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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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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 Service Catalog, Round 2

The Service Catalog, Round 2

I’m seeing renewed curiosity in — of all things — the service catalog. The universal consensus in Round 1 was that the service catalog was simply a list of services provided by IS (not IT) to the business and supporting infrastructures. Tools were built and sold with these goals in mind, and so gave rise to the inevitable question: “Why did I, or why am I paying this much money for a tool/process that only produces a list?” Sadly, the main point…

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To Chargeback or Showback – That Is the Question

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 lead to the perception that the cost of IT always seems to exceed its value. These factors have led business executives to demand greater IT…

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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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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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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…

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Morphing IT Budgets

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 driven capabilities support the lines of business (LOB), the value of these capabilities to the LOB, and the unit cost of the each capability defined in terms…

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