IT is an integral part of Business today and driving the competitive advantage for organization. The common challenges faced by both Business and IT leaders are IT cost transparency, IT alignment with Business objectives and of managing external IT Service Providers. Costnomics provides you with the knowledge needed to gain control over your IT expenditures, helping you run IT like a business and giving you deep insight into your IT costs. Costnomics’ innovation is delivering to your Business the next generation Software as Service (SaaS) IT Business Management solutions that provide a very measured approach to problem solving the cost economics of your IT organization. Through its products and expertise Costnomics provides you with rapid insight into your IT costs allowing your Enterprise to make more informed IT investment decisions. Costnomics products arm you with the knowledge you need to contribute to driving better business outcomes.
Costnomics offers a new approach to understand the cost of IT Services. Using the next generation technologies, and costing engine, our approach is designed to enable you to solve the complexity of IT spend allowing full IT cost transparency and rapid understanding of financial structure.
With an advanced computation engine and accounting logic, Service Cost Management (SCM) consolidates invoice, GL, time and other key information to compute an accurate Cost of IT Services. Costnomics solution enable you to move beyond simple Allocation methods and get better and accurate understanding of Service Costs
A common challenge for many Organizations is that IT services are not known to Business and it treats IT as a “Black Box”. A key step for IT is to provide visibility into and better control over their IT Service Portfolio. Costnomics’ solutions help IT overcome the difficulty of showing the value of IT to their Business Partners by providing a consistent and accurate IT view using a common taxonomy that both IT and the Business Users understand. The Service Portfolio Management provide solution to showcase the service provided by IT in easy to use interface.
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 analyze 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.
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.
In today’s economic climate CFOs and CIOs are under significant pressure to explain in detail, to their Business partners, the spend in IT and to showcase the effective value of IT. Often IT financial data is held in disparate systems with the result that both IT and Finance staff are unable to easily and consistently access data from these different sources. This has led to often incomplete and inaccurate reporting. Existing financial reporting and analysis is limited and assumptive based as a result of macro level data, like the General Ledger, being used as the costing foundation. With insufficient insight into the IT cost levers, IT finds it difficult to make IT costs controllable and to make optimal financial, operational and contractual decisions.
Costnomics, IT Performance Management (IPM)solution provide analytics for the CIOs, CFOs and service manager to understand the critical KPI's of service provided by IT. IPM’s advanced functionality offers collaborative tools to help IT align with Business objectives. Organizations are tapping into Costnomics’ Financial Intelligence (FI) through its modular Performance Management suite. The IT Performance Management platform is an integrated solution built on Microsoft’s Business Intelligence Architecture. It delivers modern reporting, analytics, dashboards and scorecards through a single pane interface view. The easy to use reporting interface allows the user to view for example, the Total Cost of Ownership (TCO) of Services, Depreciation by Asset and Service Benchmarking data. IPM offers an Organization's IT and Finance Department the ability to manage IT Service cost performance proactively.
Costnomics IT Performance Management provide an easy to use analytical solution to understand cost and performance analytics for both Technical and Business services.