20 Most Promising IT Financial Management Solution Providers - 2017
As IT is transforming into the business technology, the organizations are having the same level of expectation from it as they do with any other business operations. They want to measure, improvise, and document IT performance with respect to the investments made. However, an enterprise-wide financial management system lacks the capabilities necessary for management of IT costs at a granular level. In such a scenario, IT financial management (ITFM) software augments an organization’s accounting systems by improving IT cost accountabilities, monitoring IT spending and by gathering information from numerous sources, it assists in IT decision-making throughout the business units.
ITFM software integrates disparate IT financial management processes offering the organizations a full-scale visibility into operations of both physical and virtual IT assets. With automation and activity-based costing model, the organizations can map resources as well as external and indirect costs with regard to IT. Also, with the data available from ITFM practice, information on performance and progress can be easily collected and analyzed. Accessing such accurate data enables the organizations to build a roadmap forecasting actionable insights for optimum performance.
In addition to its wide range of proficiencies, ITFM software is available both for on-premise deployment and cloud service. However, adoption of cloud accompanies notable transformation in the systems, processes, and operations of the business, as no investment is required in hardware, software or physical infrastructure.
In essence, ITFM is all about making IT leaders speak the language of business—finance. Therefore, it is imperative that organizations choose the suitable ITFM software provider who can understand the dynamics of the business. Keeping that in mind, CIOReview has charted out top 20 companies offering tailor-made and efficient ITFM solutions. The companies featured here offer powerful solutions coupled with innovative strategies that can help your business succeed.
We present to you “20 Most Promising IT Financial Management Solution Providers - 2017.”