IT financial management must improve

KP-One allows you to reduce, in a sustainable manner, your digital cost to its real usage ratio and to align your technology investments with business strategic needs.

Digital is now a switch for growth: all businesses are going digital

Information systems were used to the company's business processess

Larger requirements on IT cost and IT cost transparency are now mandatory for the enterprise to remain competitive.

IT expense structure is becoming more and more complex (Cloud, IoT, Security, Big Data…), supply and outsourcing options are increasing. In the same time, a growing proportion of technology investments are directly acquired and operated by business units increasing the risk for shadow IT.

Whereas initiatives to setup an IT cost control organization, its role remains focused on budgeting and traditional supply processes that support IT operations.

Nevertheless, contributing to enterprise operations beyond "technical services" requires a deep understanding of what makes it successful and how priorities are managed to achieve business objectives.

Strategic approach for IT financial governance and operation management

Build a shared vision of IT costs and their value

Some IT departments are developing initiatives for an advanced service management: ITIL best practice, service monitoring and configuration management tools. Nevertheless, these approaches are limited to IT department internal success, but enterprise IT services offering is still lacking commercial perspective and business dimension.

A new approach is mandatory:

A new strategic approach must combine IT financial and IT operations management since IT organizations are moving towards a service centric management. Whilst assets and services lifecycle cost and related management complexity are strongly increasing, this strategic approach must efficiently encompass investment planning, risk, supplier and contract management as well as staff management to support final services delivered to business.

CIOs are now implementing dedicated IT financial management tools that help them with becoming knowledgeable decision makers and trusted business partners within the enterprise

IT Business and Financial Management (ITBM-ITFM) software platforms have been designed to help enterprise with integrating IT department operational view with corporate Financial department financial data to finally improve IT cost and IT investment management and align them with business objectives.

Existing practice related to IT investment management, risk management and cost transparency has proved inefficient so far.