IT Financial Management Foundation Streamlines Collaborative Technology Budgeting, Forecasting and Variance Analysis for
Hybrid IT
LONDON, Aug. 24, 2017 /PRNewswire/ -- Apptio, Inc., the business management system of record for hybrid IT, introduced a
new application today specifically designed to address the needs of IT finance professionals. Apptio's new IT Financial
Management Foundation (ITFM Foundation) application helps IT finance leaders produce an accurate, credible budget in partnership
with technology leaders while proactively managing spend variance and forecasting for the future. As a result, IT leaders can
make informed planning decisions, reduce risk to the business and spend every dollar smarter on driving innovation.
"We want our cost center managers to focus on keeping our systems up and running, not getting caught up in an inefficient
budgeting process," said Robert Winchester, IT Financial Consultant at First Citizens Bank. "By reducing the effort needed
to prepare the IT budget and ensuring everything was in sync, they could spend more time analyzing the actual spend and making
better decisions for the business. Really, the biggest impact is the time we're now able to spend helping our senior leaders of
IT better analyze the impact of future changes to their budget."
With ITFM Foundation, IT finance can put budget decisions into the hands of technology leaders, improving accuracy and
accountability. Within minutes, IT leaders can analyze and compare scenarios over multiple years, focusing on building a better
plan instead of wrestling with spreadsheets. With continuous, proactive variance management and rolling forecasts, they can avoid
budget surprises, minimize organizational risk and respond quickly to new opportunities and challenges. In the end, resources get
targeted for the greatest value to the business.
"Every year, organizations find themselves setting and managing their IT budgets based on best-guess estimates, rather than IT
business realities," said Ted Kummert, Apptio's EVP of Engineering and Cloud. "With Apptio ITFM Foundation, IT finance
leaders now have a simpler way to translate financial data into IT-friendly views and ensure teams are being as cost-effective as
possible, while increasing collaboration, reducing risk and funding innovation. This can result in saving millions of dollars and
creating opportunities to fund innovation throughout the business."
For more information on how to adopt Apptio's ITFM Foundation, join the "TBM
Workshop Series: ITFM *New* Product Launch" webinar on Tuesday, August 29 at 2:00 p.m. BST/3:00 p.m. CEST.
About Apptio
Apptio (NASDAQ: APTI) is the business management system of record for hybrid IT. We transform the way IT runs its
business and makes decisions. With our cloud-based applications, IT leaders manage, plan and optimize their technology
investments across on-premises and cloud. With Apptio, IT leaders become strategic partners to the business by demonstrating
value of IT investments, accelerate innovation and shift their technology investments from running the business to digital
innovation. Hundreds of customers across the world's largest organizations choose Apptio as their business system of record for
hybrid IT. For more information, please visit www.Apptio.com.
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Ali Kramer
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