Having the right technology resources and utilizing them correctly is key to achieving business goals. This is why Technology Business Management Software is here to help your organizations align your IT infrastructure and software assets with your business goals. By giving you a better understanding of the value of those IT assets to your business, technology businesses management solutions can help you optimize business technology resources for your organizations’ success.
8+ Technology Business Management Software
2. VRealize Business
4. Sustainable Planner
6. BMC’s IT Business Management Suite
What Is Technology Business Management Software
Technology business management (TBM) solutions are data-driven tools that assist organizations in better understanding, overseeing, and optimizing their technology business assets. TBM software has been adopted by enterprises across all industries and is used by CIOs and IT leaders, business relationship managers, IT finance specialists, service owners, and development operations and application owners.
TBM software integrates with Information Technology Asset Management (ITAM) Software – a software that helps in facilitating inventory and lifecycle management of a business’s software and hardware assets. This integration allows TBM software to offer accurate, real-time reporting through automation, improve the way you make decisions for key IT initiatives, help executives manage the cost and quality of the services consumed, allocate IT resources to the most relevant business priorities, and transform IT from a cost-center to a profitability-enabler.
Technology business asset management software supports planning, analytics, forecasting, budgeting, cost tracking, billing, value management, risk management, audit management, compliance tracking, procurement management, and the optimization of application portfolios and infrastructure resources. In addition, TBM solutions also facilitate cost transparency and KPI benchmarking, provide business insights, and help enhance the value of every technology investment for your business.
Top 10 Technology Business Management Software
Apptio is a TBM solution offering integrations with Amazon Web ServicesSAP Business OnePeopleSoft FinancialsVMware vCenter ServerServiceNow IT Service ManagementMicrosoft SQL Server, and many others. Features include IT cost transparency, IT budgeting and forecasting, IT showback/chargeback, and IT benchmarking.
2. Sustainable Planner
Sustainable Planner is a business continuity solution tailored to empower organizations to implement processes that build, update, and maintain continuity and risk management plans. This is a resilience planning tool that can help business continuity, risk managers, and information security professionals optimize efficiency.
UMT360 is an enterprise portfolio management software solution with good reviews and customer ratings. UMT360 makes $5.1M in revenue per year and has 35 employees.
4. Genuity – GoGenuity.com
Genuity – GoGenuity.com is tailored to manage assets, vendor spends, usage, contracts, strategic sourcing, and spend analysis. This business management platform allows your teams to spend smarter and maximize every dollar spent.
HarmonyPSA is an end-to-end business automation software designed for technology businesses. This software solution is accessible from the cloud on any device and supports the entire business lifecycle, from lead generation to contract renewal.
6. BMC IT Business Management Suite (Discontinued)
BMC IT Business Management Suite is an IT financial management solution. This software solution has good ratings and makes $2B in revenue as of 2019.
7. vRealize Business
vRealize Business is a cloud-based business management solution for IT infrastructure and operation teams that helps with the deployment and management of hybrid cloud environments more efficiently.
Ansarada uses AI and machine learning to highlight risks and opportunities, raise and protect potential, and optimize processes from deal preparation to close. Ansarada makes $12M in revenue and has 150 employees.
CostPerform’s TBM solution offers a framework for understanding the relationships between the business and the level of technology spending. With CostPerform’s cost and performance management software, you can get the needed financial and operational tooling to implement the TBM framework within your organization.
ClearCost harnesses the technology business management framework to support you in managing your IT costs. This TBM software solution provides you with a comprehensive solution and extensive expertise to make sure your IT dollars are spent wisely.
How Does TBM Software Work?
TBM software facilitates the optimization of infrastructures and software assets and provides insights that will help organizations understand the value of those technology assets to their business.
How Much Does TBM Software Cost?
Pricing is actually based on the features included in the size of your enterprise/installations. Vendor quotes are provided for your specific requirements.
What Are Some Examples of Software Assets?
– Computer software
– Computer hardware and software collateral
– Restricted computer software
– Computer software documentation
– Computer systems
– And others
The key to creating real innovation and growth for your business is to consistently evaluate the demand, cost, quality, and value of your IT resources in order to gain a better understanding of technology and service consumption, performance, and future needs. By harnessing the power of artificial intelligence and machine learning, TBM solutions help enterprises, like yours, understand the true cost and value of IT and run it like a business.
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