CostLens© is a Next Generation big-data TBM solution
Traditional TBM tools are based on outdated technology which restricts flexibility, limits functionality, makes it difficult to use and expensive to maintain. Key drawbacks are…
High TCO: Inflexible to changes in surrounding Data and Tool ecosystem
TBM tools consume data from multiple data sources. Regular changes to this ecosystem require significant programming skillsets thereby increasing costs.
High TCO: Requires hours / days of excel analysis to answer strategic questions
The current tools require significant amounts of time and effort of excel processing to be able to answer business queries
High Implementation Costs: Requires additional programming to reflect complexity of today’s multi-entity Operating models
Today’s IT teams operate globally across multiple countries servicing global multiple Product lines and middle/back office departments. Traditional TBM tools can’t handle this complexity out of the box and requires expensive programming for one-off setup and ongoing maintainence.
Traditional relational databases loose end-to-end cost insights
Traditional TBM tools program multiple layers of data transformation to meet the data requirements of its out-of-the-box reports, thus loosing insights along the way
CostLens© addresses all these drawbacks.
CostLens is built with a state-of-the-art IT Cost Modelling engine with pre-built cost algorithms that aligns to industry-standards and offers a ready-suite of Best Practice IT Cost Reports that flexibly adapts to your data maturity.
Chart of Accounts
Storage
Service Catalogue
Network (optional)
Software Assets (optional)
Staff / Timesheet (optional)
technologies to display easy to
understand reports
CostLens’s offers all the functionality of traditional TBM
tools and more
Presentation Ready IT Cost Reports
No need to import data into other data visualisation tools before you present to senior stakeholders
Ready answers for your strategic questions
No need to invest hundreds of hours in excel analysis to answer queries
Easy to maintain
No programming knowledge required to configure the IT
Cost Model and requires fewer personnel to manage as well
Elevates the value of the TBM team
Spend less time on programming and post-excel analysis and more time on supporting your senior stakeholders with strategic initiatives
Compare any 2 scenarios
No longer restricted to budget-to-actuals comparisons. You can compare Budget vs Budget, Budget vs Actuals, Budget vs Forecast, Current State vs Target State, etc
Multi-entity ready
Out-of-the-box support for Today’s global IT operating model servicing global multiple Product lines and middle/back office departments
Automated Showback/Chargeback/Inter-company charges Reports
All offered out-of-the-box. All this with clear permissions control.
Automated Divisional Profitability Reports
Surface the true-cost of servicing Business Units, Products.
CostLens is the only tool that uses a big-data engine to enable end-to-end cost analytics that is critical to isolate cost problems
The uniquely designed ‘SplitLink’ framework is aware of cost metadata and automatically builds end-to-end cost relationships at a low level of detail. This helps isolate and drill down on problem areas easily.
A case study on how a leading Financial Services firm replaced its existing TBM tool and implemented a charging framework for its Shared Services
Select resources from our
Knowledge base
IT Cost Management for the ‘New Normal’ inspects how leading CIOs are managing IT costs in a post-pandemic environment