• HDI Houston: Financial Management for the Business Focused IT Executive Read More...
  • DFW HDI Meeting: Guest Speaker Charles Williams May Chapter Meeting: Financial Management for IT Services May 19th @ 1:30 pm – 4:15 pm This session discusses how IT Financial Management (ITFM) guidance and methods apply to an ITSM strategy to better align the IT organization to meet the needs of the business. The speaker provides a prescriptive approach of how TCO (Total Cost of Ownership), ...
  • IT Service Costing, “A Proven Approach to Measure the Cost and Value of IT” Webinar Recording   CIO Knowledge Byte   This webinar will show you practical methods and concepts to accurately measure and manage the cost your IT organization’s Services. Learn how IT Leaders are: Establishing the true cost, value and usage of IT Services delivered to each Line-of-Business (LOB) Developing financial analytics to illustrate the value of IT Service vs. market competitiveness Implementing IT Service ...
  • Novation Agreement For IT Service Financial Management (ITSFM) Solutions KEDARit announced an agreement with Novation, a leading healthcare services company, to offer its members and affiliates Software as a Service (SaaS) IT Financial Management (ITFM) Solutions. In today’s complex technology environment, IT organizations are expected to optimize budgetary spending, while providing greater levels of service and support. Read more… Read More...
  • What are Industry Analyst saying about KEDARit? Here are a couple of links to what IT Industry Analysts say about KEDARit and our SaaS Cost Optimization Service (COp-S™) Solution offerings. 451 Research Provides information technology research and timely insight into the competitive dynamics of innovation in emerging technology segments. Computer Economics Provides metrics for IT management. They conduct original research regarding the strategic and ...
  • 7 Essentials for Creating a S.M.A.R.T. Service Catalog Presenter: Charles Williams, IT Strategy Practice Leader Title: 7 Essentials for Creating a S.M.A.R.T. Service Catalog Abstract: The disconnect between business goals and IT priorities consistently ranks among the top three issues facing CIOs year after year. While the specific wording varies from survey to survey, the strong message is the same — business unit executives and ...
  • Five IT Service Costing Best Practices for Complex IT Organizations The concept of allocating the cost of IT services (commonly called “IT service costing”) is not new. Organizations since the 1980s have been doing zero-based budgeting, activity-based budgeting since the 1990s, and portfolio management since the 2000s. Today’s on-demand and pay per unit consumption business mentality present significant challenges to traditional IT organizations. This new ...
  • Kicking the 80/20 Budget Habit Perhaps no C-level position has undergone as many changes in expectations, approaches, and philosophies over the past decade as that of the Chief Information Officer. CIOs have never had such a glorious—and challenging—opportunity to deliver significant, enduring, and transformational business impact and customer value as they do today. But it’s not a job for the faint ...
  • How to Achieve CIO Longevity and Know If You’re Not If you are an IT functional leader like a CIO, or even aspiring to be a CIO, your role is more challenging today than ever before. In the past, IT leaders were primarily evaluated on their personal leadership qualities — their interpersonal skills and strategic insight were the primary source of their success. But, today things ...
  • Measure “Cloud Solutions” Impact How to determine the real cost and value of your Cloud Solutions. The first step to measuring the Clouds impact on IT cost is to identify the current capabilities of your IT organization. The difficulty in doing this is that most budget models are rooted in complex technology architectures and a host of other technology driven ...
  • Gartner cites KEDARit as a top IT Financial Management Consulting Specialist           We are pleased to announce that KEDARit received recognition as one of the top IT Financial Management Consulting Specialists active in the industry in Gartner’s newly released report:  “Use the Right Chargeback Formula to Keep IT Costs Competitive” Published April 2013 In this report, Stuart Buchanan – IT Economist and Research VP for Gartner – analyzes how internal IT organizations are facing increasing competition from ...
