Leading Provider of Technology Business Management (TBM) SaaS Applications Builds on IT’s Standard Model to Meet the Needs of IT Leaders
Bellevue, Wash. – October 22, 2014 – Apptio®, the leading provider of cloud-based Technology Business Management (TBM) software, today introduced a new version of Apptio Cost Transparency (CT) for Applications and Services® that automates application total cost of ownership (TCO) to accelerate investment and rationalization decisions. New capabilities are designed to meet needs outlined by more than 200 IT leaders during a recent series of TBM industry and functional Workgroups hosted by the TBM Council™.
Apptio Cost Transparency is powered by the Apptio TBM Unified Model™ (ATUM™), a standardized combination of data and cost models. Building upon the foundational capabilities delivered to customers in the last release of Apptio Cost Transparency ATUM now extends from IT cost pools and resource towers to the application level. Apptio now delivers a comprehensive monthly analysis of application cost trends and drivers so IT leaders can accelerate decisions on application rationalization, investment, and cloud migration. With CT’s enhanced application TCO analysis, users are able to a quickly and easily manage the financial impact of events like mergers and acquisitions, data center change, shared serviced migration and outsourcing.
The TBM Council is the organization of choice for modern IT leaders to influence new IT management standards, collaborate with peers, and redefine the value of technology in business. The Council recently joined with KPMG and ISG to host seven TBM Workgroups chaired by forward-thinking CIOs to collaborate on business management strategies, financial best practices, and industry-specific benchmarks.
A key conclusion shared by attendees of these workgroups was that understanding the factors that drive application costs is time consuming and challenging. Without this information, IT leaders encounter overconsumption of infrastructure, difficulty consolidating their application portfolios, and the inability to report and show the value of their costs to the business.
Apptio Cost Transparency for Applications and Services
Following today’s introduction, Apptio Cost Transparency users now have access to interactive guidance on the data needed to power relevant analysis, good/better/best cost modeling options, and categorizations to slice and dice application costs by business criticality, investment objective, family, function, type, and more. Additionally, Apptio CT now includes tens of thousands of configurable out-of-the-box KPI’s to analyze granular cost and resource metrics for each application.
These enhanced business analytics allow users to:
- Automate a monthly “buy-build-run” cost breakdown for each application in their portfolio to maximize alignment to business objectives.
- Drive understanding and action with interactive, granular views into the composition and drivers of application cost. TCO is achieved through a comprehensive cost view including software licenses, development projects, support, infrastructure and operations.
- Automate monthly analysis of the total cost to buy, build, and run each resource-intensive application with a total view of software, project, asset, and labor costs.
“It’s our goal to design and develop elegant, powerful, and effective applications for our customers that ultimately make their job easier,” said Ted Kummert, EVP of Engineering at Apptio “Cost Transparency arms IT leaders to solve one of the key challenges facing them today. We believe that the capabilities included within this release are essential to IT leaders looking to understand the impact of their applications on IT costs.”
Apptio will be showcasing these new capabilities at the second-annual TBM Conference in Miami on Oct. 27-30. Attendees, including many TBM Workgroup participants, will have the opportunity to meet with their counterparts to discuss C-suite alignment and transformational strategies in IT shared by leaders from Global 2000 companies.
For more information or to register for the TBM Conference, please visit http://tbmconference.org/.
Apptio is the leading provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT. Apptio’s suite of applications use business analytics to provide facts and insights about technology cost, value, and quality, so IT leaders can make faster, data-driven decisions. The purpose-built applications help companies align technology spend to business outcomes and automate IT processes like cost transparency, benchmarking, showback/chargeback, operational efficiency, and planning. Powering Apptio’s applications is a next generation, in-memory cost analytics platform that takes data directly from all financial, operational, and billing systems, and powers applications that give customers deep insight. This insight spans infrastructure, applications, and business services, both on-premises and in the cloud. Hundreds of customers, including more than a third of the Fortune 100, choose Apptio as their business system of record for IT. Apptio is sold through its direct salesforce and its partner network. For more information, visit the Apptio website or the Apptio blog at www.apptio.com.