapEx spend into ongoing run costs. Different assets have different schedules, in-service dates aren’t uniform: this IT budgeting template automates depreciation schedule calculations.
This IT budgeting template embraces the fact that contract start dates do not align to the start of the financial year. CCOs needs their budgeting solution to capture rolling start dates for their contract portfolio—and automate the distribution of spend through the year.