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Did you know that on average every organization has a potential 25% wastage in SaaS investments according to ComputerWeekly.com? This inefficiency can significantly impact your bottom line. Furthermore, Gartner is estimating a 15% annual increase in SaaS costs so the financial burden is only growing. As organizations continue to navigate the complexities of managing hybrid environments, the need for robust Software and IT Asset Management has never been more critical. Effective management not only helps in optimizing costs but also ensures compliance and enhances overall productivity. Let's tackle these challenges head-on and maximize the value of SaaS investments. Take a look at how the industry leading solutions, and world class teams, provided by Flexera can help you address these growing pains. #SaaS #ITAssetManagement #HybridEnvironments #CostOptimization #SoftwareManagement #Flexera #TechnologyIntelligence #SAM #ITAM

Deep Dive into Modern Technology Cost Management: Beyond Traditional Models In today’s complex business environment, traditional models of managing technology costs—such as ITAM, SaaS Management, Cloud FinOps, and Technology Business Management (TBM)—are evolving but current tool providers are not keeping pace with the industry. The convergence of these disciplines into a more holistic approach is not just beneficial but necessary. Here’s how StackTrack is pioneering this transformation, providing a comprehensive solution that encompasses true cost tracking, optimization, and much more. The Evolution of Technology Cost Management: Hybrid Approach: The merging of ITAM, SaaS, Cloud FinOps, and TBM into a unified practice allows businesses to gain a panoramic view of their entire technology spend. This approach goes beyond asset management or cloud cost monitoring, integrating deep strategic insights across all technology investments. StackTrack, however, revolutionizes this process through advanced real-time data aggregation and analysis. This approach not only ensures that every dollar spent is tracked and accounted for immediately but also forecasted with insights for those contractual events. With StackTrack, businesses can anticipate and prepare for upcoming events in their technology contracts, ensuring that financial planning is both proactive and predictive. This integration of immediate financial data visibility with forward-looking financial insights allows organizations to make strategic decisions with confidence. Key Components of Advanced Cost Management: -Comprehensive Cost Tracking: StackTrack ensures every aspect of your tech spend, from SaaS subscriptions to on-premise hardware and cloud resources, is continuously monitored. -Contractual Obligation Management: We streamline the tracking of hundreds of contractual events to prevent auto-renewals, lapses, and non-compliance penalties, ensuring you never miss a beat. -Optimization and Efficiency: Leveraging AI, StackTrack identifies inefficiencies and suggests actionable optimizations, ensuring that you are not just spending, but investing wisely. -Chargebacks and Billbacks: Our system simplifies the complex processes of chargebacks and billbacks, providing clear and transparent accounting that supports departmental budgeting and internal billing procedures. Looking Forward As businesses continue to navigate the complexities of digital transformation, the need for an integrated approach to technology cost management has never been clearer. StackTrack is at the forefront of this evolution, providing consulting, tools and insights that are essential for thriving in a digitally driven world. Are you ready to rethink how you manage your technology expenses? Connect with us to see how the StackTrack team can enhance your approach to technology cost management. #TechCostManagement #ITAM #CloudFinOps #TBM #StackTrack #BusinessTransformation #SaaS

If you're working on Oracle HCM Cloud and wondering what Oracle Project Portfolio Management (PPM) can offer, I've got some insights for you! While HCM and PPM might seem worlds apart, there are valuable overlaps that can enhance your strategic initiatives, workforce planning, and talent utilization. 💡 Key Takeaways from the PPM Playlist for HCM: 1. Project-Based Resource Allocation: Learn how to allocate talent for projects efficiently, tracking both labor and costs in real-time. This can be especially useful for project-heavy departments or special initiatives. 2. Strategic Workforce Planning: See how PPM tracks labor resources and financial metrics that can guide long-term workforce planning. If your team handles multiple roles or cross-functional projects, these insights can be a game-changer. 3. Skill Development: Discover ways to encourage skill development by aligning the right people with the right projects. Use PPM insights to identify skill gaps and plan for training based on project needs. 4. Enhanced Reporting and Analytics: PPM provides robust reporting features, offering data to support both performance reviews and workforce optimization strategies. This playlist is designed to make concepts digestible, even if you're new to PPM! So if you're an HCM professional looking to strengthen your project management know-how, this is your go-to resource. Check out the playlist and see how these PPM fundamentals can elevate your HR strategies! https://lnkd.in/gU-2bU-b

Oracle Cloud Project Accounting (aka PPM) Playlist being updated regularly. I have covered all the way from project foundations , project control up until Project Costing . You can check it out if interested in learning more !! Latest Video Link on PROJECT TRANSACTION SOURCES : https://lnkd.in/gVh8NU_j Link to Playlist : https://lnkd.in/gH27_iGU Link to Channel : https://lnkd.in/gC-gGdPx Subscribe, Watch, Comment, Like, Share !!

