A 35 per cent reduction in time per manager to generate a labour capitalisation report after three years was yielded by global technology services provider Birlasoft.
Achieving IT financial management success is turning out to be a survival imperative for organisations today, given the global economic recession, which has seen too many IT organisations crumble into non-existence as their functions get progressively outsourced. Perhaps, the ITFM portfolio can help some of them make it through these rough times.
HP executives apparently think so. Customers can achieve successful IT financial management with HP's market-leading software products and recognised consulting expertise in business intelligence, service management and IT software implementation, said Anthony McMahon, vice president of HP Software and Solutions, Asia Pacific and Japan. We help CIOs manage the business of IT with the same rigour as any line of business.
Some happy, showcase customers also chimed in about their positive experience with the ITFM portfolio. HP is helping us enhance operational and strategic decision making by identifying ways to drive more value to our business while driving out inefficiencies, said Allan Hackney, CIO, John Hancock Financial Services. Our IT organisation is better able to attract internal capital for investment by managing itself like a business in a transparent, fact-based manner.
With HP IT Financial Management, we're driving the financial accountability of our technology organisation, said Jeffrey Johnson, deputy CIO and vice president of Operations and Infrastructure at Constellation Energy, a US-based supplier of energy products. We've benchmarked our IT spending in relationship to our operational expenses, and it is substantially lower than that of our peers. Our unit costs meaning cost per desktop, per server, per gigabyte of storage have dropped 14 per cent.
New Additions to ITFM
The products launched Tuesday (June 16) were designed to deliver enhanced capabilities for financial governance and greater transparency.
HP FP&A consolidates financial information from project, asset and configuration management systems, as well as enterprise resource planning (ERP) software; by doing so, it provides visibility into the end-to-end costs of each business service. With this visibility, CIOs can work on reducing variances between planned and actual spending, optimising underutilised assets, and allocating IT costs to the consumers of IT services with greater accuracy. It also automates the process of consolidating financial information across labour and technology assets for improved financial analysis.
The newly enhanced version of HP Project Portfolio Management (PPM) Center 8.0 helps customers manage their IT projects and resources more effectively, and thereby deliver improved financial and resource management capabilities.
Alongside these, the following services were announced at HP Software Universe 2009.
Strategy and Advisory Services designed to help synthesise organisational requirements, data, process and technical gaps for the purpose of developing detailed implementation roadmaps.
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