Driving Profitability and Unlocking Value Through Cost Transparency
MagicOrange helps you to understand your profitability and costs, enables you to utilise assets efficiently, shows accurate profit margins and reduce manual effort. It provides actionable insights that will drive your business transformation and future growth.
Learn More Experience MagicOrange
Benefits
How Does MagicOrange Help?
Scroll to NextReveals true costs of services, projects, infrastructure and more
MagicOrange provides information that enables to articulate and defend the value IT brings to your organisation.
Read MoreProvides understanding of profitability & costs of Shared Services
By tracing costs to their drivers MagicOrange reveals if you are using Shared Services efficiently.
Read MoreAutomates your cost allocation process
MagicOrange brings the required transparency, governance and stability into your cost allocation process.
Read MoreShifts the conversation from cost to value
MagicOrange calculates the true cost of delivering service or product and provides granular showback and chargeback model.
Read MoreAnalyses and plans the most effective use of resources
By identifying factors that drive the most value, MagicOrange provides agility for your business transformation.
Read MoreUnlocks cost optimisation and savings
MagicOrange enables you to increase your profitability and to track your cost optimisation progress.
Read MoreIncludes cloud costs into TCO
MagicOrange facilitates effective tracking and control of your cloud consumption related costs.
Read MoreTechnology Business Management
Management framework that helps IT departments to achieve their potential
MagicOrange offers TBM solutions to provide technology leaders with standards and validated best practices to communicate the cost, quality, and value of IT investments to their business partners. Successful TBM solutions implemented with MagicOrange include 5 major focus areas: Taxonomy & Service Catalog, Cost Model, KPI Metrics, IT System and Operational Framework.
Read MoreProfitability and Cost Transparency of Shared Services
Transforming the way businesses see their costs
One of the most challenging parts of functionally mastering and executing a costing methodology is the allocation of shared services costs across the organization. MagicOrange Profitability & Cost Transparency processes financial and shared services data, allowing the creation of cost allocation models and KPIs resulting in high-value insight into costs.
Read MoreWhitepaper - Effective Allocation Methods
We bring clarity to allocation methods and how they influence your cost modelling
MagicOrange supports all allocation configurations and has the ability to cater for all known allocation methods. MagicOrange experts assist our customers in deciding on the best allocation methodology based on the organizational structure culture, strategy and reporting requirements associated with their chargeback needs. In order for Business Units to determine true profitability, their usage of Shared Services must be determined. A charge back mechanism facilitates this and aids in driving organizationally aligned behavior. The most equitable and defendable basis for allocations is based on real world consumption. Follow the link to download the full report.
Read MoreCost Optimisation At The Foschini Group
The importance of robust and granular chargeback model in retail environment
To determine a total cost of ownership (TCO) it is vital for organisations to place a single value on the complete life cycle of a capital purchase. This value includes every phase of ownership, from acquisition through operation, and includes the softer costs of change management, such as documentation and training. "The MagicOrange team fully delivered on our challenges and exceeded our expectation in the way their experts understand and care for our business success,” states our customer.
Read MorePlanner Module Implemented At Large Bank
The importance of planning in financial services
Modern financial services enterprises understand the need to allocate costs accurately within a shared services environment, in order to make business units directly accountable for the services they consume. MagicOrange successfully implemented a system to manage the recording and allocation of human capital costs for the IT staff at a large bank. Our customer says that the success of this implementation was due to the strong capabilities of the MagicOrange development team, which was able to deliver clear business value within a very short period of time.
Read MoreCost Optimisation At The Foschini Group
The importance of robust and granular chargeback model in retail environment
To determine a total cost of ownership (TCO) it is vital for organisations to place a single value on the complete life cycle of a capital purchase. This value includes every phase of ownership, from acquisition through operation, and includes the softer costs of change management, such as documentation and training. "The MagicOrange team fully delivered on our challenges and exceeded our expectation in the way their experts understand and care for our business success,” states our customer.
