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HP shows you the money

F.Y. Teng | June 16, 2009
The global HP Software Universe 2009 event, held in Las Vegas on Tuesday, saw the rollout of more than four key offerings devoted to getting your financials right.

Anthony McMahon, VP of HP S&S, APJ

SINGAPORE, JUNE 16, 2009 When the clock struck noon Tuesday (June 16), enterprises across the globe found themselves with access to the most comprehensive suite of software solutions and services available to help them better manage their financials. At least, that is what HP executives would have us believe, when they announced the launch of multiple products as part of and supporting its IT Financial Management (ITFM) portfolio, at this year's edition of the company's annual customer and partner event for its software business, HP Software Universe 2009 (held in Las Vegas, the US).

Among the offerings just launched: HP Financial Planning & Analysis (FPA); HP Project Portfolio Management (PPM) Center 8.0; HP Configuration Management System (CMS) Best Practices; and, a slew of strategy and implementation services.

In a statement echoing that (Internet) age-old turn of phrase, HP said the new solutions were meant to help Chief Information Officers run IT like business and that they should aid companies in their efforts to increase transparency and optimise costs.

The statement cited key findings from a recent survey, conducted by a firm called PSB Research presumably in the last 12 months, of more than 200 senior IT decision makers worldwide specifically the US, Canada, Britain, France, Germany, Australia, Japan, China, Singapore, India, Brazil, Mexico, Russia and the United Arab Emirates:

70 per cent of the senior IT decision makers who participated in the survey said that IT demand will outpace budget for the foreseeable future.

43 per cent still lack investment rigour and have no form of portfolio management in place for aligning IT investment decisions to business priorities.

66 per cent said that IT spending transparency is very important to their business stakeholders.

Only 44 per cent report that business stakeholders are very satisfied with spending transparency.

The new offerings are collectively a good response to the issues, problems and challenges encountered by senior information executives, as revealed by the survey, said HP executives who went on to cite numbers indicating the efficacy of their solutions to date in the areas of financial and cost management.

7-15 per cent of an overall IT budget was saved through improved demand and investment management by using specifically HP PPM Center, in a benchmark study done by a firm called the Gantry Group.

US$2 million savings due to overspend on a single piece of software was gained by a global telecommunications provider (anonymous at press time), presumably by using selected applications from the ITFM portfolio.

US$25 million cumulative savings over two years through asset cost controls and avoidance of hardware lease penalties was derived by a global manufacturer (also unnamed at press time).

 

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