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By Autson Web Design
Strategic IT Cost Reduction - “Doing More with Less”
From market evidence today, the cost of buying an IT asset can be as little as 20% of the total cost of owning the asset over three to five years. Costnomics, through it sound methodologies and market experience is able to identify, analyse and provide you with financial intelligence on the cost of the remaining 80% of the asset. Armed with the true total cost of ownership (TCO) of your assets Costnomics presents you with the lever options that can be instrumental in the lowering your IT spend. Costnomics gives you the tools to improve your return on investment (ROI). Through the use of powerful bottom up cost modelling methodologies, Costnomics can provide sustaining business value through a deep understanding of your IT cost drivers.
Costnomics solution features can help you in a variety of ways:
100% SaaS - No infrastructure investment needed
Accurate Bottom Up costing vs. existng Top Down Allocation
Unit costing that is technology specific
GL Reconciliation with Bottom Up View
Service Based Budgeting
Project Based Costing
Using IT Cost Management to Increase IT Value 
Business leaders are in a constant demand to get more value from IT in a faster, cheaper and simpler way. IT technology and IT spend has evolved and increased considerably in the last 20 years; however the solutions in the market around IT Financial management have not really changed to meet these additional demands.
Organizations are keen to address IT Service Costing, but implementation are adhoc, manual and simplistic, usually MS Excel or Access based. The complex type of cost modeling and financial management demanded by large enterprise organizations today is not being met using existing ITFM solutions, there are a number of reasons; limitations of software, approach and innovation.
IT Service Cost Management provides you
Accurate Unit Cost Modeling
Understand Cost Drivers
Service Base Budget Planning
Depreciation and Run Rate Calculation
Accurately Understand IT Investment Choices
Costnomics is introducing new ideas and concepts into the market today. We are leading the way with our IT Investment Management solution enabling our customers to analyse their existing investments and do ‘what-if’ impact analysis. We are assisting our customers understand the total cost of ownership of their financial decision as they are faced with the prospect of investing in an Internal Cloud. For example, do they invest in a VCE Vblock solution or pursue one of the other alternatives. Costnomics provides its customers with advanced financial knowledge and an improved understanding of cost enabling them to make more transparent and informed financial decisions.
Costnomics’ IT Financial Management can help you in a number of ways:
“What if” analysis
Procedures and methodologies for improving IT investment decision-making
Forecasting fully loaded TCO analysis
Understanding the cost drivers behind your investment choices
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