IT Financial Management – But what about National Debt Financial Management?

Here we go again.  

At least in the U.S., the politics of our national budget and what has become an all-too-common crisis du jour.  It’s probably the number one political shouting match here in the US.  (We’ve gone beyond civil debate, discussion, or what normal adults do to communicate with each other; now, it’s all about who can shout the loudest)

“CUT ALL ENTITLEMENTS”                      NO                               “RAISE TAXES ON THE WEALTHY”

And so it goes back and forth, and nothing seems to get done.  Wait.  

You’re not reading Politico.com, (are you?) No, our focus is on how you lead, manage and deliver excellent IT services and projects. 

Budget challenges are not isolated to the government, but they are ubiquitous and common to all business divisions, especially IT.   But, you can’t magically raise a debt ceiling and print more money and most IT departments don’t have the option to temporarily furlough employees (at least not if you want to keep them). You’ve got to make your numbers, or find some other occupation.

Do you have the tools, information and insight you need?   Up until now, your primary weapon has probably been a spreadsheet, probably a mega spreadsheet with 5, 10 or 20 tabs.  You see, we’ve built an IT Financial Management (ITFM) solution called HP Financial Planning and Analysis to help you seize the day and take control of the ubiquitous budget struggles that almost all IT organizations face.

With HP ITFM, you are able to assemble the disparate data from a variety of systems, Asset information from Asset Manager, Project and Time data from PPM – giving you a complete picture of your operational andFPA 1.0.png strategic spending.  ITFM helps you visualize how your budget is performing and where you need to take action.  Essentially, ITFM can be your GPS to navigate the financial challenges of running a modern, complex IT environment.   Without the capabilities of ITFM, your financial information is typically out of date and often inaccurate.  It would be fair to say that you’re flying blind, or at least without modern instruments. Don’t have HP Asset Manager or PPM? Don’t worry, we can take data directly from that mega-spreadsheet you’ve been working on. 

So, what do you do when you need to raise your debt ceiling?

If you’re interested in HP ITFM, you can follow us at the HP ITFM/ PPM Blog  or even follow us @HPPPM on Twitter

Article source: HP PPM Blog

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