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.
Manage
Centralise your IT contract and vendor management.
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Control contract renewals and lifecycle.
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Track contracts by status.
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Manage vendors information.
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Assign Business, Technology, and Process Owners.
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Generate audit reports e.g. contracts vs. technology usage
Control
Control and streamline the process of contract renewals and vendor performance.
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Streamline your Contract Work-Flow and ensure every steps in the process is managed.
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Use surveys to review and gauge vendor performance.
Analyse
Understand your IT spend with in-depth analysis and visualisations.
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Automatically or manually ingest IT spend data.
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Track IT spend by contract purpose.
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Use financial forecasting & cashflow insights to compare planned and actual budgets.
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See Total Cost of Ownership by vendor name.
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Identify areas for cost consolidation across organisational capabilities and/or business units
Use STATE3 Enterprise ITFM for...
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Manage IT Vendors and Contracts
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TT Budget Planning
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IT Consolidation
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Business Criticality Planning
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Supporting Stakeholder Discussions
