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IBM ApptioIT Financial Management
Align IT spending with business objectives and achieve greater financial visibility.
What is IT Financial Management (ITFM)?
IT financial management (ITFM) is a framework that consists of the processes and tools necessary to provide IT leaders with the key capabilities to effectively account for, manage, and analyze IT costs and communicate their value to the business. ITFM enables IT leaders to understand their IT costs and align their investments with business priorities to maximize value. ITFM involves analyzing, planning, and controlling the costs associated with IT operations, projects, and services, and ensuring that IT spending is transparent, accountable, and optimized for efficiency.
Effective ITFM involves establishing financial governance, creating and maintaining a comprehensive IT budget, tracking expenses, and performing cost-benefit analyses of IT investments. By implementing ITFM practices, organizations can gain greater visibility into their IT spending and make more informed decisions regarding budget allocation and investment. This can lead to cost savings, better business outcomes, and improved IT performance, while also promoting transparency and accountability across the organization.
ITFM's Value for Stakeholders
Proper implementation of the ITFM process will help multiple groups across the organization drive better decisions and collaboration around IT spend.
Analyze and plan IT spend faster with insights and action plans that surface optimization opportunities and drive spend accountability.
Reduce risk to the business and ensure the highest return on investment from your technology spend.
Demonstrate IT financial stewardship to the business by driving a continuous spend optimization process.
ITFM Success Stories with Apptio
Increased Forecasting Accuracy While Reducing IT Planning Cycles by 85%
How TBM & Product TCO Helped Lowe’s Modernize their Annual Investment Planning Process
Reduced IT Cost and Complexity Through Application Portfolio Management
“It's difficult to be business-aligned if you're not able to show how IT spend and IT costs are aligning with business priorities. My team and I wouldn't have been able to do that without the transparency that Apptio provides.”
IBM Apptio IT Financial Management Products
- IBM Apptio
- IBM Cloudability
- Targetprocess
IBM Apptio
Analyze, Optimize & Plan IT Spend
IBM Apptio Costing
Apptio Costing reveals the exact costs and impacts of your tech investments, providing transparency on key spend drivers tied to business priorities, driving informed decisions in an evolving tech landscape.
IBM Apptio Planning
Apptio Planning streamlines the technology budgeting and forecasting process while providing the variance analysis and scenario planning capabilities to support continuous planning.
IBM Apptio Billing
Apptio Billing delivers an automated and reliable cost recovery solution that communicates the value of IT and technology, enables partnership with the business, and empowers business stakeholders to be better consumers of technology.
IBM Apptio Benchmarking
Apptio Benchmarking provides self-service peer comparisons of your technology spend over time, enabling an ongoing process for tracking performance, validating decisions, and identifying areas for improvement.
IBM Cloudability
Optimize Cloud & Hybrid Infrastructure
IBM Cloudability
Cloudability ingests, normalizes, and structures cloud billing and usage data from across your public cloud ecosystem so that you can actively manage spend and consumption to continuously improve the unit economics of cloud service.
IBM Cloudability Savings Automation
Cloudability Savings Automation enables organizations to run their commitment program on autopilot, freeing up critical FinOps resources and delivering savings that are not achievable with a manual approach.
IBM Cloudability MSP
Cloudability MSP empowers managed service providers to efficiently manage complex cloud environments and optimize costs while streamlining customer management and billing processes.
Targetprocess
Maximize Agile Investment Planning
Apptio Targetprocess is an enterprise agile management solution that ingests and structures activity data from PPM and ALM tools with portfolio financial data to inform investment decisions, optimize resources, and track value. Built to align development work with business goals and objectives, Apptio Targetprocess enables portfolio leaders to accurately plan, track, and forecast investments for agile or hybrid delivery.
The 7 Best Practices for IT Financial Management
Navigating spending versus impact is a complex challenge for even the most experienced tech leaders. Effective ITFM encompasses much more—it enhances visibility, increases accountability, and optimizes spending for better outcomes. With a sound ITFM strategy, CIOs and their teams can make well-supported spending decisions, transforming IT into a pivotal business ally.
