A consumption-based Product costing ensures investments in high growth areas
A single source of truth with a repository of advanced investment metrics
Granular, bottom-up analysis of costs
A consumption-based product cost model ensures investments in high growth areas
"Excel-magic" has its limitations.
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
When the value of complex systems is not framed correctly, the oft repeated expression - "Beauty is in the eyes of the beholder" holds true.
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
such as Total Cost of Ownership (TCO), Unit Costs of Infrastructure
drives changes to behaviour
typical reductions in manual effort when compared to Excel
Consumption-driven cost increases drives accountability
Technology costs expressed in terms the business understands
Create granular transparency tied to financial value
improved product investment decisions
Often shared, indirect costs such as Technology can drive a sense of frustration that can be resolved through transparency
Generate accurate metrics for robust, reliable decisions such as TCO (Total Cost of Ownership), Fully loaded costs, Unit Costs
Speed of decision-making is critical in the current age of hyper-turbulence driven by macroeconomic and geopolitical headwinds
Availability of advanced metrics and benchmarks offers multiple perspectives to understand what cost components are driving costs
Shift the conversation from cost to value delivered by demonstrating the value of Services delivered
Structural costs are harder to exit due to how deeply engrained they are
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