IT Financial Management
I consult with enterprise class clients. My general conclusion is that most shops do NOT do a very good job of financial management. I personally believe this is due to technical people not liking financial matters and financial people not understanding technology.
When I perform an IT infrastructure financial assessment, I am often creating something from a bunch of disparate, out-of-date, disjointed sources, to which I always have to make a bunch of assumptions that place risk on the accuracy of my conclusions. I can't even count how many asset registers have large financial records just labeled "IT Equipment" or "Computers", or PC's being depreciated over 5 years. The good news is that I have been running IT infrastructures for 20+ years and have created my own financial management capabilities enough times, that the degree of risk is mitigated. I'm getting pretty good at matching such records to installed dates on hardware inventories. Enough blatant self promotion.
So, I read this article with interest. The concept is phenomenal. I want to see a demo RIGHT NOW!!! Of course, it is not even in BETA yet, so I will have to wait. When I do finally get to see it, I do NOT expect it to be perfect. I just hope that it can begin to help IT shops automate giving IT (and business) management a view towards the true costs of IT services.
BEST OF LUCK. Keep us posted.