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HP Financial Planning and Analysis software

HP Financial Planning and Analysis software

HP Financial Planning and Analysis software

Product catalog summary
Overview
HP Financial Planning and Analysis (FPA) software is designed to provide IT stakeholders with actionable information to support effective management of expenditures. It is a key component of the HP IT Financial Management solution, offering tools for financial management process improvement and enhanced visibility into process effectiveness and efficiency.
Key Challenges
  • Difficulty in accumulating financially based information for IT investment decisions.
  • Data is dispersed across various systems, lacking governance controls, and is not meaningful to business leaders.
  • Comprehensive IT cost views are time-consuming and expensive to produce.
  • Reports are often infrequent or delayed, reducing their usefulness.
HP FPA Features and Benefits
  • Data Integration: Simplifies integration of plan and actual cost data, reducing manual consolidation efforts.
  • Self-Service Access: Provides stakeholders with trusted information and visibility.
  • Dynamic Allocation: Enables reporting at program or business service levels for better decision-making.
  • Multidimensional Cost Views: Facilitates variance analysis and understanding of cost drivers.
  • Budgeting and Planning: Automates budget building using prior data.
IT Cost Management
  • IT Cost Dashboard: Highlights areas needing attention and allows performance tracking by various dimensions.
  • Cost Explorer: Enables detailed exploration of cost variances across multiple dimensions.
  • IT Performance Management: Integrates financial data into broader performance metrics.
Implementation and Support
  • HP FPA is adaptable to various systems and can start with existing data, transitioning to enterprise systems as needed.
  • Offers comprehensive training and support services to maximize software potential.
  • Provides financial services for acquiring and managing HP solutions.
Conclusion
HP FPA supports cost transparency and decision-making for IT management, accounting, and business leaders. It simplifies data consolidation and aggregation, offering a comprehensive solution for IT financial management.
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Catalog excerpts

HP Financial Planning and Analysis software-1

HP Financial Planning and Analysis software - Datasheet (US English) table.main {} tr.row {} td.cell {} div.block {} div.paragraph {} .font0 { font:8.00pt "Arial", sans-serif; } .font1 { font:11.00pt "Arial", sans-serif; } .font2 { font:13.00pt "Arial", sans-serif; } .font3 { font:14.00pt "Arial", sans-serif; } HP FINANCIAL PLANNING AND ANALYSIS SOFTWARE HP Financial Planning and Analysis (FPA) software provides your IT stakeholders with actionable information that supports effective management of expenditures. HP FPA software is a key component of the HP IT Financial Management solution. Actionable information is difficult to obtain. IT and the rest of the organization must work together to improve IT services. This requires a service-based approach to finance. FPA provides information in a meaningful way to business, accounting, and IT management stakeholders with prebuilt reports and ad hoc analysis. Along the way, it supports financial management process improvement by providing unprecedented visibility into process effectiveness and efficiency. CIO surveys and feedback from a wide variety of HP customers highlight the following key problems in managing IT costs today: The financially based information needed to make better IT investment decisions is difficult to accumulate Օ The data that is available is spread across many different systems, lacks key governance controls, and is not meaningful to the leaders of the business functions served by IT Putting together a comprehensive view of the cost of an IT application or a service is time consuming and expensive Օ The effort and time required to produce meaningful data means that the reports produced tend to be too infrequent or delivered later than the business would like Many companies use manually crafted spreadsheets or expensive homegrown systems to provide critical planning information for budgeting, decision support, or to prepare for chargeback. With these antiquated solutions, the cost of supporting the informational needs of business, accounting, and IT management stakeholders is high and the information quality is uncertain at best. Organizations end up spending more time gathering data than actually using it. HP FPA draws on data from multiple sources to provide easier and automated access to that data with embedded analytics, advanced graphical representations, and customizable views. Empower your organization with actionable information. HP FPA provides: Simplified integration of plan and actual cost data to help eliminate the manual effort involved in repeatedly consolidating cost data from multiple sources. Օ Self-service access to trusted information to provide each stakeholder the visibility they need. Dynamic allocation aimed at reporting at a program or a business service level to make better business decisions. Օ Multidimensional cost views to enable variance analysis, help stakeholders understand cost drivers, and deliver decision-support information. Budgeting and planning features that utilize prior data to help automate the budget building process. With prebuilt data integration, data cleansing, and a central repository for cost information, HP FPA software helps you significantly reduce the effort involved in transforming cost and budget data into easy-to-understand cost information.

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HP Financial Planning and Analysis software-2

HP Financial Planning and Analysis software - Datasheet (US English) table.main {} tr.row {} td.cell {} div.block {} div.paragraph {} .font0 { font:8.00pt "Arial", sans-serif; } .font1 { font:11.00pt "Arial", sans-serif; } Financial summary dashboard A single pane of glass based on multiple data sources and showing key metrics at the top, historical data charted below, and context-driven detail at the bottom. Key features and benefits Rapid start: Get started using data that you already gather in Microsoft® Excel, then draw on tools like HP Asset Manager or HP Project and Portfolio Management...

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HP Financial Planning and Analysis software-3

HP Financial Planning and Analysis software - Datasheet (US English) table.main {} tr.row {} td.cell {} div.block {} div.paragraph {} .font0 { font:6.00pt "Arial", sans-serif; } .font1 { font:8.00pt "Arial", sans-serif; } .font2 { font:11.00pt "Arial", sans-serif; } Bill of IT and service dcomposition Bill of IT by Business Service for ORG E (FY2011) IT financial management is a key component to improve overall IT performance management. Most companies start investigating IT financial management to get a better handle on cost and to improve transparency for those costs to the rest of the business....

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HP Financial Planning and Analysis software-4

HP Financial Planning and Analysis software - Datasheet (US English) table.main {} tr.row {} td.cell {} div.block {} div.paragraph {} .font0 { font:6.00pt "Arial", sans-serif; } .font1 { font:8.00pt "Arial", sans-serif; } .font2 { font:11.00pt "Arial", sans-serif; } .font3 { font:13.00pt "Arial", sans-serif; } .font4 { font:44.40pt "Arial", sans-serif; } Make better dcisions with HP FPA FPA supports cost transparency for IT. It also supports the informational needs of IT management, accounting, and business leaders to help them make better investment and IT execution decisions. With highly configurable...

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