what we do
The NEXT Generation of Scalable IT Financial Management
A Strategic Solution for Cost Allocation and Optimization
SHG ITFM solution is designed to seamlessly support IT cost optimization with our unique TCO framework. Our solution enables creation of proper IT Service Strategy, consolidates IT costs, ensures full transparency, and ultimately helps organizations increase IT spend efficiency.
The Growing Complexity of IT Financial Management
Today, IT budget managers face unprecedented challenges in cost transparency, which are hindering efficiency and, cost optimization. Some of the key cost related issues are highlighted in here:
Sources: Internal Research, Gartner, Survey, Industry Report.
Key Features
of SHG ITFM Solution
Improved Transparency and Accountability
Our solution aligns IT expenses with specific cost drivers, providing clarity in cost allocations and fostering collaboration between IT and business units.
Optimized Resource Utilization
By identifying areas of overspending or underutilization, we help organizations reallocate resources effectively to align with business priorities.
Enhanced Profitability Assessment
Accurate IT cost allocation enables revenue generating units to assess profitability, supporting better strategic planning and improved financial performance.
Simplified Budget Management
Clear insights into IT spending patterns simplify budgeting, allowing for accurate forecasting and efficient cost control.
Empowered Decision-Making
Comprehensive TCO framework empowers leaders to make informed decisions about IT infrastructure, scaling, or system upgrades.
Valuable Reporting Insights
Detailed reports provide actionable insights into cost components and resource management, while enabling retrospective analysis to define service level efficiencies.
How SHG ITFM Works
1
IT Service Strategy
Grouping IT services and products into groups and categories.
Enabling strategic IT cost allocation by defining key categories such as End User, Infrastructure, Application, and Internal to create a clear framework for cost distribution.
2
Data Import
Ensuring accurate data representation by integrating key financial documents.
Uploading three essential documents: the General Ledger (G/L), Account Hierarchy, and Cost Center Organizational Hierarchy, to enable precise calculations and analyses.
3
TCO Modeling Section
Categorizing expenses by configuring the Total Cost of Ownership (TCO) drivers to set the parameters for cost allocation.
Choose one between Simple, Intermediate and Full option for TCO driver complexity, with the flexibility to customize as needed and map accounts to drivers.
4
Cost Allocation Process
Distributing IT costs across defined services, products, and organizational units, ensuring alignment with business strategy.
Primary cost allocation assigns expenses from the cost centers to groups or services, while Secondary cost allocation distributes these costs across multiple cycles to determine the final IT Service cost.
5
Reporting and Analysis
Providing clear cost visibility and detailed insights into cost distribution to enable precise chargebacks, optimization, and informed decision-making.
All initial in-scope costs are fully transitioned from accounting expense categories into Service, Product, or Application costs, with an audit trail to ensure full traceability from the cost center to the product.
Why SHG ITFM?
Our IT Financial Management (ITFM) solution is built on 25 years of direct experience in Technology Business Management, incorporating industry best practices and custom-developed solutions.
Core Focus on TCO
The solution centralizes Total Cost of Ownership (TCO) to consolidate all IT costs, providing full transparency into costs for products, services, and applications. This approach enables organizations to manage IT as a business, ensuring efficient spend.
Quick Development and Deployment
Our strong relationships with niche application developers (both on-shore and off-shore) enable us to rapidly develop and deploy a minimum viable TCO solution for proof of concept (POC).
Cost-Effective Advantage
Our development capabilities offer a significant competitive price advantage, and our industry network will help us scale and reach Fortune 500 organizations seeking to optimize IT spend through transparency and efficiency.