  • Magic Quadrant for Business Intelligence Platforms Business intelligence (BI) platforms enable all types of users — from IT staff to consultants to business users — to build applications that help organizations learn about and understand their business. In the attached diagram and audio recording KEDARit has attempted to visually show you where we would fit into Gartner’s most recent Business Intelligence platform’s ...
  • Multiple ITFM Vendors are no longer required! KEDARit’s unique IT Financial Management (ITFM) solutions incorporate functions and capabilities that currently require multiple vendors and their software products. The below diagram depicts how ITFM solutions are divided among multiple vendors. Please plug in headphones or pause music for the slide audio. Download: Kedarit_Dividing the cake Read More...
  • You’ve done the research on the value of ITSM, ITIL and IT Service Costing – Now what? Part II It’s time to evaluate yourself, other internal resources, and outside vendors to see just how exactly you are going to implement “Project Business Transparency.” Doing it in-house Since ITIL became such a commercial success, it’s ITIL® best practices are outlined in a group of training materials and books.  Although excellent training courses are available, taking all relevant ...
  • You’ve done the research on the value of ITSM, ITIL and IT Service Costing – Now what? Part I When asked about the current state of their IT environment, IT executives answered that they “believed that their systems did not deliver the value expected by the business.” They felt that they were “unable to provide the business with quantifiable metrics demonstrating the value of IT services and assets.” A service catalog that is properly developed ...
  • What’s with all the talk about ITSM, ITIL and IT Service Costing? CIOs are striving to impose formal processes on IT activities, spurred by new compliance regulations, the rise of outsourcing options, flattened budgets, a retiring SME workforce, and calls by senior management to “make IT a transparent partner to the Business – not run IT like a business.” This push has led many CIOs to begin organizing and managing IT and delivering ...
  • Chargeback or Showback Benefits Provide greater IT Cost Transparency to increase customer satisfaction. The concept of IT Showback or Chargeback is to provide a deeper understanding to business units of cost and their use of IT Services. Doing this enables business unit customers to effectively fund and scale IT spending to match the velocity of business change. IT Showback and IT Chargeback ...
  • How IT Showback / Chargeback Achieves “Lean” Objectives Today’s IT organizations may or may not adopt an IT Showback or IT Chargeback strategy. Regardless, they are increasingly challenged to deliver greater IT spending transparency. Such transparency allows business management to be more involved in decision making and controlling rising IT costs. The main thrusts for IT Showback and IT Chargeback can be traced to the ...
  • Know Thy Self – KEDARit Assessment Complies with Forrester Research – Part II   The “smartest” IT Financial Management Solution provides an IT Leader the capability to analyze IT spending and budgets from multi-dimensional viewpoints such as line-of-business, department, infrastructure components and/or vendors.  KEDARit has strategically positioned its products and services to help IT organizations accelerate their time-to-value for lean management initiatives by providing the guidance and support needed for ...
  • Know Thy Self – KEDARit Assessment Complies with Forrester Research – Part I KEDAR Information Technologies, Inc. (KEDARit) is pleased to share news of completion of our Internal Assessment of the State of the Business, and establishment of our current fair market value. The Internal Assessment was spearheaded by KEDARit CFO, Shelton Tucker. With over 20 years of financial experience Shelton Tucker has held various leadership positions with major ...
  • Why BI and ERP Solutions Miss the Mark for ITFM   Business Intelligence (BI) Solutions BI solutions often miss the mark, because of the “garbage-in/garbage-out” syndrome. The BI approach is challenged to meet the needs for IT financial management, because it centers on extracting and cleansing the data of IT operations. Unless the BI approach is accompanied by a diligent and often expensive business and IT re-engineering effort ...
  • To Chargeback or Showback – That Is the Question A Chargeback or Showback system is a method used to fairly allocate IT costs to internal businesses based on their use of defined IT services at rates based on levels of consumption. Although many different types of IT allocation strategies exist, some of these allocation strategies provide no real insight into IT real costs and ...
