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What Are 5 Benefits of Implementing ITFM Software?

What Are 5 Benefits of Implementing
ITFM Software?

April 14, 2020 Steven Middeldorp

IT Financial Management software systems help IT professionals make informed decisions about their investments and strategies. ClearCost IT Financial Management software enables the seamless management of IT to spend by automating and expanding analysis, planning, and forecasting of your IT costs, fuelling innovation, smarter spending, and eliminating padding.

When you embrace the benefits of an integrated IT Financial Management strategy, these five areas of your business will dramatically improve:

1. Translate Your IT Spend Into a Language Everyone Understands

Your ClearCost ITFM software can help translate you’re IT spend in business terms. Management and Technology executives often speak two different languages, and so much gets lost in translation. When the CFO and the CIO have an open and understandable dialogue, the entire business benefits. For more insight on how a proper ITFM strategy improves communication between departments, please enjoy this blog on the ITFM language.

2. Use Only The Technology You Need, Eliminate Outdated Contracts

Your world-class ClearCost ITFM solution means you will only use only the technology you need. Your IT team can eliminate any outdated contracts that no longer help your bottom line. They can easily pinpoint exactly which systems and services are driving revenue for your business, and identify areas for cost optimization.

3. All IT Assets Accounted For

With ClearCost ITFM software you can rest assured that all of your assets are accounted for, and you will be able to track that you are making the most of your IT investments. Once you have a reliable, automated system in place, this invaluable data will always be at your fingertips. You won’t have to worry about delving into spreadsheets or consulting multiple sources for a simple inquiry – it will all be there at your fingertips.

4. Innovate for Business Growth

You can invest more time implementing innovations, not managing your day-to-day costs. Wouldn’t you rather devote time and energy to creating new, exciting solutions that help your business evolve? When you have ClearCost Intelligent ITFM software, your IT team will save several hours every day and that adds up.

5. Return On Your IT Investments Soars

Each and every one of these outcomes hinges upon one another, and they inevitably lead to the ultimate goal – driving revenue. By optimising costs, increasing efficiency, and establishing open communication, return on your IT investments will soar.

 

These five business benefits all have the same core driving force – accountability. With ClearCost IFTM Software, hold your IT department accountable, and you’ll be amazed by what you can accomplish.

Still, have questions about the benefits of ClearCost IT Financial Management software? Please speak to our team to see a live demo.

CategoriesBlog

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

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