CostLens for Cost Take-out
Deeper cost takeout analysis at speed to make cost savings stick
Why deeper cost analysis matters?
After several cycles of cost takeout initiatives, many Enterprise Technology Departments have already made the easy cuts; now they need to wrestle with difficult trade-offs among cost, service quality, risk, and strategic investments.
While in some cases, savings can be found by trimming the hedges using traditional top-down techniques – the repeated use of this technique typically yields low-single digit % savings.
Bottom-up approaches generate a suite of advanced metrics such as TCO (Total Cost of Ownership), fully loaded costs, unit costs, etc - metrics that link the supply and demand side economics of the Technology costbase.
However, bottom-up approaches can be difficult, flawed and take time, if undertaken on spreadsheets.
the challenges it solves
According to the reputed Consultants, Bain Research, the success record of Technology Cost Programs is poor
90%
of companies have run Technology Cost Programs recently
75%
of companies didn't achieve their cost targets
50%
missed targets by more than 50%. Exited costs creeped
IT Strategy
cost savings stick
CostLens automates deeper cost analysis, at scale
much like a microscope CostLens generates multiple perspectives of your costbase
Strategy Consultants handle diverse projects with a common theme: “Advanced Current State Cost Analysis & Scenario Modelling for potential Target States”
With Technology becoming ever more complex, Cost analysis and associated modelling requires a lot more sophistication than what Excel proffers
CostLens provides Consultants with advanced capability to identify cost problems at speed
CostLens is Technology Cost Management software for hybrid, multi-cloud teams that enables granular cost control, demonstrates value and improves confidence in investment decisions.
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
CostLens generates advanced metrics for market-leading cost analysis approaches
It enables Consultants to take a triangulation basis to Cost Analysis by delivering automated cost analysis in multiple perspectives
Target-setting approach
aka Benchmark-driven approach that matches competitor or aim for best-in-class
Strategy-backed approach
aka fit-for-growth approach that reduces the 'bad' and protects the 'good'
Cost of Functional Capabilities with associated breakdown breakdown
TCO of Service Capabilities with associated breakdown
Fully loaded cost of servicing Corporate Functions & Products
Benchmarks
Unit Costs
Breakdown by Cost Pools aka Assets
Breakdown by Cost Categories
TCO of Services
CostLens surfaces 'WHY' particular cost areas are high by analysing multiple perspectives to determine root-cause
Macro-level
Macro-level
Macro-level benchmarks
Compares your organisation vs others in the sector in terms of high-level metrics such ads IT Opex as % of overall Opex, IT Spend per employee, Opex vs Capex split, etc
Operating Model
Operating Model
Operating Model benchmarks
Compares your current Operating Model vs others in relation to key cateogries such as Personnel, Outsourcing, Hardware, Software, etc
Tower-level
Tower-level
Tower-level Benchmarks
Compares your current Functional Towers vs others in relation to key categories such as Infrastructure, End User Computing, IT Security, Service Desk, etc
Infrastructure
Infrastructure
Infrastructure Benchmarks
Facilitates a deeper level of drill-down of your infrastructure into the key sub-categories such as Compute, Database, Datacentre, Middleware, Storage, etc
Unit Cost economics
Unit cost economics
Unit Cost Benchmarks
Compares key spend areas to identify cost efficiency metrics such as cost per ticket, cost per Windows instance, cost per TB of storage, etc
Productivity metrics
Productivity metrics
Productivity Benchmarks
Focuses on productivity metrics such as workload supported per Service Desk FTE, no. of Windows servers supported by FTE, etc
Corporate Support Functions
Corporate Support Functions
Corporate Functions TCOs
Focuses on the cost of supporting the Corporate Functions vs peers. Examples include TCO of supporting Finance, HR, applications etc
Business Unit demand
Business Unit demand
Business Unit Benchmarks
This benchmark splits the cost in line with front-office BUs such as Asset Management and Wealth; and considers the cost of supporting the size of the business in line with Business metrics such as AUM, No. of Policies, IT Cost-Income ratio, etc
CostLens is the only tool that models the end-to-end impact of your Cost Transformation initiatives
Generates advanced metrics to fully inform your Strategy
Aggregation , classification & modelling of Technology costs to industry standards.
This creates a deeper understanding of your Current State Cost Analysis.
Demonstrates benefits of proposed cost initiatives to all Business Units
Express your Target State in clear financial terms by articulating where exactly the cost reductions would arise from despite other cost uplifts (eg: inflationary).
Also, express the downstream impact of the Target State in multiple perspectives to gain stakeholder support.
A pre-built Cost modelling engine aligned to industry-standards
An out-of-the-box engine with pre-defined cost algorithms that understands the cost domain - so simply uploaded your data and the system will do the rest.
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
Our views on trending Cost Takeout-related topics
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