Why ITFM Tools are Crucial
Solving IT Cost Transparency
Many organisations struggle with a lack of visibility into their overall IT costs. MagicOrange’s platform addresses this problem by providing an easy-to-use dashboard that simplifies the identification and management of IT spend across all divisions, enhancing overall cost transparency.
Industry Predictions
Gartner predicts that by 2024, 70% of CIOs will have adopted ITFM systems to clarify and analyse total IT spend. Early adoption of purpose-built tools like MagicOrange is crucial for managing growing cost model demands, allocation flexibility, and data complexity.
A Turning Point – Organisations Must Adopt ITFM
Economic Instability Driving Adoption
Businesses often overlook cost transparency during prosperous times but prioritise it during economic downturns. With economic instability and high inflation, more organisations are turning to MagicOrange’s cost transparency platform. Adopting an ITFM tool now prepares businesses for future financial challenges, ensuring they have solutions in place to manage costs effectively.
The Implementation and Consultancy Challenge
Bridging the Gap
There is a significant gap between ITFM platforms and consultancy services. MagicOrange bridges this gap with a practitioner-led approach and the ITFM Pathway to Success framework. This framework provides a series of planned steps to drive cost optimisation throughout the organisation by approaching savings initiatives systematically and holistically, from the perspective of both IT supply and business demand.
Implementation Process
Cloud-Native Advantage
MagicOrange’s cloud-native tool supports global implementation, providing scalability, reliability, and security. This approach ensures businesses can implement the ITFM tool from anywhere, leveraging the benefits of a cloud-based solution.
Steps in the ITFM Pathway to Success
Step 1: Assess & Plan: Review the IT strategic plan, current and future goals, and alignment with the business strategy.
Step 2: Service Definition: Ensure transparent charges for IT services and business understanding.
Step 3: Data Readiness: Achieve cost transparency and implement showback/chargeback to the business.
Why MagicOrange is the ITFM Tool of Choice
Recognised by Industry Leaders
MagicOrange is recognised by Gartner, Forrester Research, and OMDIA as a leading ITFM tool. Its flexible approach accommodates various taxonomies and extends beyond IT to include other business functions, providing comprehensive financial management.
Key Criteria for Selection
Capabilities of the Platform: User-friendly, self-service solution for IT and other business functions.
Cloud-Native Approach: Offers flexibility, reliability, scalability, and security for core business strategies.
Benefits vs. Value: Cost-effective, non-modular pricing without hidden costs. Consultancy services included in the subscription cost.
Customer Support Levels: Comprehensive support before and after implementation, ensuring successful adoption and benefit realisation.
MagicOrange’s Comprehensive Support
Customer Journey Assistance
MagicOrange provides continuous support throughout the ITFM/TBM and cost transparency journey. The solution offers detailed insights into profitability and cost management, enabling business transformation and future growth.
Selecting the right ITFM tool is crucial for optimising IT costs and achieving financial transparency. MagicOrange stands out with its unique value proposition, industry recognition, and comprehensive support. Contact MagicOrange today for expert guidance in optimising your IT and cloud costs.
