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Need for Speed – How ITFM Tools Save Time

Need for Speed - How ITFM
Tools Save Time

  April 7, 2020      Steven Middeldorp

IT Financial Management software equips technology executives with the data they need to make informed business decisions faster and with more clarity than ever before. With the data from such software, IT professionals can articulate their investments in terms of business outcomes and they are able to take on more strategic roles in the enterprise. The role of the CIO, in particular, has changed dramatically in the past year alone, and Gartner expects the role to transform even further in the future.

In a recent post, Gartner highlights that IT is often considered too late in the strategy process. Rather than developing an IT solution in response to a finalised business strategy, the CIO should be involved in the enterprise from the very beginning.

The reality is that many CIO’s are so focused on day-to-day operations within IT that they don’t have time to sit down at their own desk, much less pull up a chair at the strategy table. In order to become more involved in the enterprise, CIOs need to maximise their greatest investment, their time, hence the need for speed.

According to Gartner, CIO’s at top-performing organisations “spend an average of four additional days per month on executive leadership” compared to three years ago.

Given the demand for CIO’s to innovate and spearhead digital transformation efforts, four days hardly is simply not going to be enough. So how does your CIO get those extra four days, when they never seem to have enough hours in a single day? How can your CIO be truly equipped to bridge the gap between IT and the enterprise with service-based data?

Easy – give them the fastest need for speed automated IT Financial Management software system from ClearCost.

ClearCost IT Financial Management software eliminates the need for your CIO to refer to multiple spreadsheets for budgeting and forecasting. With a SaaS model, tech executives can access their financial analytics from any device and gain immediate insight into their technical investments. With ITFM software, your CIO can efficiently identify areas for saving and manage their budget in real-time.

The SaaS approach is far more efficient and cost-effective than other ITFM software solutions on the market today. Traditional ITFM software solutions rely on months of extended meetings and consulting hours that add up quickly in terms of time and expenses – this is too slow and time-consuming. Many IT departments simply don’t have the resources to dedicate to this implementation process even if they do see the long-term benefits of ITFM. The ClearCost SaaS model of ITFM software can be up and running in a matter of days after a short onboarding process. In fact, ClearCost aims to have a fully operational system optimally operating within 90 days, using our speed based proprietary “Builder” system – you can read more about that here.

With a ClearCost SaaS-based ITFM software solution, your CIO can lead digital transformation initiatives with clear, service-based IT analytics and they can do it at speed. The  CIO can position ITFM at the heart of their strategy and establish open communication with the enterprise executives. They can run intelligent IT like a business. And they can do it – at speed.

To find out more about ClearCost IFTM software, speak to our team today.

CategoriesBlog

TagsIT Financial Management software, ITFM, ITFM software, IT Financial Management tool, CIO, CFO, IT Financial Management, SaaS, Gartner, TBM, Technology Business Management

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  May 12, 2020
  Steven Middeldorp

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  May 5, 2020
  Steven Middeldorp

Here are the Top 10 Best IT Questions to Ask Your CFO

  April 28, 2020
  Steven Middeldorp

What is the Intricate Language of ITFM Software?