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IT Financial Management (ITFM)

Managing IT investments is more than understanding the bottom line. ITFM is about getting across all your technology spend – from the hardware assets provided to employees, to the licenses they need to access their work apps and the infrastructure those work apps run on.   

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Manage

Centralise your IT contract and vendor management. 

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  • Control contract renewals and lifecycle. 

  • Track contracts by status. 

  • Manage vendors information. 

  • Assign Business, Technology, and Process Owners. 

  • Generate audit reports e.g. contracts vs. technology usage 

Control

Control and streamline the process of contract renewals and vendor performance. â€‹â€‹â€‹â€‹

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  • Streamline your Contract Work-Flow and ensure every steps in the process is managed. 

  • Use surveys to review and gauge vendor performance.

Analyse

Understand your IT spend with in-depth analysis and visualisations. â€‹

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  • Automatically or manually ingest IT spend data. 

  • Track IT spend by contract purpose. 

  • Use financial forecasting & cashflow insights to compare planned and actual budgets. 

  • See Total Cost of Ownership by vendor name. 

  • Identify areas for cost consolidation across organisational capabilities and/or business units 

Use STATE3 Enterprise ITFM for...

  • Manage IT Vendors and Contracts 

  • TT Budget Planning 

  • IT Consolidation 

  • Business Criticality Planning 

  • Supporting Stakeholder Discussions 

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