IT Financial Management (ITFM) is an essential framework within business management that aims to maximize the efficiency and effectiveness of IT resources and investments. Through strategic planning and monitoring of IT costs, ITFM enables organizations to gain a clear overview of their IT cost structures and ensure that every investment in IT delivers measurable Business Value of IT. At a time when technology plays a central role in almost all aspects of business, ITFM is not only a means of controlling costs, but also an important factor in supporting business strategy and innovation.
CIO COCKPIT: IT Financial Management for making smart decisions faster
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