Determining the Right Amount of IT Financial Controls Diane Carco, IT Optmization Practice Head and
Chris Herman, Senior Consultant
How do you set the right level of investment for resourcing IT Finance controls? How do you know whether it’s worth it? We’ve seen the pendulum swing from a period of excessive administrative controls, with hundreds of cost centers and unmanageably complex chargeback systems, to complaints about having "checkers checking the checkers,” which resulted in widespread dismantling of controls. Then along came Sarbanes-Oxley, and it felt like everybody had to gear up all over again. In addition to offering a comprehensive exploration of current benchmarks, this discussion will show you a supportable and rigorous rationale behind setting the right balance of expense and benefit for the job of planning, managing, controlling and allocating the IT budget.
Effective Financial Communication Among the CFO, CIO and CEO Yisrael Dancziger, President and CEO
Digital Fuel Technology
This presentation will discuss how to implement a central business software platform that manages and aligns the objectives of IT (CIO) and finance (CFO) with the overall strategic goals of the company (CEO). We will delve into how this can ensure that all three groups are communicating in common terms and allows the CEO and CFO to make effective IT decisions by providing them with insight into the value and business impact of IT expenses. Step-by-step measures are provided to improve IT efficiency through:
• Eliminating leakage (unnecessary IT expense)
• Reducing the overall cost of services
• Identifying and eliminating ineffective/inefficient services
• Helping business units to understand resource costs and optimize consumption
• Improving the organization's ability to accurately forecast expenditures
A Review of Your IT Financial Management Principles and Practices Page Hite, Product Manager
IBM Tivoli Software
Let's take a look at how your organization performs Financial Management. We'll present some examples of different methodologies, try to fit your philosophy and protocols into categories, and scrutinize your ultimate goals. You may be surprised at the results.
Next Generation IT Financial Management – New Tools & Best Practices Joe Pucciarelli, Program Director
While many IT organizations are charged with running hugely complex enterprises with hundreds of employees and thousands of computers across dozens of countries, the most widely deployed IT management software remains MS-Excel. To address this longstanding requirement, a rapidly expanding class of new IT management software is emerging from leading vendors including BMC, CA, HP and IBM (among others). In this presentation, we discuss the emerging new tools and management best practices used to address many of IT's long-standing challenges.
Return of the Cutback: Over One Thousand Ways to Reduce IT Costs Bob Simko, Executive Director
International Technology Group
After several years of spending growth, industry observers are predicting a new wave of IT cutbacks in 2009 and beyond. This session outlines a variety of proven methods – ranging from strategic initiatives to everyday savings techniques – that may reduce IT spending. Checklists of potential cost-cutting techniques will be presented, along with recommendations as to how users can identify cost reduction opportunities in their own organizations.
How All the Pieces of IT Financial Management Processes Fit Together N. Dean Meyer, President
Service costing, activity-based budgeting, zero-based budgeting, portfolio management, strategic alignment, asset management, expense management, service management, performance management, total cost of ownership, compliance, chargebacks, benchmarking, benefits measurement....All these buzzwords represent important IT financial management processes. But implementing them in the wrong order is likely to lead to disappointing results. If you are missing critical prerequisites, the process will not work. If you are missing key dependent processes, the benefits will be limited. This session reveals the big picture and how all the pieces of the puzzle fit together and what must come before what (the interdependencies), where the big payoffs are (pressure points), and how each of these sub-processes must be designed to fit together in order to add up to a comprehensive resource governance system.
Contract Management Can No Longer Be Ignored As An Integral Part of IT Financial Management and Strategy Paula Ausano and
Larry Graham, Managing Partners
Procurement and then contract management must be in step with corporate objectives, strategies, planning and budgeting. CFOs and IT Controllers cannot be successful in executing best practices by allowing spend management to take a back seat or step child position in Financial Management. This session will discuss, (1) the necessary alignment of Business, Financial and Contract Management, (2) the contributions that professional Contract Management can make to the company and its Financial Management strategy and (3) the often unrealized value proposition that can be realized when contracts are in sync with corporate and financial business strategies. Recent discussions with CFOs and CIOs highlighting this issue will be part of this presentation. You will be encouraged to discuss your views and experiences in this regard.
How to Reduce IT Costs and Empower IT Financial Management Product Demonstration Yisrael Dancziger, President and CEO
Digital Fuel Technology
ITIL v3 has changed the game of IT Financial Management. Organizations have to address financial management with a top-down, customer-facing approach and need to have a system in place that allows them to quickly and precisely analyze whether they are charging in accordance with your agreements. In order to effectively implement a rigorous IT Financial Management environment, service organizations must be able to address these vital considerations for themselves and their customers in order to optimize their service delivery and establish a true competitive advantage. In this presentation, Yisrael Dancziger, President and CEO of Digital Fuel will discuss how the Digital Fuel ServiceFlow Software Suite gives enterprises this competitive advantage by enabling them to reduce costs and create greater business value. The presentation will highlight how to implement processes in a federated way such that these organizations can provide the business answers their customers need in a timely and efficient fashion rather than troubleshooting through individual elements of an implementation when there is a problem, and proactively address/modify issues before they negatively impact the customer. Digital Fuel's solution reduces operational costs by automating complex reporting processes and bringing discipline and rigor to an organization's approach to IT Financial Management. Dancziger will draw on examples of how industry leaders like Cummins, Cisco Systems and General Electric have leveraged these strategies to successfully implement an effective IT Financial Management framework and structure.
