IT Finance

“A budget is, telling your money where to go instead of wondering where it went.” David Ramsey, Best Selling Author, Businessman and Radio Host

Funding your IT Department

Business environments have phenomenally increased in perplexity and are heading towards further complexity with the pace of technological innovation and its effects on markets and customers. Organizations are obliged to keep up with the uncertain, complex, and ambiguous (VUCA) business environment. As many organizations heavily invest in new technology infrastructure, business solutions, and software tools, operational costs of Technology Departments are skyrocketing. Chief Information Officers (CIOs) need to have a more robust approach to setting technology budgets.

A Budgeting Solution for IT

Traditionally, the Activity-Based Costing (ABC) was used in finance to show how much money individual products are making or losing, to generate a better understanding of the actual costs of goods and services. Adopting Activity-Based Costing for IT can help you optimize your technology department budget and tailor it to suit your organization.

ABC allows you to:

Effectively and directly link your IT services with expenses
Benchmark IT costs
Enhance your procurement decisions and the, ‘make or buy’ analysis

Empower Your Business With Tadafur’s Financial Expertise

In today’s VUCA business landscape, organizations need assistance in setting an IT budget. Third-party organizations provide an objective view of finances needed to reach strategic goals. Qualified and seasoned professionals at Tadafur can help with managing IT financing by providing the following services: