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Hewlett-Packard, the world’s largest technology organization, announced an answer in its IT Economic Management portfolio, HP Fiscal Preparing and Evaluation, designed to assist CIOs to operate IT like a organization and show the company appeal of IT services. HP says the remedy brings collectively software program 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 built to aid 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 Economic 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 program with enhanced fiscal and resource management capabilities.


HP FP&A software combines a monetary preparing and analysis capability linked to a monetary data model. It consolidates financial information from project, asset and configuration management systems, as well as ERP (enterprise resource planning) computer software. The computer software automates the process of consolidating monetary information across labor and technologies 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 computer software products and recognized consulting expertise in business intelligence, service management and IT software implementation,Office Home And Business 2010 Product Key,” said HP’s executive vice president of software program and solutions Thomas Hogan. “We aid CIOs manage the business 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 organization 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 Economic Management,Buy Office 2010 HP PhotoSmart e-All-in-One D110a R, their firm is driving the fiscal 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.”