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Automating Cost Transparency
Despite IT becoming one of the largest Budget line items in companies today, many IT organizations do not have the capacity to clearly and easily articulate where that spend is going, how it correlates to the services they are delivering or what value the business is realizing form the services. In order to stay competitive, businesses are seeking ways to optimize and align future IT investment decisions with the strategic direction of the company.
For these reasons, cost transparency is crucial – and even more successful if you are able to achieve that transparency in an automated fashion.
This informative paper introduces a software-as-a-service (SaaS) tool that makes automating cost transparency possible. Read on to discover how such a tool will enable you to:
- Facilitate collaboration between IT and finance to increase visibility of costs, utilization and operations of all IT services
- Leverage a deep understanding of what drives IT costs and performance to improve scenario planning capabilities and make better IT decisions
- And attain IT cost and consumption data in the form of a “Bill of IT” to more effectively communicate the value of IT to the business