Saves time and avoids complex Excel workbooks.
Updated November 29, 2023
Saves time and avoids complex Excel workbooks.
Score 7 out of 10
Vetted Review
Verified User
Software Version
ApptioOne
Modules Used
- Cost Analytics (formerly Cost Transparency)
- Planning and Budgeting (formerly IT Planning)
Overall Satisfaction with ApptioOne
We implemented Apptio One, an IT Planning module, to address the challenges of using Excel to maintain a Budget, Forecast, and Actuals to help in planning and variance analysis.
- Replace complex, linked Excel worksheets and workbooks.
- Help with forecasting and changing expenses on a month-by-month basis.
- Provides total net expenses for the month, and for the 12 month period.
- We don't begin from "zero" in our fiscal year, and it's challenging to consider a beginning balance in calculations.
- Out of the box reporting reflects configuration to the ATUM data model, not changes to it.
Being able to upload Actual expenses from the ledgers allow us to update forecast based on actuals, offering a more accurate view of financial results and reporting of the same for executives. In addition, this helps with understanding how to reallocate funding to take advantage of emerging opportunities in our environments, both one-time expenses and entirely allocating ongoing funding to a new activity.
- Resources allocated to emerging services.
- Savings for one full FTE to maintain and develop excel tools.
- Forecasting accuracy has increased.
Do you think ApptioOne delivers good value for the price?
Yes
Are you happy with ApptioOne's feature set?
Yes
Did ApptioOne live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of ApptioOne go as expected?
I wasn't involved with the implementation phase
Would you buy ApptioOne again?
Yes
Using ApptioOne
8 - This is the internal finance team, using ApptioOne for daily forecast management and updates, and for reporting purposes.
2 - TBM Administrator training from Apptio; deep knowledge and understanding of internal financial processes and practices as well as the chart of accounts.
- Forecast Updates
- Reporting
- Variance analysis
- Easily change labor rates and allocation mid-year
- Automatica calculation of benefits rates
- Better reporting