​Because technology is mission critical to most business strategies, Information Technology (IT) costs are one of the biggest areas of back office spend. The CFO and CIO must ensure: 

  • The alignment of spend with business strategy 
  • Cost effective delivery of business applications and end user services to run the business efficiently 
  • Coherent project portfolios required to grow and transform the business 

Additionally, with many companies establishing Technology Shared Service Centers, pressure is placed on the CIO to operate the business of IT with the same financial disciplines the CFO requires of all lines of business. The CIO must connect the value of IT services and capabilities to internal business partners. To achieve this, IT Finance teams require performance management solutions that are IT specific, yet are connected to Finance, to ensure efficient allocation of resources and effective delivery of internal services. 

In this webinar, Mike Killeen and Bart Stoehr share how Edgewater Ranzal partnered with Oracle EPM Product Management to define and deliver an IT specific domain starter kit now available on the Oracle Cloud Marketplace. The solution, built on Oracle Profitability Cost Management Cloud Service (PCMCS), allows IT Finance to model IT costs and pivot from a Finance to Resource to Service to Consumer view, providing actionable perspectives through IT Costing, IT Showbacks, and IT Chargebacks. The presentation provides: 

  • An overview of business needs found within an IT Financial Management solution 
  • An overview of solution capabilities – including data model, pre-built metrics, and reports 
  • A walk through of a demo application