Genuine Office 2010 HP Unveils IT Financial Manage

Hewlett-Packard, the world’s most significant technologies firm, announced an answer in its IT Financial Management portfolio, HP Economic Organizing and Analysis, designed to aid CIOs to operate IT like a enterprise and show the business value of IT solutions. HP says the resolution brings with each other software program and providers to supply improved visibility, governance, accountability and predictability to IT finance.


The company’s FP&A solution is the first offering in the ITFM portfolio made to help IT organizations use enterprise analytics to improve decision-making, operate more efficiently and align more closely with the rest of the enterprise, molding IT into a performance-based,Genuine Office 2010, metrics-driven organization. With the HP IT Economic Management portfolio,HP Technology Forum 2010 Keynote Sessions, businesses can take on economic 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 with enhanced financial and resource management capabilities.


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


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 Financial Management, their organization is driving the monetary accountability of the technology 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.”