IT Financial Management
Align IT spending with business objectives and achieve greater financial visibility.
What is IT Financial Management (ITFM)?
IT financial management (ITFM) is a framework that consists of the processes and tools necessary to provide IT leaders with the key capabilities to effectively account for, manage, and analyze IT costs and communicate their value to the business. ITFM enables IT leaders to understand their IT costs and align their investments with business priorities to maximize value. ITFM involves analyzing, planning, and controlling the costs associated with IT operations, projects, and services, and ensuring that IT spending is transparent, accountable, and optimized for efficiency.
Effective ITFM involves establishing financial governance, creating and maintaining a comprehensive IT budget, tracking expenses, and performing cost-benefit analyses of IT investments. By implementing ITFM practices, organizations can gain greater visibility into their IT spending and make more informed decisions regarding budget allocation and investment. This can lead to cost savings, better business outcomes, and improved IT performance, while also promoting transparency and accountability across the organization.
ITFM's Value for Stakeholders
Proper implementation of the ITFM process will help multiple groups across the organization drive better decisions and collaboration around IT spend.
Analyze and plan IT spend faster with insights and action plans that surface optimization opportunities and drive spend accountability.
Reduce risk to the business and ensure the highest return on investment from your technology spend.
Demonstrate IT financial stewardship to the business by driving a continuous spend optimization process.
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ITFM Success Stories with Apptio
Increased Forecasting Accuracy While Reducing IT Planning Cycles by 85%
How TBM & Product TCO Helped Lowe’s Modernize their Annual Investment Planning Process
Reduced IT Cost and Complexity Through Application Portfolio Management
Apptio IT Financial Management Products
Analyze, Optimize & Plan IT Spend
ApptioOne creates a unified model that combines financial and operational data to reveal insights in minutes. It accelerates planning cycles to quickly assess performance and redirect resources to opportunities with the highest return.
ApptioOne Plus unlocks the resources to accelerate business strategies by streamlining applications and operations and accelerating planning cycles. It deepens business unit partnerships with a collaborative approach to investments based on cost transparency.
ApptioOne Demand enables enterprises to accurately capture aggregated service demand in order to right-size resource planning and maximize investments. By delivering precise unit rate analysis in a simple and clear format, ApptioOne Demand increases predictability while improving organization agility.
ApptioOne Billing enables comprehensive service invoicing through common ERP solutions to better recover costs, understand service value, and strengthen consumer-provider relationships across an organization.
ApptioOne Benchmarking provides self-service peer comparisons of your IT spend over time, enabling an ongoing process for tracking performance, validating decisions, and identifying areas for improvement.
Optimize Cloud & Hybrid Infrastructure
Cloudability ingests, normalizes, and structures cloud billing and usage data from across your public cloud ecosystem so that you can actively manage spend and consumption to continuously improve the unit economics of cloud service.
Cloudability Shift helps you analyze, plan, and track migrations to the public cloud. It connects on-prem costs and commitments to forecasted cloud costs and compares plans across major cloud providers – enabling your team to define the target end state that best suits your business objectives and build a defensible migration plan.
Cloudability SaaS employs direct API and single sign-on integrations to automatically extract license, financial, and contract details. It enables cloud professionals to make informed SaaS optimization, contract management, and cost efficiency decisions while minimizing the impact on business performance.
Maximize Agile Investment Planning
Apptio Targetprocess is an enterprise agile management solution that ingests and structures activity data from PPM and ALM tools with portfolio financial data to inform investment decisions, optimize resources, and track value. Built to align development work with business goals and objectives, Apptio Targetprocess enables portfolio leaders to accurately plan, track, and forecast investments for agile or hybrid delivery.