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.
Reveal true costs and consumption of services, projects, infrastructure, apps and more.
Unlock cost optimization opportunities in your business and save costs.
Predict future possible scenarios so that managers can more optimally allocate resources.
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.
MagicOrange 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.
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.
With MagicOrange you can 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.
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.
MagicOrange is purpose built to accommodate any cost allocation model and bring insight, stability, security and automation to your cost allocation process.
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.
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.
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.
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 Organisation Change Management principles need to be followed so that effective adoption occurs. Our “Pathway To SuccessSM” provides an easy-to-follow framework for undertaking this journey.
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.
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.
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.
MagicOrange and FinOps
MagicOrange is a general member of The FinOps Foundation. We are passionate about the goal of The FinOps Foundation to advance people who do cloud financial management and to adopt the FinOps Framework and best practices as part of our organisation.
MagicOrange Cost Transparency unlocks cost optimization opportunities for businesses by producing targeted, actionable information relating to business costs.
Increase decision-making quality within your organisation through accurate insight into the costs of running your shared services.
Convert the conversation from cost to value and create a common language for service providers and service consumers to talk to each other.
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.
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.
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.
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.
Spend Optics
14062 Pacific Point Place, Suite 304, Delray Beach, FL
Phone: +1 561-877-0099 | Email: [email protected]
DISCLAIMER
The information contained in this website is for general information purposes only. The information is provided by Spend Optics and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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