IT Financial Management with Planview Enterprise Product Demonstration Marcus Klein, Product Line Manager, Enterprise Portfolio Management
Planview Enterprise adds rigor to your strategic management and execution processes, delivering visibility to align strategies with resource capacities and funding across the organization as well as tracking actual spending back to the budget. Planview Enterprise uses the discipline of portfolio management to enable the dynamic management of money and resources to support high value initiatives and better investment decisions. With Planview Enterprise, IT Financial Managers, CFOs, CIOs and Business Unit Managers can:
• Consolidate all IT costs in a central place
• Access a complete view of Project, Strategy, Asset and Service Costs
• Have a source of record for labor actuals and forecasts
• Manage the flow of money between providing organizations, projects/activities and sponsoring organizations
• Track sponsorship and chargebacks
• Integrate with corporate accounting, accounts payable and general ledger systems.
Don't miss this informative product presentation to learn how Planview Enterprise empowers today's IT Financial Managers.
Siwel: Increasing Your Return from Software Asset Management Services Demonstration Barry Friedman, National Practice Director
Siwel Consulting, Inc.
It is a common belief that an Auto-Discovey tool is the only requirement for a Software Asset Management (SAM) solution. It’s certainly a component but the true solution lies within SAM processes, policies and procedures. Siwel helps clients realize true cost saving by analyzing, building, and strengthening SAM processes and practices. Our suite of project based solutions and outsourcing services regularly deliver software cost reductions of 15% to 20%.
Digital Fuel Technologies Reception
Digital Fuel invites you to join us for some delicious food, refreshing drinks, and informal conversations in a relaxing atmosphere. This will be an enjoyable opportunity for you to network with other conference attendees and (if you feel so inclined) learn about Digital Fuel's leading Service Management Solution.
Siwel Consulting Reception
This evening, Siwel will host a reception with beer, wine, sodas and hors d’oeuvres for ITFMA attendees and exhibitors. We hope you will join us for some light socializing and networking.
a leading provider in enterprise financial management software for project-driven organizations
Optimizing Information Technology through Centralization Daniel Frei, Chief Finance Officer
State of Utah Technology Services
The State of Utah embarked on a complete IT consolidation in 2006 bringing all infrastructure and application IT employees and services from 20 disparate executive branch agencies into one centralized agency – the Department of Technology Services. Now after 3 years since department creation, learn about this unique transformation including challenges, initiatives, achievements, and lessons learned.
Transforming Finance’s Methods, Processes and Systems to Control Cost Effectively Scott Wise, President
Rising IT costs are a key issue affecting performance and profitability of every organization today. While business managers are struggling to understand the source and nature of these expenses, technology managers are challenged with making these costs transparent and proving the strategic value of IT. IT Finance is caught in the middle charged with unraveling the mystery. This session addresses the need to move beyond providing financial transparency and explore ways to transform the methods, processes, and systems used to control costs. We will explore the common challenges in providing effective IT Cost Control and opportunities to integrate Finance activities of Activity Based Costing, Planning, Benefit Realization, and Shared Services Recovery into a Strategic Cost Management framework that promotes accountability throughout the organization and provides an efficient platform for continuous cost control.
Translating Geek Talk for Finance – Understanding Your IT Expert Denise Kalm, Director, Product Marketing
IT Financial Management is hard enough without having to translate the arcane language of your IT technologist. Though IT people do make an attempt to speak your language, it can be helpful to know some of the basic terminology and how technical "geeks” use language to streamline this effort. Learn the basics from a 30-year IT professional who made her mark as a technology liaison to the business.
Greater IT Cost Transparency by Operationalizing Your IT Service Catalog Robert Svec, President & CEO and
Michael Siniscalchi, Vice President
IT Cost Transparency allows visibility into all IT products and services, e.g., mainframe, distributed services, desktop support services, telecommunications and much more. Hear how you can utilize an IT Service Catalog to provide greater IT Cost Transparency to the Business Unit Managers. Those questions IT hates receiving from the Business Managers and how IT Cost Transparency can help are discussed. Hear how the role of IT Cost Transparency and Chargeback supports the ITIL v3 financial management concepts.
The Central Role of ITIL Financial Management Mary Lou Alter, Solutions Partner
ITIL Financial Management has many defined activities and interfaces with other processes, as do most processes in the ITIL framework. Financial Management is, however, one of the last undertaken by most organizations and one of the most under-rated. When the target list of ITIL processes is drafted, most organizations head right to Service Levels, and Configuration and Asset Management without considering the void that Financial Management would help them fill. During this session, we will explore how the key activities and outputs of IT Financial Management fuel other, mission-critical processes, and how maturing IT Financial Management drives overall organization maturity.
