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Nicus IT Cost Transparency

Gain enterprise-wide visibility to optimize IT spend and streamline costs. Now you can uncover waste, fund innovation, align with business objectives and communicate IT's value—at speed.

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Understand Spend. Impact Outcomes.

Technology portfolios continue to expand and the growth in AI is fueling this further. Organizations are under pressure to reduce IT run costs, pivot spend to transformation and growth initiatives while demonstrating value to the business. Nicus Cost Transparency brings definition and detail to your technology spend, establishing fully burdened cost structures for everything IT delivers.

Take Action from a Single Source of Truth

Access unparalleled visibility to surface powerful insights and enable actionable transparency.

  • Reduce or reallocate technology costs by 5%+ though a detailed understanding of where your budget is being spent
  • Drive a 25%+ reduction in your technology portfolio through informed rationalization and exit decisions supported by a comprehensive view of TCO
  • Monitor service TCO using fully loaded service rates to show true cost vs. value
  • Track the full picture of AI and cloud spending, including SaaS, security and labor costs
  • Get more accurate unit rates to measure efficiency, not just overall cost changes
Case Study: Florida Blue’s Transparency Shift with Nicus

Cost Models that Align to your Business

Nicus uses a decision-based modeling methodology for every customer so costs only get allocated to the applications they support and services they deliver.

  • Accelerate decision-making with a high-powered cost modeling engine designed to manage enterprise-scale data sets, delivering fast, credible insights
  • Leverage a flexible architecture that supports customized cost allocation models that mimic your IT delivery and standardized models like TBM
  • Minimize risk from cost cutting through a surgical approach and decision levers that reflect costs accurately
  • Drive confidence using numbers you can trust, aligned with the general ledger
Blog: Choosing a Cost Model Design & Allocation Methodology
BJs
Target
Borgwarner
Ford

Prove the IT Value at Every Turn

Demonstrate value in the business’ language. Make it simple to show how all tech expenditures fuel business goals.

  • Build defensible, fully loaded service rates and analyze within a standard cost model
  • Empower service managers to drive down unit rates and prove efficiency in relation to changes in overall costs
  • Help app owners make fast, seamless optimization decisions
  • Track performance by easily pivoting cost allocation to views for internal, peer and industry benchmarking

Simplify Your Bill of IT

Allocate costs accurately and recover payment faster with a bill of IT that builds trust and promotes shared accountability over IT spending.

  • Help technology consumers understand their spend with granular chargeback and showback that lets users drill down into cost and consumption details
  • Generate intuitive, self-service role-based reports
  • Resolve disputes with fact-based explanations of costs and advanced dispute management workflows
  • Help business leaders optimize rates by showing all direct and indirect cost components
  • Accelerate payments with automated email invoicing

Datasheet: Public Sector Bill of IT

Built on ServiceNow Solution

Nicus Cost Transparency on ServiceNow®

Unlock the full potential of IT Financial Management by running Nicus Cost Transparency within ServiceNow. Eliminate silos, gain real-time insights, and seamlessly align IT costs with business operations—all within a single, powerful platform.

  • Eliminate standalone tools and spreadsheets by managing IT costs within ServiceNow for a unified, streamlined experience
  • Track and validate IT costs with precision by linking approved financial data from the finance team to operational metrics in ServiceNow
  • Get up and running faster by leveraging ServiceNow’s built-in automation, security, data integration and reporting tools
  • Provide IT and finance teams with drill-down visibility into IT spend for better decision-making
  • Scale capabilities while aligning with ServiceNow’s evolving roadmap
Lean on Our Team of Industry Experts

Lean on Our Team of Industry Experts

Our deep bench of IT finance experts offers a full suite of services to help you reach your goals.

  • Hit the ground running with personalized implementation from setup to training
  • Leveraging our expertise in decision-based cost modeling
  • Connect the dots between IT and the business with strategy as a service that focuses on your short and long-term value delivery goals
  • Keep your team focused on what they do best through the Nicus data services or full ITFM as a Service offering

Benefits

Strategic IT Decisions

Strategy

Ensure IT investments drive strategic impact and empower smarter decisions.

IT Planning Efficiency

Efficiency

Eliminate waste, reduce costs, and free up budget for innovation.

Nicus Blue Magnifying Glass

Clarity

Increase cost transparency with defensible data that helps stakeholders control tech spend

Nicus IT Cost Transparency on ServiceNow

How it Works

  • Automatically import and map IT costs from the general ledger and other relevant data sources
  • Build configurable cost models and run unlimited what-if scenarios
  • Create and update stakeholder dashboards to align IT spend with business objectives
  • Optionally deliver automatic, interactive invoices to support stakeholder accountability

Nicus IT Planning is available in two flavors. Choose between the Nicus Private Cloud or a ServiceNow native version, fully integrated with ServiceNow.

The entire team (including our CEO) is energized by what we’ve built and what’s to come with Nicus.

Ginger Allen, Sr Director, IT Business Management Office, Florida Blue

Features

  • Powerful cost modeling engine
  • Cost model crosswalk
  • Built-in TBM taxonomy + others
  • Automated data collection and tagging
  • Imports finance-approved general ledger
  • Integrates with cloud platforms
  • 100+ data validation rules
  • Internal and external benchmarking
  • Chargeback and showback
  • Powerful reporting and visualization
  • Unlimited what -if and impact analysis
  • Role-based dashboards and reports
  • Service & Application Total Cost of Ownership (TCO)

Ready to Optimize IT Spend and Fuel Innovation?

Build appreciation for IT’s value and empower leaders to drive impact. See how Cost Transparency optimizes spend to unlock savings and fund strategic growth.

Request Demo

Explore Cost Transparency

Datasheets
Cost Transparency
Cost Transparency

Establish accurate, fully-burdened cost structures for everything IT delivers – allowing technology leaders to eliminate doubt, rationalize spend, and expose opportunity. Download the Nicus […]

Read More
Datasheets
Public Sector Bill of IT
Public Sector Bill of IT

Establish accurate, fully-burdened cost structures for everything IT delivers – allowing technology leaders to eliminate doubt, rationalize spend, and expose opportunity. Download the Nicus […]

Read More
Case Studies
Florida Blue’s Transparency Shift with Nicus: From financial reporting to true IT management
Florida Blue’s Transparency Shift with Nicus: From financial reporting to true IT management

Background With 92 cost centers allocating dollars with no correlation, visibility into IT spend was nonexistent for Blue Cross and Blue Shield of Florida, […]

Read More
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