HP intros financial Soln Analysis

NEW DELHI, INDIA: HP has announced a customized HP Financial Solution Analysis for enterprise clients to analyze both direct and indirect costs, which are associated with IT solutions. The information is used to help the clients to take financial decisions and gain maximum value from their IT investment strategies.

Offered through HP Financial Services, the company’s leasing and life cycle asset management services division, HP Financial Solution Analysis develops data for CFOs and CIOs for evaluating the merits of competing IT investment approaches and methodologies. To accomplish this, the solution analyzes the full spectrum of costs related to a client’s IT investment, including expenses for hardware, software, maintenance, training, energy (power and cooling), applications development, downtime and end-of-life disposition.

“Organizations need to remove the guesswork from how their capital dollars can be most effectively invested,” said Arindam Chandra, Country Manager–Financial Services, HP. “While working with HP, clients gain valuable insights in refocusing IT investments to support innovation and business growth, versus investing in the operations of an aging infrastructure.”

For enterprise clients, HP Financial Solution Analysis offers a deep dive in their company’s existing infrastructure, which includes cataloging the quantity and type of in-place IT assets, evaluating the remaining book value, identifying internal IT users and their needs, as well as benchmarking IT-related expenses. Through this solution, the organizations can find ways to reclaim funds that are trapped in operations and shift resources and expense from operations to innovation.

“IT investment is a major piece of most enterprise companies’ budgets,” said David Mitchell, Senior VP–IT Research, Ovum. “Identifying the hidden costs and false economies associated with maintaining older IT equipment can help CFOs and CIOs to prioritize competing demands for capital. For example, while companies usually fund IT acquisition from a centralized source, the ongoing costs–power and cooling costs, maintenance, software updates, among others–are decentralized and typically never seen at the corporate level,” he added.

Upon completion of the analysis, HP Financial Services works closely with clients to develop and deploy a technology solution that meets their needs best. As an asset management services company, HP Financial Services enables the clients to intelligently and economically manage their business technology investment across the full IT portfolio, from planning and acquiring technology to replacing and retiring it.