Microsoft Office Enterprise 2007 HP Unveils IT Fin

Hewlett-Packard, the world’s biggest technologies company, announced an answer in its IT Economic Management portfolio, HP Monetary Organizing and Analysis, built to aid CIOs to run IT like a business and demonstrate the company worth of IT services. HP says the remedy brings jointly software and providers to supply improved visibility, governance, accountability and predictability to IT finance.


The company’s FP&A solution is the first offering in the ITFM portfolio built to aid IT organizations use organization analytics to improve decision-making, operate more efficiently and align more closely with the rest of the organization,Microsoft Office Enterprise 2007, molding IT into a performance-based, metrics-driven organization. With the HP IT Monetary Management portfolio, businesses can take on financial analysis, 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 software program with enhanced monetary and resource management capabilities.


HP FP&A computer software combines a financial planning and analysis capability linked to a fiscal data model. It consolidates fiscal information from project, asset and configuration management systems, as well as ERP (enterprise resource arranging) application. The software program automates the process of consolidating financial information across labor and technological innovation assets for economic analysis. HP FP&A can be operate as a stand-alone application or in conjunction with other HP software products such as HP Project Portfolio Management Center, HP Asset Manager and HP Configuration Management System.


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


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 company 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, a Baltimore-based supplier of energy products, said with HP IT Fiscal Management, their firm is driving the economic accountability of the technological innovation 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.”