Technology Business Management (TBM) Software automates tracking the cost of the present information technology infrastructure and also IT growth, and, beyond budgeting, helps communicate the cost and value that presently-existing and projected IT represents to stakeholders.
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Technology Business Management (TBM) Software are data-driven tools that help organizations better understand, take control of, and optimize their technology business assets.
TBM software supports analytics, planning, forecasting, budgeting, cost tracking, billing, value measurement, risk management, and the optimization of IT application portfolios and infrastructure resources. It facilitates cost transparency and KPI benchmarking, provides business insights, and helps enhance the value and quality of technology investments.
It has been adopted by enterprises in all industries and is used by:
TBM software encompasses Information Technology Asset Management (ITAM) Software which facilitates inventory and lifecycle management of a business’s software and hardware assets.
Related software categories include Cloud Cost Management Software, Governance, Risk & Compliance Platforms, and Software Asset Management Tools.
Consider the following when purchasing Technology Business Management Software.
Preparation: To take full advantage of TBM software, there must be a TBM strategy and implementation plan in place across your organization.
Use Case/Scope: Evaluate the broad range of TBM software tools that are available based upon the needs you have established.
Platform: Given the time-sensitive nature of mission-critical business technology, it is important the tools can be conveniently accessed from a variety of platforms including mobile.
The varying costs of technology business management software mirror the wide range of functions they offer. Pricing is based upon the features included and the size of your enterprise/installations. Vendor quotes are provided for your specific requirements.