Technology business management 2018-09-06T11:33:53+00:00

TECHNOLOGY BUSINESS MANAGEMENT

EXPLANATION

One of the key frameworks supported by Magic Orange is the Technology Business Management or TBM framework. By implementing Magic Orange using TBM framework principles you can be assured of a clear methodology for evaluating and managing IT and having the toolset to move the CIO from an expense centre to business driver.

KEY BENEFITS

Unlock cost optimisation opportunities in your business and save costs.

Align resources and effort on the products and services that drive the most value.

Maximise the value from your technology investments.

Provide the agility required to transform your business to exploit innovation and new opportunities.

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WHO WE HELP

CIO

Struggles to defend the true cost of IT and measure IT asset utilisation

• Clearly understand IT spend and total cost of ownership
• Make fact-based decisions
• Find opportunities to simplify, optimise, standardise, centralise, automate or renegotiate IT products, services or vendors

FINANCE

Experiences difficulty in understand and allocating complex IT costs

• Understand and manage the total cost of ownership (TCO) of IT products and services
• Create accurate budgets & forecasts that are easy to explain
• Help identify short term cost reduction opportunities
• Spend more time on data analysis and less time on data preparation
• Easily explain variations to stakeholders

BUSINESS UNITS

Has an incomplete view the allocated IT costs

• Have the transparency to make smart decisions concerning the use of IT
• Stop inefficient usage of IT
• Receive a true profit margin for delivering services and products to market
• Understand how IT investment aligns with business strategy

QUESTIONS ANSWERED

IT

• What is the true cost of delivering IT services to the business?
• How much IT spend is on innovation versus operational?
• Are existing IT investments being used efficiently?
• Are existing IT investments being used efficiently?

FINANCE

• Across which products and services is spend spread?
• How does spending on specific shared service resources compare with what was budgeted?
• Which areas within shared services are attracting too much or too little investment?

BUSINESS UNITS

• How does the usage of shared services within the business affect the profit margin?
• Are shared services being used efficiently?
• What is the true cost of each revenue generating business unit?