Read MoreFull Transparency of Cloud Consumption and Cost
MagicOrange facilitates effective tracking and control of your cloud consumption related costs
Our customers achieve complete transparency of their Cloud costs and benefit from frequent visibility to detect trends and anomalies. Waiting for month-end is not an option with the Cloud. They integrate Cloud costs into their existing ITFM/TBM model to monitor Total Cost of Ownership (TCO) and compare this to on-premise options.
Read MoreWhitepaper - Effective Allocation Methods
We bring clarity to allocation methods and how they influence your cost modelling
MagicOrange supports all allocation configurations and has the ability to cater for all known allocation methods. MagicOrange experts assist our customers in deciding on the best allocation methodology based on the organizational structure culture, strategy and reporting requirements associated with their chargeback needs. In order for Business Units to determine true profitability, their usage of Shared Services must be determined. A charge back mechanism facilitates this and aids in driving organizationally aligned behavior. The most equitable and defendable basis for allocations is based on real world consumption. Follow the link to download the full report.
Read MoreMagicOrange joins FinOps Foundation
MagicOrange is delighted to announce that we are now a general member of the FinOps Foundation, enabling organisations to get maximum business value by helping their various teams to collaborate on data-driven spending decisions. We are passionate about the goal of the FinOps Foundation, to advance people who practice cloud financial management, and to adopt the FinOps Framework with the best practices as part of our organisation.
Read MoreNews
The Latest At MagicOrange
MagicOrange is now transactable on the Microsoft Azure Marketplace
Why is Microsoft the right partner for MagicOrange? “From the inception of MagicOrange, we wanted to disrupt the market with ...
Read MoreProviding global scale cost transparency for leading IT and business solution provider
With over 200 legal entities in more than 55 countries spread across each continent, the company is a leading IT infrastructure an...
Read MoreBringing FinOps & ITFM/TBM Together: A Comprehensive Guide
What is FinOps? The FinOps Foundation defines FinOps as: ‘an evolving cloud financial management discipline and cultural pr...
Read MoreIndustry Insights
ITFM Highlights and Trends
Scroll to Next88
of senior IT decision-makers are unable to show IT cost transparency to the rest of their organization - Coeus Consulting
71
of directors outline digital technology investments as top business priority - Gartner
70
of CIOs will have a dedicated ITFM tool by 2024 - Gartner
35
predicted growth of cloud infrastructure in 2021, led by Microsoft Azure - Forrester
15
year on year shared services cost saving when cost transparency discipline effectively implemented - Gartner
Our Customer Testimonials
The Foschini Group – Head of Finance IT & Logistics
“The two biggest game changers for us were the manner in which MagicOrange brought together the cost transparency and a credible recharge model based on consumption of services as opposed to just a cost allocation model. This will further assist us in optimizing costs and an important step to calculate ROCE at a brand level. The MagicOrange team fully delivered on our challenges and exceeded our expectation in the way their experts understand and care for our business success.”
International Bank & Asset Management Company – Head of IT Finance
“Very impressed with where we got in such a short time with using MagicOrange.”
Exxaro Resources – Chief Information Officer
“Now, more than ever, we have a clear need for an ITFM solution and look forward to realising significant benefits on a number of fronts. Even though we are only at the start of our ITFM journey with MagicOrange, we are already seeing significant progress in the desired direction.”
Financial Services Company – Finance Specialist
“We've been getting great service from the team, and it's great that our feedback gets incorporated into future versions of the product, sometimes in better ways than we were asking for initially.”
The Foschini Group – Finance Manager
“The model is very good once implemented and fully understood. The support from MagicOrange is incredible. Always ready to assist and the updates create efficiencies.”
Exxaro Resources – Financial Accountant
"MagicOrange assisted Exxaro with visibility and streamlining the allocation process, which directly contributed to streamlining the budget and forecast process."
