In this new article we look at four key areas where understanding TCO is crucial to IT decision-making, and how teams can get this information in the ServiceNow applications they’re already using.
The newest addition to the FMDB family is available now in the ServiceNow App Store.
Today’s CIOs are challenged to align technology investments closely with business strategy, drive digital transformation initiatives, and clearly demonstrate IT’s value across the organization. Yet, imprecise financial data, limited transparency and outdated processes often hold back strategic execution, leaving critical decisions reliant on incomplete data and intuition rather than clear, actionable insights.
Nicus provides CIOs with a range of ITFM solutions, designed to give you clarity, control, and confidence in every technology investment decision. Our solutions transform complexity into actionable insight, ensuring your IT strategy directly fuels organizational growth and agility.
Technology decisions shape your organization’s competitive advantage. CIOs need clarity and precision to ensure IT investments align perfectly with business priorities. Nicus enables you to:
Reducing IT run costs is a strategic imperative for CIOs looking to unlock millions of dollars for innovation and growth initiatives. Nicus equips you with precise levers to identify and eliminate unnecessary spend, enabling rapid redirection of resources towards initiatives that drive business growth. Nicus helps you:
Andrew M. Appel, Neeru Arora, and Raymond Zenkich, McKinsey & Company
Digital transformation and rapidly emerging technologies such as AI are critical investments CIOs are making to drive organizational competitiveness. Nicus provides actionable insights into IT costs and their business impacts, empowering CIOs to accelerate strategic initiatives effectively and efficiently while keeping you on budget. Nicus helps you:
Accurate, defensible IT financial data is essential to building trust and credibility across your organization and especially with the CFO. CIOs need detailed visibility into technology spend to confidently engage stakeholders and demonstrate clear business value. With Nicus, you can:
4T
Projected global spending on digital transformation initiatives by 2027
38
Organizations that have reached a high level of digital transformation maturity
50
Organizations struggling to align IT initiatives with business goals
62
CIOs that believe there is not adequate transparency of IT costs, contributions and performance.
Nicus Customer, Insurance Industry
Extend transparency to every intersection of IT and the business, reveal unseen opportunities to optimize spend and empower decision-makers with insights they can act on. (encompasses Cost Transparency and IT Planning products).
Establish accurate, fully-burdened cost structures for everything IT delivers – allowing technology leaders to eliminate doubt, rationalize spend, and expose opportunity.
Build detailed IT budgets and forecasts quickly and accurately. See how and why today’s funds are being spent, and how tomorrow’s investments can drive new value.
FMDB provides a centralized, single source of truth for financial data in ServiceNow that can be leveraged across ServiceNow applications.
Populate precise app TCO data in ServiceNow, enabling teams to streamline application rationalization, eliminate redundancies, optimize resources, and track financial impact.
Unlock asset TCO insights across ServiceNow® ITAM workflows with comprehensive asset costs, empowering stakeholders to make data-driven asset decisions.
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Background With 92 cost centers allocating dollars with no correlation, visibility into IT spend was nonexistent for Blue Cross and Blue Shield of Florida, […]
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Making decisions based on incomplete information can lead to unintended consequences. It’s a particular problem in IT decision-making, where companies often make decisions that […]
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