HP announces a Financial Solution Analysis for enterprise clients

href="http://dqchannels.ciol.com/content/space/110051304.asp"> style="font-weight: normal;">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 color="#000000">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.