Creating transparency and efficiency in the IT cost structure is the central goal of IT Financial Management (ITFM). It encompasses the analysis of current IT expenditures, the identification of cost drivers, and the provision of solutions for more efficient use of resources. Through a combination of IT cost analysis, IT business cases, turnaround management, (project) controlling, and the establishment of IT profit centers, noventum supports companies in making smart, data-driven decisions that improve the IT cost/revenue ratio.
With over 25 years of experience in IT management consulting, noventum offers cross-industry expertise to support you in every phase of IT financial planning
– from the initial analysis of the current situation to the ongoing controlling of project portfolios.
Managers, CIOs, and experts in strategy, digitalization, and IT face a wide range of tasks:
These challenges often relate to specific problems such as excessive, non-transparent, or unplanned IT costs, investment backlogs, unclear contractual arrangements with service providers, inadequate cost taxonomy, and the lack of cost allocation based on actual usage.
The IT Financial Management (ITFM) process model illustrates a comprehensive and structured approach to managing and optimizing IT alignment in companies.
The graphic illustrates how noventum supports customers on their way to an improved IT financial structure by reducing complexity and enabling smart, long-term decisions.
Using standardized business analytics tools such as Microsoft Power BI, Power Query, or Fabric, we work with you to develop a customized solution for meaningful management reporting on your IT financial figures. For more information on business analytics @noventum in general and in the IT sector in particular, please visit the page of our Data & Analytics team.
noventum consulting combines over 25 years of experience in management consulting with in-depth expertise in IT finance and a team trained in both IT and financial management. Our fact-based management approach enables decision-makers to strategically align and continuously control their IT budget. We accompany you from the initial analysis of the current situation to the long-term optimization of your project portfolio, always with the goal of maximizing IT cost efficiency.
For challenges that require profound transformation, noventum offers strategic IT turnaround management. This discipline improves IT performance and reduces costs by synchronizing IT strategies with business objectives. Learn how noventum can lead your company to more efficient and future-proof IT.
Sparda-Bank West has successfully completed its migration to Atruvia's agree21 core banking system. For one of the largest institutions in the Sparda Group, the change meant a comprehensive technical and organisational transformation. noventum consulting was involved in selected areas of responsibility and supported the bank in preparing key transition steps.
The South Westphalia Chamber of Crafts found a sound solution to this problem – as part of its digital transformation, it introduced a modern intranet based on Microsoft SharePoint Online. The aim was to improve internal communication in the long term while also making document management more efficient. In collaboration with noventum, a platform was quickly developed that enables centralized document management, structures internal communication, and consistently takes into account the chamber's heterogeneous user landscape.
International IT transitions rarely fail because of technology – but rather because of culture, communication and expectations. Setting up tech hubs in India, Poland or Romania can address the shortage of IT specialists, but it also brings complex challenges. How can knowledge be transferred sustainably, employees avoid being overworked and intercultural teams be brought together successfully? Using specific projects, this article shows which success factors really matter – and why genuine collaboration requires more than just tools and processes.
Many companies are faced with the challenge of integrating artificial intelligence into their organisation in a meaningful way - between the pressure to innovate, limited resources and cultural resistance. There is often a lack of strategic direction, targeted skills development for employees and an environment that promotes learning. Without a clear interplay between leadership, culture, governance and qualification, well-intentioned initiatives risk failing before they have a chance to take effect.
Almost every company in Germany already has enormous potential to automate processes with robotic process automation (RPA). This potential is being significantly increased by the ongoing development of generative AI. The combination of RPA and AI, also known as Intelligent Process Automation (IPA), opens up new possibilities. By using the rule-based RPA bot to access generative AI, it is possible to automate complex process (steps).
Read more … Intelligent Process Automation (IPA) - combination of RPA and AI
In the fast-paced world of information technology, time is often a precious commodity. Companies are under great pressure to manage their IT services efficiently. At the same time, they must keep pace with the rapidly changing demands of the environment and the pressures of the competitive landscape. Under such conditions, outsourcing becomes a crucial tool to meet the need for flexibility, expertise and cost efficiency. For outsourcing to be successful, forward planning is a general must.
Read more … Effective Outsourcing: How to plan strategically despite time pressure?
In the digitalised business world, the automation of processes has become an indispensable tool for increasing efficiency and maintaining competitiveness. Bots, i.e. digital assistants, are playing an increasingly important role in this. The integration of bots into business processes enables companies not only to reduce costs, but also to improve the quality of their services and increase customer satisfaction. But how exactly do bots affect process automation and what role do they play?
Read more … Generating added value through process automation with bots
