Next, the IT Finance group opted to develop a homegrown database to help manage their IT invoices and expenses. Unfortunately, the internal database was relatively reactive and provided them with very limited functionality and did not effectively meet their needs for expense management. The IT Finance group needed a dynamic, proactive software solution to effectively meet their cost management needs.
"It was the usual nightmare. We were paying them an exorbitant amount of money and getting zero savings."
Senior management required expense information be available on demand to manage the company. Reports had to be easily created and sent to management on a timely basis each month.
"We live and die by reports here. We support our internal IT groups and they depend on us to provide them with timely and accurate expense reporting," said their IT Finance Manager.
The IT Finance Manager has developed a Value Contribution Table and has realized over $400,000 in savings to the company since he implemented WinBill®.
"We are now able to be alerted to billing errors and have eliminated the problem of misallocated payment of bills."