PROBLEMS WE SOLVE - BY ROLE

Chief Financial Officers

CFOs face significant challenges in aligning IT investments with overall business goals. They know effective strategic planning requires trusted TCO and ROI assessments. They understand that stakeholders need full transparency across cost pools, product lines and shared services to come to the right conclusions. Yet – too often – CFOs and their teams do not have the tools needed to offer clear line of sight into organisational expenses and cost drivers. MagicOrange provides advanced solutions that help CFOs face these challenges head on and know their numbers.

Increase Profitability

Without Stifling Growth

Deploy Budget Wisely

Across Product Portfolios

Guide Investments

Using Data You Can Rely On

Picking The Next Digital Play . . .

Without the right data, CFOs struggle when planning their next major digital innovation. Reliable data and intelligent allocations are key to unlocking the insights that guide the next play. Yet all too often, CFOs rely on error-prone, inconsistent or incomplete data and reporting, often coming from multiple spreadsheets and other disparate data sources.

. . . Is An Educated Guess

Despite best efforts to know their numbers, CFOs continue to face significant hurdles overcoming data issues. And without access to the right data, executive teams can’t simulate and compare financial outcomes. Budget optimisation efforts lack focus, ultimately failing to uncover efficiency opportunities. Without the ability to identify which new modernisation initiative will yield the greatest return, picking the next big play is elaborate guesswork.

37^%

CFOs Seeking To Drive Better Insights

Driving analytics will be their main way of redefining Finance’s future value proposition

SSON: Future of Finance Benchmarking Report

COMMON CHALLENGES FOR CFOS

Planning for Digital Innovation

Without scenario planning, CFOs navigating diverse digital transformation initiatives lack the ability to compare the relative merits of investment opportunities. This hinders informed decision-making and the effort to align investment strategy with business goals and financial objectives.

Cost optimisation and scenario modelling for CFOs

With the insights provided by MagicOrange, CFOs can make informed financial decisions, mitigate risks and seize opportunities confidently. Better understanding of cost drivers improves financial forecasting accuracy and enhances overall strategic planning efforts. It builds credibility with key stakeholders across the organisation.

Learn how MagicOrange can help guide digital transformation

IT Budget Optimisation

Neglecting to rationalise the organisation’s technology fosters a bloated “run” budget. And a bloated run budget consumes much-needed funding that should be underwriting the digital transformation projects that will have the most impact on the business. Without the data to drive financial oversight, CFOs can’t champion optimisation efforts and the reduction of hidden waste.

IT cost transparency and optimisation strategies for CFOs

Before a CFO can help CIOs drive IT budget optimisation or assist an executive team in conducting a portfolio optimisation exercise, need data. Insights that uncover hidden costs and identify redundancies are crucial. With the right insights, CFOs can allocate resources more effectively, reduce wasteful costs and help find the savings needed fund high impact strategic initiatives.

Explore how MagicOrange can help reduce wasteful IT spend

Enhancing Product Line Margin

CFOs and their teams often lack detailed operational insights needed to confidently advise on improving product and service line performance. This lack of clarity leads to reliance on educated guesses, resulting in sub-par outcomes or missed opportunities.

ITFM and FinOps strategic decision-making rely on trusted TCO and ROI

Accurate TCO and ROI data empower CFOs to prioritize investments effectively and influence stakeholders across the organisation. The MagicOrange platform arms CFOs with the data insights they need to know their numbers.

Learn how MagicOrange can help drive profit optimisation

Maximise Control And Profitability

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