Solutions to the Coming IT Talent Crisis Patrick Gray, President
Prevoyance Group, Inc.
As if global credit crisis, pandemics and melting polar ice caps were not enough, the IT industry has predicted a dire talent crisis that will leave the cubicles of IT shops empty in the coming years. This session examines the dire predictions, separating the facts from the industry's doom and gloom, and providing actionable steps on how to make your IT organization a powerhouse that successfully attracts and retains talented people.
Actual Financial Business Cases and ROIs for Outsourcing Stuart Harris, Partner
IT outsourcing is deployed by organizations for multiple reasons, ranging from the strategic to the tactical. The economics of justifying a deal clearly depends on the individual priorities and circumstances and so cannot readily be compared. However, executives are very interested in the level of return that deals generate and what their peers are prepared to invest for change. In this session we will use real deal data to discuss how financial business cases are put together and the rates of return being realized.
Automating IT Cost Transparency: Improving Cost Model Accuracy, Financial Transparency and Operational Efficiency with Apptio Product Presentation Eric Berg, Vice President
Most IT organizations model their IT service costs and cost drivers in Excel with limited analytical capability, inadequate reporting to IT and Line of Business managers, prone to error and requiring days or manual process to update each quarter. Apptio provides a software solution that automates the modeling process, delivering more accurate models, automatic quarterly updates, powerful analytics engine and custom reports. This provides companies a data-driven approach to cost reduction, better forecasting and budgeting, a systematic way to track and improve IT operational efficiency and better communication of the value of IT to the business community.
EcoSys Financial Manager – Gaining Control Over Operational Budgeting Product Demonstration Thomas Brown, Director of Professional Services
Today's leading IT organizations need to be agile and responsive. Financial planners and analysts must reconcile information flowing down from executives responsible for strategy and up from the people close to the work. EcoSys FM successfully bridges corporate strategic planning and IT operational financial management. From fiscal year planning to chargebacks to supporting SOP 98-1 capitalization efforts, Financial Manager provides the IT organization the financial control needed to meet corporate objectives.
ComSci's BillBrowser(tm) Web-based Reporting Increases IT Cost Transparency Needed to Understand and Shape Demand Product Demonstration Robert Svec, President & CEO and
Michael Siniscalchi, Vice President
IT Cost Transparency and Chargeback promote a better understanding of the costs of providing services to a particular business unit. With this understanding, IT can truly partner with business-unit managers and that leads to more efficient, effective consumption of IT services. BillBrowser(tm) provides CIOs and their clients – the business units – with "one bill" covering all technology services. The result: business-unit executives finally have insight into their consumption and utilization of ALL IT products and services. Consequently, they often change their focus from "Why are my workstations so expensive?" to "What technology do we need over the next 12 to 24 months to maintain our competitive edge?"
Apptio is pleased to invite you to join us for some refreshments, hors d'oeuvres and an opportunity to unwind after a long day of sessions. The Apptio team will be on hand to talk about IT Cost Transparency and how Apptio is helping customers reduce IT cost, improve budgeting and forecasting, and automate the tracking and reporting of IT costs. Find us and the drinks are on us!
a leading provider of Technology Financial Management solutions
Slashing IT Spend With Service-Based Costing and Demand Management Boris Pevzner, President,
Historically, the battle cry for reducing IT spend has usually been met with the marching orders toward improving IT organization’s efficiencies. What’s often forgotten is that the IT organization, as the supplier of IT services, shares the responsibility for IT spend with its business customers who consume the services it provides. By focusing exclusively on wringing efficiencies from the supply side, many companies miss the low-hanging fruit on the demand side. This talk will explain how well-established service-based costing and demand management techniques can be used to influence IT customers’ behavior, direct them toward IT service choices most appropriate for their needs and budget, and help to dramatically reduce the organization’s overall IT spend. This session will give a step-by-step account of implementing this methodology (and the resulting benefits) at two Fortune 500 companies.
Understanding the Company’s Supply Chain Model to Financially Manage IT More Effectively Richard Scannell, Senior Vice President
Businesses run on supply chain efficiency – an understanding of their markets, the development of an appropriate set of offerings, distribution mechanisms to get product to market, and financial scrutiny to ensure fiscal success. Supply chains are about having just enough of just the right product, just in time, at just the right price. IT is trapped by a set of financial constraints that have nothing to do with running an efficient technology function, and simultaneously has almost no access to the tools and data that are needed to efficiently operate a business line. So what can be done? In this session, you will learn:
• Some of the fundamental differences in how business lines operate versus IT
• The challenges with the current tools in place in most IT environments
• Strategies for closing the gaps between the financial management needs of IT
• The benefits real financial management can have on your IT organization
How to Survive During Staff Cutbacks Denise Kalm, Director, Product Marketing
The IT world has changed. With job losses exceeding 400,000 in the last four years, survival in this New Age requires much more than just putting in a good day’s work. The tools and strategies you need include: career assessment, "managing up,” personal public relations, networking and much more. Learn how to outwit, outplay and outlast the competition – to thrive, instead of just survive – in this presentation.