ITIL® Financial Management
ITIL® financial management concerns itself with providing cost effective IT assets and IT services financial resources management. This is integral to IT service management. ITIL® financial management endeavors to reduce the overall long-term costs and identifies the cost of services and their provision, dissemination of financial information and thus assists in decision-making.
ITIL® financial management is also responsible for TCO and ROI calculation along with the calculation of disparity between the two. This enables IT organizations to gauge their IT budget and the investment required. ITIL® Financial management ensures equitable recovery of costs so that your organization does not suffer losses.