CostLens is a Technology Cost Management software that automates IT Financial Management functions
Generate strategic insights to transform your cost structure in a digital, hybrid world
About CostLens
Modern enterprise have an increasingly complex footprint with complex entity and cost structures across multiple jurisdictions. Also, increased Technology spend on hybrid, multicloud architectures, advanced transformative technologies such as AI, and the rise of intangibles has driven up the complexity of costs and its associated modelling.
CostLens is a fully hosted IT Financial Management software with a pre-built cost modelling engine aligned to industry-standards that automates Cost Transparency & Showback reports, enables Cost Takeout, Demonstrates value of Shared Services, and improves returns of Transformation initiatives.
Some of the key insights delivered are:
- TCO (Total Cost of Ownership)
- Unit Costs
- Fully loaded costs
- Benchmarks
- Product/Business Unit Profitability
a 3-min Product Tour
demonstrates how the IT Cost Analyst Team would benefit from select IT Financial Management functions covering Cost Transparency, Showback/Chargeback and Cost Control features
If you are interested in expressing your costs in terms of Supply and Demand economics, talk to us
choose a convenient time-slot between multiple meeting formats
Complexity of Cost Models in modern enterprises
made even more challenging by the complexity of each of these layers.
Cost allocations requires weaving together all layers - the Legal Entity structure, Operating Model, Technology Infrastructure, supporting Corporate functions and Revenue model. However, increased complexity in each of these layers has rendered traditional methods obsolete.
For example: Modern enterprises typically operate a multitude of legal entities spread over multiple jurisdictions. The pandemic has increased spend on digital and Technology; with a substantial rise in intangible assets - further contributing to complexity.
CostLens handles this complexity out-of-the-box.
key components of CostLens
end-to-end cost transparency at the lowest level of granularity
Board-ready Best Practice Cost Transparency and Showback reports.
a TBM-aligned & consumption-based Cost Modelling engine
automates cost modelling with pre-built algorithms for industry-aligned cost allocations, offers a NoCode interface for custom cost allocations.
A secure, SaaS solution ready to be integrated within your ecosystem
ISO 27001 certified and compliant with UK, EU and US data protection regulations.
A drilldown of components
A TBM-aligned & consumption-based Cost Modelling engine
pre-built cost algorithms for industry-aligned allocations, and, a NoCode interface for custom cost algorithms.
End-to-end cost reporting at the lowest level of granularity
Board-ready Best Practice Cost Transparency and Showback reports with a powerful custom reporting interface for complex, ad-hoc scenarios
A secure, SaaS solution ready to be integrated within your ecosystem
ISO 27001 certified and compliant with UK, EU and US data protection regulations
A flexible framework adapts and supplements your data
Our solution enriches your data with industry-standard proprietary data
Don't boil the ocean - CFO
A secure, SaaS IT Financial Management solution ready to be integrated within your ecosystem
Authenticate within your ecosystem with SSO
Enable single-sign on capabilities to manage user permissions internally
Massively scalable
underpinned by a big-data engine tested to 40 billion records
Integrate with your ecosystem
- Proven compatibility with market-leading systems
- Requires ‘clean’ source data
- Clients that refresh allocations quarterly or half-yearly see less value in ‘real-time’ API integration
Versioning at every level
Built-in versioning of input datasets, Reports and Cost configurations
CostLens is the single source of truth for multiple scenarios
A single repository for all advanced metrics
Evaluate CostLens tailored to your role
for CIOs & Technology teams
seeking to control costs and demonstrate value
for CFOs & Finance teams
seeking automation of Cost Reports & Cost Modelling
for Strategy Consultants
seeking advance Cost Insights at speed
for ITSM Experts
seeking to extend the value beyond Operations
Request custom demo
If you would like to understand our product better select from one of the options