Take a Holistic Approach to IT Financial Management

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Organization-wide immaturity around technology expenditure and investment decisions is often behind much of the pressure that IT leaders experience.

IT investment decisions are often made based on instinct, not data.
There’s not enough flexibility in the system to pivot and reallocate IT funds when business conditions change.
IT is still generally seen as a cost center, not a strategic partner, and has struggled to communicate its value to its business stakeholders in terms they understand.

Our Advice

Critical Insight

Conversations about technology financials aren’t happening nearly enough, partly due to lack of experience and expertise on the part of IT management in how finance works and poor understanding on the part of the business about what technology is, does, and can do.
Other key factors are hampering constructive IT financial management conversations, including an absence of adequate governance mechanisms, low visibility into the true nature of technology spending across the organization, and difficulty linking IT costs to business benefits.

Impact and Result

Mature your IT financial management program into a continuous and sustainable process that enables greater transparency, meaningful conversations, and better decision making.
In this ITFM capstone report, learn about the state of ITFM today and how we got here, core principles to inform how you think about ITFM, and a vision of what good ITFM looks like.
Get started on your ITFM maturity journey by leveraging Info-Tech’s approach and collection of resources and services.

Take a Holistic Approach to IT Financial Management Research & Tools

1. Capstone: Take a Holistic Approach to IT Financial Management – Good ITFM improves decision making by improving transparency and enabling more meaningful conversations with stakeholders. Let us help you chart a path to achieving ITFM maturity.

IT financial management (ITFM) is a critical tool for generating and demonstrating value to stakeholders. It drives meaningful conversations with your business partners and leadership team while laying bare the necessary trade-offs to achieve shared goals. In this point-of-view capstone report, we will explore what mature ITFM looks like and provide you with both principles and a approach overall ITFM improvement.

Take a Holistic Approach to IT Financial Management visualization

Foster meaningful conversations about IT spending to drive the best business decisions.

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