Windows Seven HP Unveils IT Financial Management S

Hewlett-Packard, the world’s most significant engineering company, announced an answer in its IT Economic Management portfolio, HP Fiscal Organizing and Evaluation, designed to support CIOs to run IT like a company and show the organization price of IT services. HP says the remedy brings jointly computer software and solutions to provide improved visibility, governance, accountability and predictability to IT finance.


The company’s FP&An answer is the first offering in the ITFM portfolio built to support IT organizations use business analytics to improve decision-making, operate more efficiently and align more closely with the rest of the company, molding IT into a performance-based, metrics-driven organization. With the HP IT Financial Management portfolio, businesses can take on financial 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 software with improved fiscal and resource management capabilities.


HP FP&A application combines a monetary preparing and evaluation capability linked to a financial data model. It consolidates financial information from project, asset and configuration management systems,Windows Seven, as well as ERP (enterprise resource preparing) computer software. The software program automates the process of consolidating monetary information across labor and technology assets for monetary analysis. HP FP&A can be run as a stand-alone application or in conjunction with other HP computer software 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 software program products and recognized consulting expertise in organization intelligence,HP pavilion dv6000 battery, Replacement hp pavilion dv6000 battery, service management and IT computer software implementation,” said HP’s executive vice president of software and solutions Thomas Hogan. “We assist CIOs manage the business of IT with the same rigor as any line of business.”


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 enterprise priorities. In addition, while 66 percent of senior IT leaders said IT-spending transparency is “very important” to their company 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 Financial Management, their company 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.”