Outcome Driven Solutions

Enhance strategic decision-making with real-time visibility. Save time and reduce hassle for Cost Center Owners with consolidated workflows.

ServiceNow's IT Budgeting is a powerful yet overlooked module

Effective IT budgeting is crucial for aligning your financial resources with strategic goals. At ODS, we leverage ServiceNow to streamline your IT budgeting process, enable real-time visibility, and optimize your IT Budget dollars.

Key Features

Comprehensive Budget Planning

Plan and manage budgets across departments and projects with ease.

Real-Time Tracking

Monitor budget performance in real time, identifying variances and making adjustments quickly.

Automated Workflows

Reduce manual effort with automated budget approval and revision workflows.

Integrated Analytics

Gain insights into spending patterns and future financial needs with advanced analytics.

Effective IT Budgeting

Benefits

Enhanced Visibility

Get a clear view of your financial landscape with detailed reports and dashboards.

Improved Accuracy

Minimize errors with automated calculations and data integrations.

Increased Efficiency

Save time with streamlined processes and automated workflows.

Strategic Decision-Making

Make informed decisions with comprehensive data and predictive analytics.

Case Study:

How a University Medical Center Achieves Annual Savings of $560K With ServiceNow's IT Budgeting Solution

The Challenge

The University Medical Center was grappling with antiquated processes built on decades of spreadsheets for investment planning. The lack of synergy between their strategic goals and tactical efforts led to a disjointed activity that didn’t align with high-level objectives. This disconnect resulted in strategies that faltered in execution. The Medical Center was also on a quest to understand how a holistic vision could be quickly distributed and interpreted across its business units. They wanted to boost internal collaboration and synchronize executive visioning to speed up goal realization and improve financial performance.

The Solution

Recognizing the need for a mechanism that could enhance the capital planning process, they asked for our help. Leveraging our IT Financial experience, we developed a ServiceNow IT Budgeting solution that integrated seamlessly with existing infrastructure, thereby improving the quality of capital planning activities.

We collaborated with various customer departments to develop an IT Budget and Forecasting solution that considered distinct pain points, challenges, and operational requirements. This solution granted budget owners and stakeholders the capacity to accurately develop budets,, forecast plans, and projections. Because the solution was grounded in verifiable transactional data, it eliminated inefficiencies that were inherent in their former outdated capital planning practices.

The Outcome

With the implementation of ServiceNow’s IT Budgeting solution, budgets were completed in days – not months. Forecast adjustments were completed in hours – not weeks. The solution was directly responsible for enabling the Hospital and its workforce to transition to an enterprise-wide IT Budgeting environment. In addition to streamlining IT budgets, they also achieved tighter controls, greater adaptability, and real-time visibility.

OUR PROCESS

Our approach ensures you achieve optimal efficiency, cost savings, and strategic control.

Step 1: Assessment and Setup
Step 2: Implementation
Step 3: Knowledge Transfer
Step 4: Co-Pilot Your Success