Windows 7 Professional HP Unveils IT Financial Man

Hewlett-Packard, the world’s greatest technological innovation firm, announced a solution in its IT Monetary Management portfolio, HP Monetary Planning and Analysis, made to aid CIOs to run IT like a enterprise and demonstrate the enterprise price of IT companies. HP says the remedy brings together software and solutions to supply enhanced visibility, governance, accountability and predictability to IT finance.


The company’s FP&An answer is the first offering in the ITFM portfolio built to assist IT organizations use organization 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 Fiscal Management portfolio, businesses can take on monetary 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 application with improved fiscal and resource management capabilities.


HP FP&A application combines a monetary organizing and evaluation capability linked to a financial data model. It consolidates monetary information from project, asset and configuration management systems, as well as ERP (enterprise resource preparing) software. The application automates the process of consolidating monetary information across labor and technology assets for economic 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 fiscal management with HP’s market-leading software program products and recognized consulting expertise in company intelligence, service management and IT computer software implementation,” said HP’s executive vice president of application and solutions Thomas Hogan. “We aid CIOs manage the organization 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 enterprise priorities. In addition,Windows 7 Professional, 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 Monetary Management, their organization 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.”