PROBLEMS WE SOLVE - BY ROLE

Chief Information Officers

IT budget management is a core responsibility for CIOs. It is also frequently a huge pain point. The application stack needs to be continuously optimised based on cost. Large modernisation efforts need proper oversight. Cost allocation and chargeback discussions are often contentious. Discovering hidden costs is a never-ending process. And while managing cloud costs across the organisation is everyone’s priority, it is ultimately the CIO’s responsibility. MagicOrange offers CIOs advanced financial management solutions for their entire IT estate, offering up the clear line of sight into cost drivers needed to make informed investment decisions.

Streamline Spend

With Data Driven App Rationalisation

Modernise Infrastructure

Knowing Cost And Return

Allocate Costs Cleanly

To Produce Indisputable Chargeback

Digital Transformation Feels Elusive . . .

Modernisation initiatives present a unique challenge for CIOs. They face significant uncertainty about where to prioritise their efforts. While they often know what to do, sequencing projects and providing IT teams with focus is more of an art than a science without proper data. What’s first? Optimising the application stack? Selecting the next round of assets for cloud migration? Providing detail and transparency to chargeback methodologies? Each of these – and more – competes for the CIO’s time and attention.

. . . Without Knowing Where To Start

CIOs continue to face significant hurdles driving clarity around project prioritisation. Application rationalisation is impeded by complex – often dated – legacy financial tracking processes and systems. The lack of clear data on TCO makes picking the right modernisation efforts extremely challenging. And without the right platform for capturing utilisation and cost data, IT project plans and funding proposals are often met with resistance and skepticism by stakeholders.

87^%

CIOs More Involved Leading Digital Transformation

than their business counterparts

CIO: State of the CIO | 2024 Survey

common Challenges For CIOs

Smart Application Rationalisation

Without question, optimising the application stack is a core responsibility for CIOs. Without ongoing rationalisation, they risk maintaining redundant or underutilised applications, leading to a bloated “run” budget. A lack of focus on rationalisation can also effect compliance, governance, and operational efficiency.

Sustainable IT cost management for CIOs

By optimising costs with an effective and ongoing application rationalisation process, CIOs can significantly reduce their “run” budget. These savings can fuel innovation projects or drive margin improvement. But – a successful application rationalisation process relies on having the right data insights at hand to be effective. Enter MagicOrange.

Explore how MagicOrange can help resolve wasteful IT spend

Selecting Modernisation Efforts

Before modernising assets or applications, it’s crucial to understand the current IT environment through a financial lens. Unclear insights into costs and returns can result in ineffective project prioritisation and diminished ROI. Without understanding cost and return, identifying the optimal candidates for digital transformation efforts resembles more of a guessing game than a strategy.

Rigorous IT budget management fuels smart resource optimisation strategies

By strategically selecting modernisation efforts based on thorough financial analysis and performance metrics, organisations can invest in modernisation efforts wisely. But driving good investment decisions relies on having trustworthy data, a clean cost model and granular reporting capabilities. It requires financial transparency of the highest order. And MagicOrange is purpose built to drive the transparency CIOs need.

Learn how MagicOrange helps guide digital transformation

Implementing Clean Chargeback

A clear and consistent chargeback program fosters accountability and helps engage business line stakeholders in the IT investment decision making process. It builds trust for the IT function across the organisation. To implement well accepted chargeback programs, CIOs need to offer transparent chargeback methodologies, clear allocation rules and trustworthy source data.

IT cost transparency and stakeholder accountability

For these programs to be successful, stakeholders must understand the charges they incur. MagicOrange empowers CIOs to build a clean bill of IT – the base line requirement for any successful chargeback program.

Explore how MagicOrange enables chargeback programs with a clean bill of IT

Drive Strategic IT Oversight

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