The Financial X-ray helps IT departments to benchmark, understand and easily compare overall costs. It's a useful tool to build a business case for changes in IT infrastructure, and create an ongoing mechanism for dialogue between finance and IT departments. It can also provide a means of highlighting the comparative cost of shared and commercial third party services.
BUFDG connected us with several universities interested in gaining a better understanding of their IT costs. Some universities had been offered ‘return on investment calculators’ by their IT suppliers however these tools fail to reflect the position of research and education organisations.
Detailed statistics about your institution’s IT spend
An accountant will carry out much of the work so your staff are not burdened
Prompt service carried out in days rather than weeks
Access to statistics for other organisations to benchmark your spend against the sector
A final report for presentation to senior management.
The model can provide you with:
Detailed data including total IT costs as a percentage of annual turnover
Information on money spent on student-facing IT services per year
Costs to support bring your own device
Annual running costs of your data centre.
“The Financial x-ray was incredibly useful in pointing out some areas where we were not investing and possibly should be, and some areas where we were spending more than we would like to” David Conway, head of IT services, University of Sunderland