Key Office 2010 HP Unveils IT Financial Management

Hewlett-Packard, the world’s most significant technology organization, announced a solution in its IT Fiscal Management portfolio, HP Financial Preparing and Evaluation, built to aid CIOs to operate IT like a organization and demonstrate the company price of IT solutions. HP says the solution brings together application and companies to supply enhanced visibility, governance, accountability and predictability to IT finance.


The company’s FP&A solution is the first offering in the ITFM portfolio designed to aid IT organizations use organization analytics to improve decision-making, operate more efficiently and align more closely with the rest of the organization, molding IT into a performance-based, metrics-driven organization. With the HP IT Financial Management portfolio, businesses can take on fiscal evaluation, project portfolio management and asset management capabilities to drive out inefficiencies in IT spending, HP said. HP also announced a newly enhanced version of HP Project Portfolio Management Center 8.0 application with enhanced fiscal and resource management capabilities.


HP FP&A software program combines a monetary preparing and analysis capability linked to a monetary data model. It consolidates economic information from project,Office 2010 Professional Product Key Microsoft Windows Server 2008 Datacentre Ed, asset and configuration management systems, as well as ERP (enterprise resource arranging) software. The software automates the process of consolidating financial information across labor and technologies assets for monetary analysis. HP FP&A can be operate as a stand-alone application or in conjunction with other HP application products such as HP Project Portfolio Management Center, HP Asset Manager and HP Configuration Management System.


“Customers can achieve successful IT monetary management with HP’s market-leading computer software products and recognized consulting expertise in enterprise intelligence, service management and IT software program implementation,” said HP’s executive vice president of software program and solutions Thomas Hogan. “We assist CIOs manage the organization of IT with the same rigor as any line of enterprise.”


In a survey of more than 200 IT leaders worldwide conducted by PSB Research in May 2009, nearly half of the respondents said they lack investment rigor and have no form of portfolio management in place for aligning IT investment decisions to business priorities. In addition, while 66 percent of senior IT leaders said IT-spending transparency is “very important” to their business stakeholders, only 44 percent reported that their stakeholders are “very satisfied” with their organizations’ spending transparency.

Jeffrey Johnson, deputy chief information officer and vice president of Operations and Infrastructure at Constellation Energy,Key Office 2010, a Baltimore-based supplier of energy products, said with HP IT Monetary Management, their business is driving the financial accountability of the engineering organization. “We’ve benchmarked our IT spending in relationship to our operational expenses, and it is substantially lower than that of our peers,” he said. “Our unit costs – meaning cost per desktop, per server, per gigabyte of storage – have dropped 14 percent.”