International Investment Bank – Financial Manager
"MagicOrange takes the pressure off of the Finance IT resource, as accountants can view their own charges at a granular level."
Financial Services Company – Cost Accountant
"It used to take us 6 months to complete a full cost allocation in Excel, having three large models close to 100MB each. With the use of Power Query and MagicOrange, this has reduced significantly."
Financial Services Provider – Head of IT Application Support
"Engaging with the team is value-adding and productive, over and above the product itself. I value the support, dedication, and the approachability of the consultants."
Pranesh Mahadeo – ABSA Technology COO
I remember sitting in a boardroom a few years ago where an executive told me, “there is no magic in your Rotten Orange”! Having walked the journey of the ITFM Pathway to Success, and to have got to the point where this tool is now core and fundamental to our cost management journey across technology and being scaled to other functions, is great to see ! Looking forward to much more to come.
Solutions
Control Costs And Build Value Of Your Business
Scroll to Next
IT Financial Management / TBM
ITFM (& TBM) reveals the true cost of delivering IT products and services. It helps organizations optimize IT spend and increase profitability. See how MagicOrange can expedite your ITFM or TBM journey by providing enhanced insights to your processes.
Learn More >Profitability & Costing
Understanding the true profitability in a Shared Services environment can be difficult. With MagicOrange you can accurately model the complex provider-consumer relationships and allocate shared services costs using measurable and controllable drivers.
Learn More >Shared Services Cost Allocations
Cost allocations are vital to organisations leveraging a Shared Services operating model. MagicOrange can accommodate any cost allocation model and bring insight, stability, security and automation to your cost allocation process.
Learn More >Showback & Chargeback
Showback and Chargeback allow informed decisions around Shared Services consumption. Use MagicOrange to introduce a showback / chargeback process or increase the cadence and automation of an existing chargeback or showback process.
Learn More >Planning & Analysis
Support finance's efforts to manage financial planning, budgeting, modeling, and performance reporting. MagicOrange reduces the turnaround time for budget and forecast cycles and allows you to spend more time gaining valuable insights.
Learn More >Cost Optimisation
With total cost transparency, uncover opportunities to reduce inefficient spend and redirect funds to higher value initiatives. Utilizing MagicOrange you will promote cost accountability by cost center owners with clear facts around usage and cost.
Learn More >ITFM Pathway
In order to achieve the benefits of an effective IT Financial Management (ITFM) program, a series of planned steps must be taken over a period of time. There are no quick fixes, as changes to people, process, and technology are Organization Change Management principles need to be followed so that effective adoption occurs. Our "Pathway To SuccessSM" provides an easy-to-follow framework for undertaking this journey.
Learn More >Cloud Financial Management
Maximize value from cloud by clearly understanding the usage and drivers of all cloud spend. MagicOrange enables you to automatically connect into Azure, AWS or Google Cloud Platform to control cloud costs and promotes fair showback or chargeback.
Learn More >Budgeting & Forecasting
Create commercially accurate and relevant Budgets, Forecasts, and What-If scenarios rapidly and at scale. With MagicOrange you can generate many different scenarios such as Budget, Forecasts, and What-If scenarios at varying levels of granularity. Seamlessly integrate these into a cost model to rapidly show your scenario from different views of your spend for various stakeholders. […]
Learn More >Cloud FinOps
What is FinOps? FinOps is an evolving cloud financial management discipline and cultural practice defined by The FinOps Foundation. FinOps brings together Finance, Business and Technology teams to manage, control and develop strategic cloud solutions. MagicOrange and FinOps MagicOrange is a general member of The FinOps Foundation. We are passionate about the goal of The […]
Learn More >Resources & Support
How Can We Help You?
An easy-to-follow framework for implementing an effective IT Financial Management (ITFM) program in your organization.
Visit our PathwayJoin the conversation on our interactive forum and network with other platform users.
Join the Community