Stop Simple Allocation of Costs to your Business
In today’s world, Business leaders are struggling to get a clear visibility into their IT cost and consumption of IT Services. Business Units are left with more questions than answers. One of the key reasons business units may go around IT and using external clouds is this transparency of costs and benefits. Allocation of IT expenses can be very convoluted, resulting in mistrust and confusion by the business partner about how and why charges are applied. It is not just about creating a Bill-of -IT, this transparency provided to the business units needs to be accurate and defensible.
Costnomics is innovating new technologies and approaches that help you understand who is consuming what IT Services and utilization of IT Services. Costnomics provides true cost of IT through a detailed Bill-of-IT, a summarized report to the Business Units on the clear visibility into their IT costs, usage, and alternatives of the IT Services. Through our solution, you can measure internal IT performance against External Service Providers and link price / performance to give the Business Units more options to lower cost.
IT Cost Management provides you:
Detailed “Bill of IT” that is defendable
Industry methods using ARC/RRC (Resource Unit) method to Chargeback
Business Modeler to analyze costs by Line of Business (LOB)
Analyse and Understand fixed vs. variable IT costs