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Achieve Financial Clarity in IT: Comprehensive Budgeting and Cost Recovery with Proven Optics

August 22, 2024 | 2 minute read
Proven Optics

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Proven Optics

Whether you’re managing cost centers, services, or cloud budgets, you have to establish budgets, plan long-term, and streamline approval processes. In other words, the dreaded “B” word. Budgeting. The goal? To always know how much budget you have left to spend, whether it’s for an app, a service, or your ever-expanding cloud expenses. 

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Upgrade your IT financial management with a precise financial lens directly into your ServiceNow® operational data, offering comprehensive coverage of planning, actuals, and chargebacks. These tools are designed to enhance your finance department’s efficiency, simplifying budgeting and cost management. Our approach positions you at the forefront of financial management. 

Comprehensive Cost Modeling for ServiceNow Applications 

Your IT resources are stretched thin, benefiting every department from HR to facilities, and you’re left figuring out how to do more with less. Enter cost recovery.  

Cost modeling helps in understanding both direct and indirect costs. It’s about building a comprehensive view of all costs, including backup costs, people costs, and consulting agreements. The cost model acts as a taxonomy, helping to piece together all these costs into a coherent structure. 

Overcoming Data Challenges with Proven Optics 

We won’t leave you wrestling with multiple data sources and collaboration gaps, Proven Optics offers a streamlined solution. We understand that your organization already possesses the necessary data—it’s just a matter of bringing it together. Our platform is designed to do just that, providing the most unified and efficient approach to financial data management. 

Achieving Complete Visibility and Control 

We offer more than surface-level insights, our focus on budgeting, cost modeling, and cost recovery provides clients with unmatched visibility and control over their financial data. We don’t just present data—we empower you to make more informed decisions by giving you a comprehensive understanding of the total cost of ownership for IT services. Our solution is designed to go deeper, offering unparalleled clarity and precision. 

Let’s make IT finance fun (or at least less painful) together. Explore Proven Optics suite of ServiceNow natively-built applications today.