A lighthouse customer tells all: How to gain transparency into IT spend and show the value of IT

By Ken Cheney, Director of Products, HP Software


For many companies, the recent recession was the perfect opportunity to take the time and effort to discover just where the IT budget is being spent. Implementing processes and procedures to help make IT operations more transparent -- and show the value of IT at the same time -- is essential for long-term operational excellence. It's all about transforming IT into a performance-based, metrics-driven organization.


Last June HP Software & Solutions announced a new solution designed to do just that:  help CIOS better understand their IT spend, improve decision-making, operate more efficiently, and better align IT with the business.   The HP Financial Planning and Analysis (FP&A) solution enables chief information officers (CIOs) to run IT like a business and demonstrate the business value of IT services. The solution brings together software and services to provide improved visibility, governance, accountability and predictability to IT finance. It is one of a number of solutions that are part of HP's IT Financial Management (ITFM) Portfolio.


Since HP FP&A and ITFM are fairly new, it's always interesting to see how our customers are  progressing with both implementing the cost-management solution and how well the solution is helping with the overall goal of renovating IT financial management. 


A recent Networld World article provided insight on customer John Hancock Financial Services. The article highlights how John Hancock leverages HP ITFM to focus their attention on IT cost management.  It explains why the company decided to purchase HP ITFM, the steps the company is taking to implement, and their progress to date in renovating IT financial management at the firm by 2011.  I think it's worth the read.  Let me know what you think.


 

Comments
(anon) | ‎02-22-2010 12:43 PM

This post was mentioned on Twitter by HPSoftware: HP PPM ITFM Blog: new post on how ITFM customer shows value of IT by gaining transparency into IT spend http://ow.ly/16o4j

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