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.

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Benefits

How Does MagicOrange Help?

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Reveals true costs of services, projects, infrastructure and more

MagicOrange provides information that enables to articulate and defend the value IT brings to your organisation.

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Provides understanding of profitability & costs of Shared Services

By tracing costs to their drivers MagicOrange reveals if you are using Shared Services efficiently.

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Automates your cost allocation process

MagicOrange brings the required transparency, governance and stability into your cost allocation process.

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Shifts the conversation from cost to value

MagicOrange calculates the true cost of delivering service or product and provides granular showback and chargeback model.

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Analyses and plans the most effective use of resources

By identifying factors that drive the most value, MagicOrange provides agility for your business transformation.

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Unlocks cost optimisation and savings

MagicOrange enables you to increase your profitability and to track your cost optimisation progress.

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Includes cloud costs into TCO

MagicOrange facilitates effective tracking and control of your cloud consumption related costs.

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Technology 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.

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Profitability 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. 

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Whitepaper - 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.

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Cost Optimization At Large Retail Chain

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.

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Planner 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.

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Cost Optimization At Large Retail Chain

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.

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Full 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.

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Whitepaper - 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.

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Industry Insights

ITFM Highlights and Trends

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88

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."

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Solutions

Control Costs And Build Value Of Your Business

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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.

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Shared Services 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.

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Cost Allocations & Modelling

Cost allocations are vital to organizations 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.

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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.

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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.

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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.

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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.

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Cloud Costing

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.

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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. […]

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News

The Latest At MagicOrange

MagicOrange has been appointed to assist SPAR on their IT Financial Management journey

SPAR provides fresh produce and high-quality merchandise to a network of independent retailers, in both local and international te...

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IT Financial Management Tools – Criteria for Consideration and Selection

Current financial systems have been using the same General Ledger and account’s structure for many decades, while IT only uses...

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African Rainbow Minerals Benefits from a Leading IT Financial Management Tool

Background A leading South African diversified mining and minerals company, African Rainbow Minerals (ARM), now has a single sou...

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Resources & Support

How Can We Help You?

ITFM Pathway

An easy-to-follow framework for implementing an effective IT Financial Management (ITFM) program in your organization.

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Community

Join the conversation on our interactive forum and network with other platform users.

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Academy

Education and upskilling platform exclusive to MagicOrange users.

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Support

Have a question or require assistance? Our dedicated support is at your service.

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