DRIVING PROFITABILITY

AND UNLOCKING VALUE

THROUGH COST

TRANSPARENCY

Spend Optics helps you to understand your profitability and costs, enables you to utilise assets efficiently, shows accurate profit margins and reduce manual effort. It provides actionable insights that will drive your business transformation and future growth.

CONTROL COSTS AND BUILD VALUE OF YOUR BUSINESS

Solutions

Technology Business Management

Reveal true costs and consumption of services, projects, infrastructure, apps and more.

Profitability, Costing
& Chargebacks

Unlock cost optimization opportunities in your business and save costs.

Planning & Scenario
Analysis

Predict future possible scenarios so that managers can more optimally allocate resources.

Business Focus

IT FINANCIAL MANAGEMENT (ITFM) / TBM

ITFM (& Technology Business Management) is an active program which enables a business to understand and optimize technology spend, improve investment governance and inform strategy. It is much more than an allocation and chargeback process.

Spend Optics can help you to leverage ITFM / TBM to drive cost optimization throughout your organization by approaching savings initiatives systematically and holistically, from the perspective of both IT supply and business demand.

IT-FINANCIAL-MANAGEMENT

PROFITABILITY & COSTING

For many enterprises, understanding the true cost and profitability of products and services is not easy. Frequently the costs related to creating products and services are complex and involve long value chains of activities and shared services such as IT.

Accurately model the complex provider-consumer relationships and allocate shared services costs using measurable and controllable drivers. Unlock cost optimisation opportunities for your organisation by producing targeted, actionable information relating to business costs.

PROFITABILITY-&-COSTING

SHARED SERVICES COST ALLOCATIONS

Cost allocations are vital to leveraging a Shared Services operating model. Cost Allocations and Cost modelling are often time consuming, resource intensive processes when tooling such as spreadsheets or legacy systems that are not really fit purpose are used.

Accommodate any cost allocation model and bring insight, stability, security and automation to your cost allocation process.

SHARED-SERVICES-COST-ALLOCATIONS

SHOWBACK & CHARGEBACK

Give your stakeholders insight that allows them to make astute consumption choices by providing highly granular results coupled with relevant reports and analytics. Wherever you are in your cost allocation journey, leverage MagicOrange to expedite your journey and increase your cadence, output, accuracy and insights of your allocation process. Move from annual time consuming and resource intensive manual processes to many automated iterations in a month.

What is Showback?
Showback is Showing your stakeholders insight into what their consumption and related IT/Shared Service allocation would be. Showback is typically informative and for management reporting purposes.

What is Chargeback?
Chargeback is simply show back that is then reflected into your organisation’s general ledger via a journal where consuming business unit’s consumption is recovered from them.

SHOWBACK-&-CHARGEBACK

PLANNING & ANALYSIS

Support finance’s efforts to manage financial planning, budgeting, modeling, and performance reporting. With MagicOrange, you can manipulate one or many cost drivers and immediately understand the change to the cost and profit of the products and services delivered.

Being able to plan and manage multiple scenarios such as budget, actual, forecast, move to cloud, outsource certain services are essential to your organisation’s effective cost management and strategic planning.

Reduce the turnaround time for budget and forecast cycles and spend more time gaining valuable insights.

PLANNING-&-ANALYSIS

COST OPTIMIZATION

With total cost transparency, uncover opportunities to reduce inefficient spend and redirect funds to higher value initiatives. Utilising MagicOrange you will promote cost accountability by cost center owners with clear facts around usage and cost.

COST-OPTIMISATION

ITFM PATHWAY

In order to achieve the benefits of an effective IT Financial Management (ITFM) program, a series of planned steps must be taken over a period of time.  There are no quick fixes, as changes to people, process, and technology are Organization Change Management principles need to be followed so that effective adoption occurs.

ITFM-PATHWAY

CLOUD FINANCIAL MANAGEMENT

Cloud has fundamentally shifted the IT landscape and global adoption of cloud services has accelerated exponentially. Making sure that your cloud related costs do not spiral out of control is essential.

Spend Optics enables its clients with full and automated visibility into, and control over, their cloud spend. It does this by connecting to multiple cloud providers, automating the collection of cost and billing-related data, and providing transparency into cloud consumption in a single place.

CLOUD-FINANCIAL-MANAGEMENT

BUDGETING & FORECASTING

Create commercially accurate and relevant Budgets, Forecasts, and What-If scenarios rapidly and at scale. With MagicOrange you can generate many different scenarios such as Budget, Forecasts, and What-If scenarios at varying levels of granularity. Seamlessly integrate these into a cost model to rapidly show your scenario from different views of your spend for various stakeholders.

Having the ability to plan and manage multiple scenarios such as budget, actuals, forecasts, migrating to cloud, and the outsourcing of certain services are essential to your organisation’s effective cost management and strategic planning.

Reduce the turnaround time for budget and forecast cycles and spend more time gaining valuable insights.

BUDGETING-&-FORECASTING

CLOUD FINOPS

What is FinOps?

FinOps is an evolving cloud financial management discipline and cultural practice defined by The FinOps Foundation. FinOps brings together Finance, Business and Technology teams to manage, control and develop strategic cloud solutions.

CLOUD-FINOPS

BENEFITS OF USING AN ITFM TOOL

An ITFM tool unlocks the ability for total cost transparency and opens the door to understanding your organizations’ cost optimization opportunities, by producing targeted, actionable information relating to business costs.

MAKE DATA-DRIVEN DECISIONS

Increase decision-making quality within your organisation through accurate insight into the costs of running your shared services.

DRIVE BUSINESS VALUE

Convert the conversation from cost to value and create a common language for service providers and service consumers to talk to each other.

REDUCE MANUAL EFFORT

Spend more time analysing and less time managing data and spreadsheets. Moving your processes out of manual spreadsheets drives efficiency, accuracy and ensures your people can spend their time adding value to your organisation.

CONTROL COSTS AND BUILD VALUE IN YOUR BUSINESS

Spend Optics provides a ITFM/TBM solution to provide technology leaders with standards and validated best practices to communicate the cost, quality, and value of IT investments to their business partners. Successful IT Financial Management solutions implemented, include 5 major focus areas: Taxonomy & Service Catalog, Cost Model, KPI Metrics, IT System and Operational Framework.

ABOUT US

Spend Optics is a consulting firm with a focus on transforming the way businesses around the world, see profitability and costs.

Spend Optics offers services built around a cloud-based system, designed to drive transparency and simplicity into organizations profitability and costing processes. Through a collaborative process, Spend Optics helps its clients discover the drivers of cost and profitability. This enables companies to provide easy to understand insights, to all business units and stakeholders.

This level of Cost Transparency unlocks cost optimization opportunities for businesses, by producing targeted, actionable information relating to business costs.

How we operate for you

Spend Optics helps its clients discover the drivers of cost and profitability. This enables companies to provide easy to understand insights, to all business units and stakeholders. This level of Cost Transparency unlocks cost optimization opportunities for businesses, by producing targeted, actionable information relating to business costs. Increase decision-making quality within your organisation, driven through accurate insight into the costs of running your shared services.

DRIVING PROFITABILITY AND UNLOCKING VALUE THROUGH COST TRANSPARENCY

Spend Optics helps you to understand your profitability and costs, enables you to utilize assets efficiently, shows accurate profit margins and reduces manual effort. It provides actionable insights that will drive your business transformation and future growth.

Schedule a Consultation