IT Financial Management
The easiest way to achieve complete cost transparency in IT
Analyze, plan and allocate costs quickly and effectively.
Make smart decisions right at the point of decision making with Bee360 for IT Financial Managementwith always up-to-date financial and operational data. It clearly shows you where the costs are incurred, how the prioritization of expenses is determined, and what risks are considered.
As the leading financial management suite, Bee360 provides you with all relevant KPIs, whether you want to work with your own financial model or adopt existing approaches such as the Technology Business Management (TBM) model.
Analysis
Lay the foundation for global governance. Industry standard cost models (Bee Approach, TBM, CIGREF and others) provide a logical taxonomy and allow you to leverage and integrate structures from your financial systems.
Identify your cost drivers on a data-driven basis and continuously optimize them. Use this information to build effective controlling from strategy implementation to operating costs. This way, you can identify financial opportunities that accelerate innovation.
Avoid unnecessary expenses by knowing what costs are coming your way. Optimize the use of your resources and integrate suppliers in a targeted manner, also with the help of automated variance analyses that take all planning statuses into account.
Planning
Ensure your platforms and applications deliver the best possible impact through distributed responsibility and enterprise-wide collaboration. Selectively replace expensive applications with limited value and implement forward-looking architectures and roadmaps.
Minimize data entry efforts by using existing data from surrounding systems (ERP, IT) via standard connectors. The missing data is collected centrally or decentrally and automatically processed and calculated.
Bee360 is suitable for small, local IT as well as for global corporations. There you get the purchase quantities of services by intelligent recording or extrapolation. Manage new requirements selectively and avoid unnecessary duplication of applications, whether you have a centralized or federated operating model.
Accounting
The calculation of the settlement and the transfer to the financial system are automated. Whether for internal, group-wide or external invoicing. Billing information is also automatically generated and delivered by email or made available through the portal. If corrections are required, you will receive them automatically from the system.
Achieve general consensus on technology investments by demonstrating the value that IT provides with Bee360. Priority conflicts that are fought out on the backs of IT are a thing of the past. The clear service offer through the service catalog supports this additionally.
Avoid unnecessary IT through intelligent demand management. Distinguish between volume-driven and demand-driven cost changes. Encourage the introduction of new services or the discontinuation of existing services with the right subsidy strategies.
An isolated IT Financial Management?! What Forrester says about it:
“Technology executives need to understand and monitor not only the cost of technology, but also its contribution to revenue and ultimately the bottom line. The solution must be dynamic and adaptable to support different regional and international constraints, but also provide insights that enable executives to run scenarios and what-if analyses to make informed decisions about technology investments, service delivery, operating costs and contract values.”
Gordon Barnett
Forrester Principal Analyst
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Integration - Bee360 is your central point of truth
The standard connectors can be used to exchange all required information from the systems of SAP (e.g. R/3, S4 HANA, BW), Microsoft (e.g. Navision, Sharepoint), Service, BMC (Remedy) and many others for financial controlling.
"With Bee360, I can quickly and reliably show the value contribution of IT. This allows investment decisions to be made with confidence while optimizing operating costs."
Dr. Karsten Rech
CIO
Vonovia SE
Unbeatable ROI - implementation is 3x faster than other IT
- Bee360 reduces control effort by up to 95%. This saving is achieved exclusively through intelligent processes; the effort is not shifted to other parts of the organization.
- Bee360 creates easily accessible transparency at the desired granularity for all relevant roles, such as CEO, CFO, CIO, controlling, cost center, service and project managers, customers and suppliers, ...
- With integrated planning, you know what is going to happen - what resources are planned for what scope and what expenses are planned and with which suppliers they will be realized. This way you can determine what should happen. This creates enormous competitive advantages.
Let's Roll: How rolling forecasts enable agile financial management
The basis for efficient financial management is a transparent and integrated view of control-relevant data. Often this view has to be created manually and time-consuming. Avoidable costs are incurred and the speed of response is reduced. However, the increasing speed of change in today’s markets requires a high reaction speed in order to be able to respond flexibly to the constantly changing environment. In this white paper, learn how rolling forecasts can be used as a core element in various financial planning horizons and enable greater agility in financial flows.
Let's Roll: How rolling forecasts enable agile financial management
The basis for efficient financial management is a transparent and integrated view of control-relevant data. Often this view has to be created manually and time-consuming. Avoidable costs are incurred and the speed of response is reduced. However, the increasing speed of change in today’s markets requires a high reaction speed in order to be able to respond flexibly to the constantly changing environment. In this white paper, learn how rolling forecasts can be used as a core element in various financial planning horizons and enable greater agility in financial flows.
Whether you want to learn more about the platform, see Bee360 in action, deepen your knowledge of the underlying management concepts in our digital university, or engage with our community at an event – it’s all just a click away.