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Spurred by the cloud and the challenges of today's IT complexity, IT financial performance has emerged as a board-level concern. IT leaders can no longer leave the analysis, management, and accounting of IT costs to spreadsheets and uncoordinated processes. In this report, we explain how the discipline of IT financial management (ITFM), and its supporting processes and tools, enables IT leaders to account for their costs, communicate clearly with business buyers, and illuminate tradeoffs for better financial IT decision making.
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