New Financial Management for IT Service Solution Delivers Cost Optimization for IT Organizations

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 quickly adopt a Service Management view of IT to do budgeting and forecasting that is tightly aligned with LOB organizations based on their demand for IT services. COp-S™ simplifies the complexity for IT organizations to develop a comprehensive “supply-chain” view of people, process and technology, and the services they provide. Whether you are in the process of adopting the ITIL framework or not, COp-S™ improves your control over the budgeting process and for many customers reduced their annual IT operating budget by up to 8%. In addition to greater budget control, COp-S™ provides detail visibility about the demand for IT services by LOB customers. COp-S™ transforms the LOB customer view of IT as a technology-driven cost center, to one of a valued and financially well managed internal service provider at all levels.

Today’s IT organizations require greater visibility and transparency about how budget dollars deliver value to LOB 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 and to more accurately forecast the impact on strategic business initiatives. Cloud Computing, Virtualization Technologies, Software as a Service, and other outsourcing options are making it increasingly challenging for internal IT organizations to demonstrate their value using traditional approaches. Today’s cost model must accurately reflect what it cost to run each distinct IT service for each LOB customer. For example, Email service cost to each LOB customer can be described in terms of the cost of hardware, software, people, etc. The complexity inherent to accumulating all related Email service elements and their costs, and to communicate that cost to LOB customers requires solutions beyond the capability of spreadsheet and project management tool approaches.

The COp-S™ Solution delivers to CIOs, Business Managers, and Finance Executives detail visibility to cost drivers, and their direct and indirect costs so that they can actively control and scale spending based on LOB customer demand for IT services.

About KEDARIT
KEDAR Information Technologies, Inc is a leader in IT Service Management consulting services and certification training. We work with Fortune 1000 companies, large and medium-sized businesses, government, and public organizations across a broad range of industries. KEDARit solutions help Technology Leaders achieve greater levels of business alignment, measurement, and control mechanisms. Based in Dallas, Texas, KEDARIT has consulted to IT organizations since 2001.

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