Cimpl Blog What is IT Financial Management?

In the last few years, information technology has greatly expanded and now plays a key role in different types of companies. I could also say that most of today's organizations rely heavily on information technology to properly function. The concept is pretty simple. The world of IT is in constant evolution, so as the need for IT increases, the bigger the budget for IT becomes. And as the budget for IT gets bigger, it becomes more likely that a company could lose sight of their IT investments. Yes indeed. We're talking about data centers, cloud services, IT services and much more. We may not realize it, but the costs are piling up quickly. You may be asking yourself how it is possible to manage all that money. The answer is simple: ITFM. And it is also the 94th reason to go beyond Telecom Expense Management!