Enterprise Profitability and Cost Management: Cloud Updates for May 2024 Table of ContentsIntroductionKey Features in the May 2024 Update of Enterprise Profitability and Cost Management CloudHow the Latest Cloud Enhancements Improve Cost Analysis and Profit OptimizationIntegrating AI Tools in Enterprise Profitability Systems: May 2024 Cloud Update InsightsConclusion"Maximizing Efficiency, Enhancing Profitability: Discover the Latest Cloud Updates for Enterprise Profitability and Cost Management, May 2024."IntroductionIn May 2024, the latest updates to Enterprise Profitability and Cost Management (EPCM) in the cloud were released, reflecting ongoing advancements in financial management technologies. These updates are designed to enhance the accuracy and efficiency of cost analysis and profitability management for enterprises operating in diverse sectors. With a focus on improving user experience, data integration, and real-time analytics, the May 2024 updates aim to provide organizations with more robust tools to drive strategic decision-making and optimize financial outcomes. This introduction will explore the key features and improvements introduced in this latest release, highlighting how they can transform enterprise cost management practices.Key Features in the May 2... #OTN

Discover how Guidehouse helped a U.S. federal agency transform its human capital management (HCM) services, optimize its business processes, and align strategic communication with Oracle Cloud HCM. Read more: https://lnkd.in/ecdwBded #Oracle #HCM #WorkforceManagement #ChangeManagement

Here is a great article by Deloitte on "why" finance should lead the way in evolving Enterprise Performance Management to include sustainability: https://lnkd.in/exstjdCd If you are interested in "how" to include sustainability into Enterprise Performance Management, I would highly recommend visiting: https://lnkd.in/ejSMBGjy If you want more information, or are interested in how we implemented Oracle Cloud EPM for our sustainability reporting & planning, please do not hesitate to contact me. #deloitte #wsj #oracle #epm #esgreporting #sustainability

🚀Insights from the 2024 Gartner Magic Quadrant for SAM Managed Services 🚀 Gartner’s latest report on SAM Managed Services highlights the rapidly growing importance of Software Asset Management in tackling modern IT challenges, from cloud management to sustainability efforts. Key takeaways include: 🔹FinOps Integration: As organizations shift to the cloud, managing costs effectively is critical. SAM Managed Service providers are evolving to help businesses integrate FinOps practices, ensuring both financial accountability and cost optimization in the cloud. 🔹SaaS & Cloud Management: The complexity of managing SaaS applications and cloud infrastructure has become a focal point. SAM providers are now offering robust cloud cost management services, allowing businesses to optimize and right-size their cloud and SaaS usage, driving efficiency. 🔹Sustainability & ESG Focus: Environmental, Social, and Governance (ESG) considerations are increasingly becoming intertwined with IT operations. SAM Managed Service providers are stepping up by aligning their offerings with ESG goals, helping businesses reduce their environmental footprint while managing their IT assets. 🔹200% ROI: Gartner reports that the top SAM Managed Service providers are delivering exceptional value, with customers reporting 200% ROI and more, thanks to better governance, risk management, and cost control. 🔹Managed Services as Strategic Investments: The report stresses the importance of SAM as a long-term, strategic investment, highlighting that businesses using SAM managed services are better equipped to handle the demands of modern IT environments. Gartner’s analysis points to a continued shift towards managed services, especially as SAM’s impact on sustainability and business performance grows. At ITAM solutions, we're constantly innovating to deliver comprehensive, agile SAM services tailored to your needs, from cost optimization to sustainability initiatives. Whether it's cloud management, licensing, or risk reduction, we’re here to help! 📊 Stay ahead of the curve with ITAM solutions. Learn more about the latest trends in SAM and how we can support your business goals! 🔗 Read the full analysis here: https://lnkd.in/dpUnebRu #ITAM #SAM #CloudManagement #FinOps #SaaS #Sustainability #ESG #GartnerMagicQuadrant #BusinessEfficiency #ITAssetManagement #Innovation #ITAMsolutions

Solver’s cloud-based platform enables University of Queensland Union | UQU team with remote access, supporting better work-life balance. Read the case study here to learn more about UQU and their adoption of the Solver APAC cloud platform: https://okt.to/oSNKwX #BusinessCentral #erp #finance