In a time when IT costs are continuously rising and companies need to use their resources more efficiently, IT Financial Management (ITFM) and Technology Business Management (TBM) are becoming increasingly important. But what exactly are ITFM and TBM, and why should a company care? ITFM is the discipline focused on
ITFM brings it all together – because the role of IT in organizations is evolving rapidly. Once viewed merely as a cost center, IT is now a key driver of innovation, automation, and competitiveness. With growing reliance on cloud technologies, digital business models, and data-driven decision-making, IT is becoming increasingly
In ITFM, there are several key perspectives on IT costs. That’s because, in many companies, IT and finance departments operate in entirely different worlds. While IT focuses on technological innovation and system performance, finance teams prioritize numbers, profitability, and cost efficiency. These different viewpoints often lead to misunderstandings, inefficient budget
Do you need a new TBM solution? Managing and controlling IT costs has become a strategic necessity for many companies. But what happens when the tool you’re using becomes more of a burden than a benefit? If your ITFM or TBM solution can no longer keep up with your requirements,
When your TBM software becomes too complex for value.
Digital business models, new challenges: A development that particularly affects the IT organization of companies. Until recently, IT was an on-demand service provider, but in future it will play an active role in shaping business. The age of the IT manufacturer is coming to an end – the age of
Do you know Mr. “We’ve always done it this way”? Then you also know that his last known address was “Company Success St. 0”. We don’t recommend a visit – meetings are held there to discuss whether IT and business should be kept strictly separate. We see it differently. In
The polymath Galileo Galilei once said that mathematics is the alphabet with the help of which God described the universe. So numbers are important. Galileo and modern IT agree on that. Just like Galileo, IT saw early on that numbers can be more than a mere sequence of digits. They
Dialogue between management and IT departments is the basis for the Business Value of IT What is the value of IT in my company? More and more managers are asking themselves this question. If the business value of IT is to be determined, classical controlling reaches its limits. But how
