Financial Management

A Financial Management encompasses the sections Cost Allocation, Planning and Invoicing. Set the added value of your IT and identify it. At the same time, the expenses can be identified and controlled depending on the originator, but the Total Cost of Ownership (TCO) can also be reduced in a sustained manner.
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Financial Management

...more than just IT Controlling

An assessment accompanies almost the entire development history of the Information Technology: The IT supposedly causes costs which are too high, is the frequent comment of customers and also of the Management. As IT service provider and IT department, you are thus forced on the one hand to transparently display the value and the expenses of the IT services, on the other hand, the proof that the IT is working economically has to be provided. 

In order to fulfil these requirements, a functioning Financial Management is necessary. It encompasses the accounting, budgeting and charging sections. By means of an implementation or optimisation of this process, the added value of the IT can be ascertained and proven. However, this is not enough, at the same time, the expenses can be hereby identified and controlled depending on the originator, but the Total Cost of Ownership (TCO) can also be reduced in a sustained manner. In addition, the service-based performance products can be optimally planned and the observance of costs-related goals can be transparently represented. Moreover, the Changes can be planned in a costs-oriented manner for supporting the decision making processes.

Manifold Benefits of the Financial Management

  • Efficiency: The IT organisation can represent, control and also tendentially reduce its costs, while making an important foundation for decisions available.
  • Responsibilities: Clear responsibilities for the pricing and settlement of IT Services are established.
  • Integration: The process is implemented under consideration of the important interfaces to the existing process and tool landscape.
  • Service quality: The service quality can be controlled in a cost-effective manner by means of the efficient identification of economical data.

We know exactly what it entails

An important challenge during the implementation or optimisation of the Financial Management is the integration into the process landscape. This especially results from the numerous interfaces which are to be taken into consideration in this case. This is why special competences and the use of Best Practices are necessary for projecting. This is exactly why ITSM Consulting AG is your ideal partner for these challenges. Equipped with the broad experience spectrum in accomplishing efficient process and organisation solutions, we are living according to a very simple principle: Success.

Why ITSM Consulting?

  • Specialised - by means of the absolute focussing on quality.
  • Sustainable process and tool implementations with measurable quality by means of defined KPIs
  • The ITSM Consulting involves itself in your project with the costs and efficiency risk
  • Absolute enthusiasm for the topic of IT Service Management
  • Measurable project success

Our approach

During the construction of the Financial Management as a product of the process and organisation consulting we draw on the service-based performance structures on the one hand, on the other hand, the economical methods like for instance the costs / performance accounting is used. A look at the various functional sections shows how complex the tasks related to it are shaped. Thus, in the Budgeting section, adequate coefficients have to be developed, the inclusion into the IT Controlling has to be performed and profitability considerations have to be conducted.

In Accounting, however, the central tasks include, for instance, the implementation of a service-based cost accounting, an attribution of the cost types, centres and units, as well as the valuation. At the same time, an identification of cost drivers, a costs optimisation, as well as the execution of an analysis of cost divergence is necessary. In the invoicing section, on the other hand, the optimum price strategy for IT services has to be determined and a charging for the services has to be constructed or optimised. In addition, the Service Level Agreements (service definitions, construction of packages and IT service tariffs) have to be shaped. Furthermore, the quality of the IT service can now also be assessed economically and included into the Financial Management - by means of our IT Quality Method with its added value approach.