CHICAGO, Oct. 28, 2015 /PRNewswire/ -- Apptio®, the leading provider of cloud-based Technology Business Management (TBM) software, today announced broadening adoption for its IT Planning Foundation (ITPF) application from organizations like AOL and Microsoft following its public launch last October.
"A year ago, we launched IT Planning Foundation to solve an important challenge we saw our customers facing," said Sunny Gupta, CEO of Apptio. "Since then it has been amazing how the market has embraced our application. The growing demand for this solution validates the need for a simple, automated method of IT planning."
Many organizations selected this purpose-built solution for their annual budgeting, forecasting, and variance tracking process after struggling to complete these tasks with spreadsheets. Through Apptio, IT finance teams and budget owners are now able to make quicker decisions about business priorities, focus on plan adjustments that drive value and have continual visibility into spending to optimize prioritization of their most important investments. Below are examples of how organizations like AOL and Microsoft have leveraged Apptio's IT Planning solution.
The media technology company, was looking for a way to take its annual IT planning process off of spreadsheets so it could track actual spending against budget. By leveraging Apptio's IT Planning solution for its annual budgeting, monthly variance analysis and scenario planning processes, AOL's IT team is now able to see its exact budget allocation from corporate finance and compare that number to its monthly spend. As a result, AOL's IT budgeting process is now simpler, more transparent and more accurate.
The information technology (IT) organization for the leading platform and productivity company needed a way to automate the consolidation of 15 cost center budgets within one team into a single plan with ongoing forecasting capabilities. Utilizing Apptio's TBM solution, this team within Microsoft IT anticipates it will be able to complete its yearly planning and quarterly forecasting processes in a 50 percent shorter timeframe with improved accuracy.
"Every CIO and finance leader is challenged to ensure their budget is both driving efficiency and creating value for the business," said Jim DuBois, corporate vice president and CIO of Microsoft Corp. "With the initial use of Apptio's IT planning application, we've been able to automate an IT planning process to increase productivity and improve accuracy."
Apptio IT Planning is a cloud-based SaaS application that helps CIOs, IT finance teams, and budget owners operate from one process, one system and one plan. It can also be integrated with Apptio Cost Transparency for data-driven budget justifications, IT service cost impact assessments and financial benchmarking. For more information, please visit http://www.apptio.com/applications/it-planning
Apptio is the leading provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT. Apptio's suite of applications use business analytics to provide facts and insights about technology cost, value, and quality, so IT leaders can make faster, data-driven decisions. The purpose-built applications help companies align technology spend to business outcomes and automate IT processes like cost transparency, benchmarking, showback/chargeback, operational efficiency, and planning. Powering Apptio's applications is a next generation, in-memory cost analytics platform that takes data directly from financial, operational, and billing systems to power the applications that give customers deep insight. This insight spans infrastructure, applications, and business services, both on-premises and in the cloud. Hundreds of customers, including more than one-third of the Fortune 100, choose Apptio as their business system of record for IT. For more information, please visit www.Apptio.com.