Software-as-a-service IT financial management specialist Digital Fuel
unveiled Version 7 of its IT financial management platform, enabling teams to
collaborate in budgeting, planning and cost optimization. The platform is a set
of SAAS business applications that automate processes for IT business
management through proactive planning, billing and cost optimization
capabilities.
Advances in the new version include a new module for IT budgeting, which
automates the creation of IT budgets based on historical data, demand and
business objectives; enhanced “what-if” analysis to enable side-by-side
comparisons of alternative approaches and different cost models; and new visual
cost modeling capabilities to simplify use for IT, finance and business users.
Other features include automated cost optimization, which recommends specific
strategies for storage, servers and business applications; and simplified data
management that streamlines use of disparate data sources with automatic data
uploading, cleansing and mapping to cost model and business objects.
"Digital Fuel is our backbone for managing the business of IT. We
use Digital Fuel's IT Costing, Showback Chargeback, SLM
KPI Management and Vendor Governance. We are delighted to have the
opportunity to define this speedily evolving space," said Larry Krieb,
vice president of global information services of Estee Lauder.
Barbara Gomolski, managing vice president at IT research firm Gartner, said
simply put, it is unacceptable to have poor visibility into IT spending. “For
IT to play a strategic role, they must keep score,” she said. “Companies we've
worked with have used IT financial management solutions to quickly identify
issues and make changes that directly impact business results.”
Digital Fuel's IT financial management platform is built to manage IT from a
business perspective. The suite of applications is designed to automate the
essential processes necessary to control IT spending, including IT Costing, IT
Budgeting, IT Showback and Chargeback, IT SLA and KPI, and IT Vendor
Management.
“Increasingly, companies around the world understand the connection between
smart IT budgeting, cost and value management and business growth. Our new
Version 7 supports this new dynamic with incredible capabilities that support
collaboration while enabling the ease of use that the diverse types of users in
IT, finance and the business require,” said Yisrael Dancziger, president and CEO
of Digital Fuel. “Digital Fuel has always been devoted to ensuring that
our customers see tangible value quickly and ongoing, and the new Release 7
enables even more and faster value.”
In December, financial services company First Horizon National announced
Digital Fuel will automate the company's IT financial management processes. Led
by new and expanded business from major customers including Catipta, Deutsche
Bank, First Horizon, Starwood, TELUS, Time Warner Cable, Walgreens and many
others, Digital Fuel logged an increase in committed monthly recurring revenue
for the second quarter of this year.
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