for CIOs and Technology teams
Technology Business Management software to drive business performance
Enabling the CIO’s key priorities
According to Evanta, a Gartner firm, 2023 CIO key
To support these objectives, CIOs need a number of advanced capabilities. Our Technology Business Management software support this out-of-the-box.
Increases efficiency
A consumption-based Product costing ensures investments in high growth areas
Supporting Digital business acceleration
A single source of truth with a repository of advanced investment metrics
Optimising cost
Granular, bottom-up analysis of costs
Supporting growth
A consumption-based product cost model ensures investments in high growth areas
the challenges it solves
The current process to Cost Management is manual & error-prone
"Excel-magic" has its limitations.
Lack of clear understanding of Technology Spend
There are significant operational limitations to bottom-up, granular cost data and cost levers - all of which impacts the granularity and transparency of your Technology Spend
Struggling to demonstrate IT Value
When the value of complex systems is not framed correctly, the oft repeated expression - "Beauty is in the eyes of the beholder" holds true.
Struggling to fund innovation
When the Technology budget is mostly consumed by BAU activities leaving little-to-no funds for exploring innovative Technologies such as AI - CIOs need to identiy efficiencies to fund innovation.
CostLens delivers on your FY23-24 agenda
Automation of cost insights that eliminates waste and drives efficiency
The TCO (Total Cost of Ownership) of Services surfaces indirect costs that enables Service Owners to easily identify waste and optimise service costs.
Similarly, the fully loaded costs of Functional Groups drives accountability with Heads of shared Infrastructure Leads such as database lead, Server lead, etc
Demonstrate value of Technology investments in relatable terms
While the traditional approach relies on expressing variance in terms of familiar financial ledger dimensions such as cost-centre, legal entities, etc; CostLens can express this variance in terms familiar to your audience such as variance of Functonal Capabilities or your Service Portfolio.
All this despite cost uplifts.
A pre-built Cost modelling engine aligned to industry-standards
An out-of-the-box engine with pre-defined cost algorithms that understands the cost domain - so simply uploaded your data and the system will do the rest.
If you are interested in expressing your costs in terms of Supply and Demand economics, talk to us
choose a convenient time-slot between multiple meeting formats
CostLens brings the power of big-data analytics to deliver huge benefits
Generates advanced metrics of complex cost structures
such as Total Cost of Ownership (TCO), Unit Costs of Infrastructure
Consumption-based billing
drives changes to behaviour
~ 80%
typical reductions in manual effort when compared to Excel
Articulate business-led demand
Consumption-driven cost increases drives accountability
Offers transparency of opaque costs
Technology costs expressed in terms the business understands
Manage Technical Debt
Create granular transparency tied to financial value
Surface true BU/ Product profitability
improved product investment decisions
indirect benefits
Transparency offers a sense of control
Often shared, indirect costs such as Technology can drive a sense of frustration that can be resolved through transparency
Improve confidence in investment decisions
Generate accurate metrics for robust, reliable decisions such as TCO (Total Cost of Ownership), Fully loaded costs, Unit Costs
Improves agility
Speed of decision-making is critical in the current age of hyper-turbulence driven by macroeconomic and geopolitical headwinds
Enables Cost Optimisation
Availability of advanced metrics and benchmarks offers multiple perspectives to understand what cost components are driving costs
Demonstrates the value of shared costs
Shift the conversation from cost to value delivered by demonstrating the value of Services delivered
Lower structural costs by 15% - 20%
Structural costs are harder to exit due to how deeply engrained they are
Our views on trending CIO-related topics
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