Financial Management

"Providing insight, control and accountability for the cost of IT services"

Implementing Financial Management processes and procedures creates a model where the costs of IT services are charged to individual departments across the business.

Financial Management enables IT to demonstrate how much the provision of services actually costs in real terms. Cost identification can take place without actual implementation of a departmental cross-charging model to provide awareness of the possible costs that would be incurred from each action, though equally, many organisations do progress to a cross-charging environment over time. This provides an insight into real costs that usually proves surprising to users - so much so that a 10 per cent reduction in requests for new services is generally the minimum that can be expected.