ITM Software :: Products > ITM Business Suite

Download the ITM Business Suite Data Sheet

Vendor Management for
Banks - Beyond Compliance

The study, conducted by Factpoint Group, reports results on the value of vendor management to banks.



			The Emerging IT Business Application Suite: An RFP Template

Meeting the Challenge of IT Management

IT is as complex to manage as any other function in the business – too complex to effectively manage with disconnected spreadsheets and point solutions scattered throughout the organization. Increasing pressure on IT to deliver bottom-line business value requires a new level of visibility and control across the activities and functions of IT.

To help CIOs and IT leaders address this management challenge, ITM has delivered the first integrated approach to IT Business Management – one solution and one source of truth for visibility, coordination, and control across IT functions. IT now joins the ranks of the other business functions that have access to an enterprise-class business solution to help run their organization. ITM enables IT to better manage the interdependencies between business demands and IT resources by helping answer key questions, including:

What is the demand on IT?
What are the IT services and activities that support the business?
What resources and assets are deployed to perform these services?
What are the costs related to delivering these services?
What vendors are supporting IT and how are they performing?
What are the regulatory requirements? Are we compliant?

ITM provides the glue across silos of IT information enabling:

Increased visibility and transparency
Improved organizational efficiency
Better, more timely decisions
Cost reduction and more effective spending
Improved alignment to the business

The result: fact-based decisions that result in more business value for every dollar invested.

The ITM Business Suite Modules

Conceived by former CIOs and IT leaders, the ITM Business Suite is an integrated solution comprising six components addressing the most critical areas of IT Business Management:

The solution components consist of:

The ITM Foundation is an IT knowledge base consisting of the "Seven Pillars of IT Knowledge™". The Foundation establishes a comprehensive IT inventory that provides vital context to the process of IT decision making. All the application modules leverage this common base of IT knowledge.

ITM Financial Resource Management (FRM) provides the first comprehensive IT financial management solution built specifically for the CIO. ITM FRM establishes a level of IT financial transparency that allows IT and its major stakeholders to jointly make fully informed IT investment decisions.

ITM Project Portfolio Management (PPM) addresses the IT efforts most valued by the business – projects. ITM PPM enables IT to work with clients to identify and prioritize the highest value projects, and allows IT to establish consistent methodologies that ensure effective project execution.

ITM Vendor Relationship Management (VRM) focuses on the single biggest cost driver of sustaining operations – vendor expenditures. ITM VRM provides a comprehensive, single vendor management system that drives vendor costs down by eliminating vendor redundancy, proactively managing vendor contracts and obligations, and establishing ongoing vendor performance metrics. Ultimately, VRM maximizes the value derived from vendors.

ITM Governance and Compliance Management (GCM) addresses the wave of new corporate governance and compliance requirements that directly impact IT. ITM GCM allows IT to institute confidence through comprehensive, ongoing management of IT regulatory compliance initiatives such as Sarbanes-Oxley, while optimizing overall IT effectiveness.

ITM Human Capital Management (HCM) aims to optimize the alignment of the IT organization's skills and competencies, whether internal, outsourced, on-shore, or off-shore, with business needs. The goal is to ensure that the right people and skills are supporting the initiatives that maximize the business performance of the IT organization.

A Modular Solution that Delivers Rapid Time To Value

The ITM Business Suite was designed to be modular, enabling IT organizations to deploy solution components incrementally over time to tackle their highest priority challenges first and achieve a rapid time to value. In fact, organizations can see real value in as little as 90 days. Contact ITM Software to find out how we can help you improve IT effectiveness.