  • Six Cost Allocation Methods Every CIO Must Know With today’s economic pressures, and a business philosophy of “doing more with less,” IT managers find themselves needing to communicate the value of IT and reduce costs while maintaining or increasing service levels. As a result, they need more visibility into the full costs of IT services to understand the cost burden that specific business units ...
  • CFOs Are Challenging IT to Show More Value Allocations are high-level formulas that were designed to distribute IT cost pools, but trying to make them accurate is an exhausting and taxing process that anyone in IT management dreads. The business reason generally cited for these allocation strategies is cost recovery. The corporation wants to associate all IT costs with the various business units ...
  • KEDARit Signs Partnership With OpenText KEDARit signs Solutions Provider Partnership contract with OpenText. This partnership delivers extended support and development of new and evolving industry standards using KEDARit’s Cost Optimization Service (COp-S™) Solution to reduce IT spending and Business Value Alignment (BVA™) Solution for business process management to achieve a “Lean” organization, intergrated with OpenText’s enterprise architecture (EA), business process ...
  • Going Beyond IT Financial Spreadsheets CIO’s must move beyond using spreadsheets to manage the business of IT. Being successful today requires IT to run like a business within a business. Why? To better meet the demands for business growth and expansive use of technology to achieve this growth. Today’s CIO must go beyond using spreadsheets and ad-hoc reports to manage finances of ...
  • Know Costs from IT Budget to Customer Value Today’s business executives are demanding that the IT organization provide greater IT cost transparency and consumption-based metrics. Why? To better understand the true value of IT. They know that cost transparency is critical, because it enables them to intelligently manage their consumption of IT services. Read More...
  • Availability Management ITIL _COP-S- Predictability Read More...
  • Morphing IT Budgets The 80/20 rule applies to IT budgets, and CIOs are being driven to address the issue. The issue is today’s typical IT budget each year is composed of 20% new projects/initiatives and 80% K-T-L-O (keep the lights on). Managing the 80% requires more than knowledge of technology capabilities and number of staff. It requires significant knowledge of: what technology ...
  • The Evolution of IT Financial Management  IT financial Management is interpreted as the practice of controlling the charging and or value of  IT investments and costs.  Like all other departments, IT too has been influenced by financial management, adopting the scope, rules and procedures defined by the organization’s Financial Department. Activities like asset management, budgeting, accounting, and charging have grown in the financial management department ...
  • Cost Optimization Service (Cop-S™) Solution             Today’s CIOs are under more pressure than ever before mature their Financial Management strategy and methods to: Demonstrate IT spending value to business goals and initiatives in understandable business terms. Deliver greater cost transparency that enables line of business (LOB) owners to determine IT spending based on value and their usage of IT services and capabilities. Quickly ...
  • Financial Management for IT Service Course   Today’s IT organizations require greater Financial Management for IT Service visibility and transparency about how budget dollars deliver value to line of business customers. Cost modeling approaches that are spreadsheet or project management tool based simply do not work. Today CIO’s are being required to demonstrate the value of IT spending per LOB customer. Our Cost Optimization ...
  • New Financial Management for IT Service Solution Delivers Cost Optimization for IT Organizations             KEDAR Information Technologies, a leading provider of IT Infrastructure Library (ITIL™) consulting services and certification training, today announced a new solution that help CIOs optimize IT costs and establish a service-based costing method that financially demonstrates the value of IT to line of business (LOB) customers. KEDARIT’s Cost Optimization Service (COp-S™) Solution enables IT organizations to ...

 

 

  • KEDARit News Feed

    • Stop Running the Business of IT on Spreadsheets! ... 5 months ago
    • Turn Your ITSM Solution “paper tiger” into a Cost-Cutting Machine ... 7 months ago
    • HDI Houston: Financial Management for the Business Focused IT Executive ... 9 months ago
    • May HDI: Financial Management for IT Services ... 1 year ago
    • DFW HDI Meeting: Guest Speaker Charles Williams ... 1 year ago