Back to Newsroom
Back to Newsroom

Etelesolv Publishes "10 Best Practices for Creating a Culture of IT Cost Transparency"

Tuesday, 23 September 2014 11:30 AM

Topic:

Etelesolv Provides Advice on the Best Practices for Creating a Culture of IT Cost Transparency

- IT cost transparency helps businesses make better informed, data-driven decisions.

- It gets everyone thinking about the costs of the resources they use to conduct business

- Allows a company to maximize the benefits of putting an IT cost management system in place

MONTREAL, QC / ACCESSWIRE / September 23rd, 2014 / Etelesolv (www.etelesolv.com), Canada's leader in Telecom and IT Management, announced today the release of an ePaper entitled "10 Best Practices for Creating a Culture of IT Cost Transparency". This comprehensive guide is now available for download on the Etelesolv website.

Nitin Khatri, Vice President of Sales and Marketing at Etelesolv had this to say: "IT cost transparency brings a tremendous amount of value to an organization. It delivers much more than superior visibility and access to detailed information. IT cost transparency makes everyone within a business aware of their IT spending and in doing so, adds accountability for the costs they incur. Transparency provides serious strategic value that when managed well can enable a business to operate more effectively. Through the reduction of IT spending, organizations can also benefit from greater profit margins."

Studies show that the average enterprise's IT investment is now more than 4.2% of its annual revenues and are still rising. Moreover, because of the way some organizations make decisions about IT investment, as little as 20% of the IT spending is actually visible in the enterprise's overall IT budget. This means that business units are beginning to have their own IT budgets separate from that of the IT department.

Etelesolv's ePaper aims to help companies create a more transparent approach to Telecom and IT Management that will enable them to better manage rising costs. In the "10 Best Practices for Creating a Culture of IT Cost Transparency", Etelesolv covers the following topics and provides answers to the following questions:

Topics

- Enterprise Asset Management 2.0

- Cost allocation methodology

- Track everything for faster decision making

- Show end-users what they spend

Questions

- Why are allocating costs important to businesses?

- What data should be tracked?

- Why is it important to show end users what they spend?

- Why should a policy be implemented?

- Why should a feedback loop be created?

Within recent years the marketplace has grown and changed considerably. Organizations who fail to implement a culture of IT cost transparency are less informed and cannot make complete, quality data-driven decisions. Reading "10 Best Practices for Creating a Culture of IT Cost Transparency" represents a first step in better managing one's assets. Visit Etelesolv's website to download "10 Best Practices for Creating a Culture of IT Cost Transparency", available now.

About Etelesolv

With its global coverage, Etelesolv is leading the Canadian revolution of telecom and IT management by helping companies Take Back Control of their Telecom expenses and IT assets. Etelesolv's software platforms, Telemanager and Cimpl, bring together actionable real-time data and everyday processes to ensure that Companies know what they have and what it costs at any given time. For more information, visit www.etelesolv.com.

About Cimpl

Cimpl is a software platform that brings together actionable real-time IT and Telecom data. It goes beyond telecom expense management, Cimpl is the most accurate and concise way to get information on every single technology asset across a company. With one convenient and simple dashboard, all the information is centralized and accessible through a fully customizable reporting portal. Cimpl is an all-in-one software where you can connect information, clarify data and control all of your IT and Telecom assets. For more information on Cimpl by Etelesolv, visit www.cimpl.com.

Contact:
Caroline Le Brun
Marketing Manager
Etelesolv
514-949-4418
[email protected] 

SOURCE: Etelesolv 

Topic:
Back to newsroom
Back to Newsroom
Share by: