ClearCost

ClearCost IT Financial Management Software is a solution designed to assist leaders in effectively managing and communicating the cost, quality, and value of the IT services they provide to their organization. According to the vendor, ClearCost is suitable for companies of various sizes, including small, medium, and large enterprises, and caters to a wide range of professionals and industries. IT leaders and executives, finance professionals, CIOs and CTOs, IT financial analysts, and IT service managers, among others, can benefit from ClearCost's transparent and efficient IT financial management capabilities.

Key Features

Bill of IT: ClearCost's Bill of IT software offers a transparent and defensible bill to business partners, simplifying the translation of costs and consumption. It accurately recovers costs and automates precise allocation of IT costs, while also communicating the value IT delivers to the business and enhancing transparency into the cost of IT. The software can be customized to align with the organization's objectives and generates easily understood reports.

IT Budget Planning Software: ClearCost's IT Budget Management Software automates planning and variance analysis, streamlining the budgeting and forecasting process. It reduces planning time, minimizes budget variances, and promotes accountability by providing in-depth analysis of labor, assets, and vendor contracts. The software supports multi-year scenarios and enables continuous forecasting across multiple years.

IT Cost Transparency Software: ClearCost's IT Cost Transparency software presents a unified view of IT financial and operational data, revealing insightful information. It demonstrates the value IT delivers and enhances transparency into the cost of IT. The software facilitates intelligent decision-making, aligns costs with profitability objectives, provides visibility across cost centers, and automates analysis for actionable insights.

IT Benchmarking: ClearCost's Benchmarking feature allows organizations to compare their IT costs with other industry peers. It enables accurate comparisons to rationalize spending decisions, providing continuous performance tracking and identifying areas for improvement. This feature helps align IT investments with industry standards and supports securing new funding based on relevant metrics.

Professional Services: ClearCost offers a range of services to assist with the implementation and ongoing support of the ClearCost solution. The vendor provides a rapid deployment model with a 90-day implementation target and utilizes proprietary data gathering software for efficient implementation. Additionally, ClearCost offers process maturity assessment and evaluation of existing staff to maximize value extraction.

Service Optimization: ClearCost's Service Optimization feature provides transparency of IT spend from both technical and business service perspectives. It measures the financial impact, enabling improvement and demonstration of efficiency. The software correlates operational IT data with financial data to provide a comprehensive understanding of value and performance. It also automates ongoing measurement and tracking of key metrics for IT services and products.

Technology Business Management: ClearCost supports the Technology Business Management (TBM) framework, driving accountability and informed decisions. The software provides comprehensive solutions for cost transparency, budgeting and planning, service optimization, and benchmarking. ClearCost enables data-driven decisions and helps IT leaders effectively communicate the value of IT to the business.