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Know Thy Self – KEDARit Assessment Complies with Forrester Research – Part II

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 them to quickly implement these solutions and adopt best practices “in a single package “as described in the Forrester Research.** According to the…

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Going Beyond IT Financial Spreadsheets

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 their organization. They must successfully transform IT into a well managed, world-class service provider. Why? — to meet head-on the demands of the…

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Know Thy Self – KEDARit Assessment Complies with Forrester Research – Part I

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 corporations, such as State Farm Insurance, and The Coca-Cola Company, and has specialized in aiding companies with developing financial strategies and infrastructure aligned with…

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The Evolution of IT Financial Management

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 and today are required practices that must be fully implemented throughout the IT organization. This sounds good in theory. The problem lies in implementing…

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Kicking the 80/20 Budget Habit

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 of heart. Any CIO seeking the return to the good old days of bonuses based on uptime and SLA compliance should expect to be…

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Cost Optimization Service (Cop-S™) Solution

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 provide cost justification and benchmarks that illustrate lower costs and IT service and capability improvements to LOB…

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Financial Management for IT Service Course

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 Service Solution enables IT organizations to quickly adopt a Service Management view of IT and achieve greater alignment with LOB organizations and their…

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Six Cost Allocation Methods Every CIO Must Know

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 place on IT. There are many methods for determining this “cost allocation” — the trick is finding the best approach to provide the most…

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Know Costs from IT Budget to Customer Value

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.

CFOs Are Challenging IT to Show More Value

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 to measure their expenses vs. profits, and use these calculations to determine upcoming IT projects and budgets. From a governance point of view, however, holding…

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