HP announces a Financial Solution Analysis

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," added Chandra.

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.