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Technology Cost Management
Business Challenge
Today's economic climate is characterized by the world's enterprises' return to a profitability focus. Most organizations are faced with the pressures of rising costs, scarce skilled resources, decreased revenues and profits, and increased competition. Small, medium and enterprise organizations are finding it increasingly difficult to manage the complexity of their Information Technology (IT) infrastructures. The emergence of corporate IT governance brings an increased focus on financial management within IT organizations, with a particular emphasis on asset management and tracking. Many of the irregularities discovered in some of the world's largest and most successful corporations resulted from a lack of knowledge about the financial and physical details of the IT infrastructure.
The cost problems hindering enterprises stem, for the most part, from inadequate asset management practices and financial control of the planning, acquisition, implementation, and disposal of IT assets. Technology Cost Management addresses both those problems.
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A significant number of small, medium and enterprise organizations fail to gain control of their IT portfolios, according to Meta Group:
• 89% of companies are flying blind, with virtually no metrics in place except for finance.
• 84% of companies do not use business cases for key projects.
• 84% of companies are unable to adjust and align their budgets with business needs more than once or twice a year.
Source: "The Business of I.T. Portfolio Management: Balancing Risk, Innovation and ROI", Meta Group, January 2002 |
Technology Cost Management merges traditional IT asset management and financial control. Using a series of well-defined processes and deployment methodologies, supported by powerful multi-faceted software tools, Technology Cost Management allows maximum control over IT infrastructure management.
Technology Cost Management allows you to:
• Gain a precise understanding of all costs structures within the IT portfolio. This includes servers, storage, desktops, networks, printers, software, software development, facilities, electrical power, climate control, contracting and staffing.
• Determine the detailed make-up of the IT infrastructure's physical asset inventory.
• Create an intelligent repository (database) of all costs, assets, facilities, staff, and organizational grouping, to allow detailed financial and architectural modeling.
• Implement formal processes for the continued collection, validation, and modeling of data, related to meeting financial and operational goals.
OnX Enterprise Solutions is proud to provide small, medium and enterprise organizations with advanced Technology Cost Management solutions. Utilizing a powerful suite of comprehensive software applications, OnX consultants follow a strict, well-defined methodology to ensure that accurate asset and financial data is captured in the TCM data repository. This approach enables organizations to implement successful TCM solutions to reduce costs in their infrastructures, produce up-to-date and accurate asset registers for compliance and IT Governance, rapidly perform financial modeling for budgeting, strategic planning and investment decision making, and generally have greater financial control of their IT infrastructures and organization.
To arrange for a demonstration of the TCM software or speak with our TCM account team, contact 1-866-700-4OnX
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