IT Financial Management Software (ITFM) Software

IT Financial Management Software

What is IT Financial Management Software Software?

IT Financial Management (ITFM) software is a type of software that helps organizations plan, monitor, and optimize the costs and value of their IT services and assets. It enables IT leaders and managers to align IT spending with business goals, track IT expenses and investments, and measure IT performance and outcomes. IT financial management software can help organizations achieve several benefits, such as: Improving IT efficiency and effectiveness by reducing IT waste and optimizing IT value. Enhancing IT transparency and accountability by providing clear and accurate IT financial information. Supporting IT decision-making and governance by enabling data-driven IT planning and evaluation. Increasing IT customer satisfaction and trust by delivering IT services that meet their expectations and needs.

Common Features

  • Budgeting and Forecasting
  • Cost Transparency and Allocation
  • Benchmarking and Analytics
  • Governance Risk and Compliance
  • Vendor and Contract Management
  • Optimization and Automation
  • Offline License Management
  • SaaS Subscription Model
  • Integration

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Top IT Financial Management Software Software 2024

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

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EZTBM® is a game changer: from IT being a cost-center to value-center. Our IT Financial Management Software comprehensively meets and exceeds the requirements of IT businesses.

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When you are aligned across technology, finance, and business units, you get the most value from your tech investments. The IBM Apptio portfolio helps you get everyone on the same page and optimize your tech spend by: Making it easier to communicate the value of tech investments to all stakeholders. Getting rid of time-intensive and error-prone manual processes. Accelerating continuous planning cycles with more accurate outcomes. Offering real-time transparency and insights to make faster, data-driven decisions.

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With ServiceNow’s SPM solution, you can build true organizational agility, delivering work across the enterprise that is aligned with strategic outcomes. With ServiceNow’s SPM solution, you can build clearly defined yet continuously adaptable plans, so you can capture strategies and targets. Roadmaps are updated with real-time status and financial data, so you can know if you are meeting objectives and make tradeoffs quickly and confidently when circumstances inevitably change.

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A Complete ITFM Solution. Extend transparency to every intersection of IT and the business, reveal unseen opportunities to optimize spend and empower decision-makers with insights they can act on. Now available on Nicus Cloud and as a native ServiceNow application.

MagicOrange

MagicOrange

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MagicOrange helps you to understand your profitability and costs, enables you to utilise assets efficiently, shows accurate profit margins and reduce manual effort. It provides actionable insights that will drive your business transformation and future growth.

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Make smart decisions right at the point of decision making with Bee360 for IT Financial Management with always up-to-date financial and operational data. It clearly shows you where the costs are incurred, how the prioritization of expenses is determined, and what risks are considered.

Upland Software, Inc.

ComSci

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Gain actionable insights on IT spend and consumption across labor, vendor, and assets. Using ComSci cloud-based financial management software, you’ll increase forecasting accuracy and IT accountability.

Amalytics Software

CostLens

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CostLens is a fully hosted IT Financial Management software with a pre-built cost modelling engine aligned to industry-standards that automates Cost Transparency & Showback reports, enables Cost Takeout, Demonstrates value of Shared Services, and improves returns of Transformation initiatives.

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ClearCost’s IT Financial Management (ITFM) Foundation allows for the seamless management of IT spend. Our ITFM Solution automates and expands analysis, planning, and forecasting of your IT costs, thus propelling an operation of continual optimisation over labour, vendor, asset, cloud, and project investment. Our IT financial management process fuels innovation and smarter spending and eliminates padding.

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Get rid of ever-growing Excel sheets. ITFM software optimizes the management of IT costs by streamlining processes and providing reliable data and clear metrics.