FMDB - the Financial Management Database for ServiceNow

Empower your business decisions with financial insights in ServiceNow

Very few organizations have complete, accurate finance approved financial data in their ServiceNow instance. For example, indirect costs such as internal and external labor are missing. Typically, this lack of accurate data leads to misalignment between IT, finance and business leaders. What’s more, stakeholders are forced to make suboptimal decisions on technology investment, cost reduction and optimization because they don’t have a complete picture of costs or value delivered.

FMDB provides a centralized, single source of truth for financial data in ServiceNow that can be leveraged across ServiceNow applications. FMDB imports, validates and transforms approved financial and operational data to calculate valuable financial metrics. Improve decision-making, get to value faster, eliminate manual data entry and align IT and finance with Nicus FMDB for ServiceNow.

Improved Decision Making

High-value financial data directly within ServiceNow workflows. Map costs to tangible capabilities and enable data-driven decisions; empower service and app owners to reduce unit rates and TCOs; expose underutilized resources to unload or redirect; and balance IT supply based on an accurate view of anticipated demand.

Faster Time to Value

Increase the value of ServiceNow to all stakeholders with critical data not generally available or difficult to find; give consumers a detailed picture of everything their spend delivers and connect value to cost; mature the use of relevant ServiceNow applications; and free up your team from manually entering, importing, integrating and validating financial information.

IT and Finance Alignment

Stakeholders struggle with using financial data that doesn’t align with the finance team, undermining their credibility. With FMDB, ServiceNow customers access a single source of financial truth with drill down that maps back to finance; finance and IT agree on the numbers through CFO-approved financial data; capture indirect cost drivers to achieve accurate TCOs; and unify financial data integration and transformation.