IT Budgeting & IT Demand Management

For many enterprises, IT demand and budget planning is one of their most time-consuming and error-prone business tasks. With so many moving parts — business objectives, demand, cost drivers, allocation rules, new technology, and organization changes — it's nearly impossible to create an accurate IT budget using manual methods or Excel, Access, and similar solutions. But how can you successfully run a business without an accurate, detailed IT budget?

Achieve Accurate, Fact-Based Planning

Digital Fuel's IT Financial Management (ITFM) IT Demand Management & Budget Planning is a SaaS business application that facilitates accurate, fact-based IT budgeting, planning, and forecasting. Using the application, you are able to create budgets based on actual usage combined with historic unit costs for all IT services. Such services include specific metrics, such as cost per head counts, cost per transaction, etc., while taking into consideration current business demands and future objectives. With IT Demand Management & Budget Planning, you are able to collaborate as a team to create and approve a detailed IT budget for IT services and their underlying cost drivers across lines of businesses, geographies, product lines, and other business dimensions.

Now everyone from IT including product, technical, and business service owners, to business owners including IT consumers, business units, P&L, and geographies can collaborate to create one realistic budget as well as easily track actual versus budget forecasting, while regularly analyzing and re-forecasting as needed. This proactive control enables enterprise to gain clear predictability about their IT spending and profitability.

The Value of IT Demand Management & Budget Planning

• Lower IT costs by proactive control and visibility
• Gain predictability
• Automate error-prone manual efforts

Key Capabilities

• Gather and manage IT demand
• Automate creation of detailed IT budgets for services and their underlying cost elements based on demand, historical metrics, business goals and objectives, and more.
• Automate the creation of detailed IT budget for all LOBs, geographies, product lines, and IT services
• Automate the approval and review process across the entire team
• Track actual vs. budget along with causes for variances
• Automate re-forecasting as the business changes and evolves

Sample of Out-of-the-Box Reports

• Demand of service by LOB
• Demand vs. capacity by service
• Next year's budget and usage forecast by LOB and service
• Actual vs. budget by LOB, geography, product line, and service line
• Overrun root case analysis
• Top budget overruns by LOB, geography, product line, and service line
• Overrun forecasts
• Historical spend metrics

IT Budgeting Process Flow Diagram

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IT Budgeting Screenshots

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