Budgeting is painful for all lines of business, but IT Finance has it tougher than most. They must translate line items from the general ledger into IT-relevant categories while driving stakeholder engagement and making sure the budget is accurate and on time. An inefficient budgeting process also leaves IT Finance exposed to risks and surprises, such as when contracts or subscriptions from prior years unknowingly impact the current year’s plan.
The real problem is that current tools can’t give IT Finance what they need to be effective to develop an accurate, timely budget that delivers the value to the business throughout the year.
To solve this, download the executive brief to learn the six essential elements for IT budgeting.