Help Your Business Blossom with anafee ITFM

Tom Schröder gives a brief overview over the intricacies of Technology Business Management/IT Financial Management

Learn how the anafee Software Solutions Suite can be deployed to properly address the challenges of IT Financial Management. 

ITFM growth

The Importance of IT Financial Management

If you want to successfully run a business – and of course you do – it is vital to address these three key challenges of IT Financial Management:

  1. Justification of expenses to customers and business executives
  2. Optimization of service costs as well as understanding key service cost components
  3. Providing proper transfer pricing documentation in the interest of tax compliance

IT Financial Management (or Technology Business Management) responds to these challenges by helping to manage the technology and expenditures of businesses. Its aim is to provide both IT organizations and businesses with a common platform to analyze and measure the value their services are creating thereby allowing for better future investments. Ultimately, this will improve IT services as well as the advancement of business performance.

Master IT cost control in 10 steps

Download our new white paper and learn how to stay on top of IT costs

Proper IT cost management is essential to the successfull expansion of an enterprise. There are many things to consider when it comes to optimizing the underlying processes:

  • What does my IT cost?
  • Where do the costs come from?
  • How do I optimally allocate my IT budget?

Find out how to tackle these questions in our new white paper “10 Steps to Successful IT Cost Management.”

IT cost control

What is The Role of anafee in IT Financial Management?

anafee is a software solution suite that essentially enables the automation of the IT Financial Management process. The way this process operates is threefold:

  1. Businesses can analyze their costs and demands to make immediate cost reductions.
  2. They are provided with scenario-based planning and budgeting. This will facilitate the decision-making process related to the allocation of the IT budget.
  3. Business customers are presented with complete transparency through anafee’s charging and invoicing process. As a result, they are granted control over their service consumption as well as allowing for planning, forecasting, and adjusting of consumption behavior.

anafee’s software solution suite ultimately grants key advantages to all stakeholders of the IT Financial Management process:

  • Service suppliers are aware of unit costs, can better plan and distribute their budget, and offer transparency to their customers
  • CFOs can make immediate cost reductions where necessary, lower controlling efforts on the IT department, and stay compliant with tax laws via proper transfer pricing documentation
  • Business customers and service consumers are given more control and transparency regarding their service consumption. Consequently, this allows for improvements in planning future IT service deployment

If you would like further information about ITFM and how anafee can help you improve your business capabilities, feel free to contact us and we will gladly answer all of your questions.