techDaily.info :: Alinean Launches ‘CIO Survival Kit’

Thursday, January 08, 2009

Alinean Launches ‘CIO Survival Kit’

Posted: 8/5/2002

Posted By:	Alinean		Contact:	Jan Jahosky
Phone:	407.331.4699		Email:	jjahosky@alinean.com

Alinean Launches ‘CIO Survival Kit’

ValueIT Helps Execs Optimize IT Spending &
Pinpoint Projects’ ROI to Make the Most of Reduced Budgets

ORLANDO, Fla. (Aug. 5, 2002) — Alinean, the IT Value experts, today introduced ValueIT™, the first software ‘toolkit’ that helps CIOs tackle the top three challenges of IT budget management: quantifying the ROI of proposed projects, presenting the highest-value budget plans and measuring how these plans compare with competitors’ IT spending.

The software, which ships this fall, addresses the increasingly crucial need for credible, third-party tools to help evaluate and judge competing IT spending priorities. The software’s detailed financial reports equip CIOs to speak the language of CFOs and CEOs, another critical link in getting budgets approved.

“The role of the CIO has changed,” said Tom Pisello, president and CEO of Alinean, who pioneered ROI and TCO analysis a decade ago working with Fortune 1000 companies, analyst firms and solution providers. “They’re under increased scrutiny to constantly improve the ROI of IT spending, and then communicate the value effectively.”

Managing the ‘IT Value Chain’
ValueIT gives IT executives a unified framework to assess and quantify the ROI of new projects. Because it integrates financial costs and benefits, and customized key performance indicators, the software can measure how a project contributes to strategic company goals - such as increased revenue, improved worker productivity, higher customer satisfaction, more market share, and an increase in shareholder value. For the first time, CIOs can compare competing projects and vendors’ proposals, using consistent and objective assumptions and metrics.

ValueIT helps IT executives communicate with all stakeholders in the IT value chain – from business unit managers, directors and executives to customers, suppliers and shareholders. Having ROI comparisons for all proposed projects helps CIOs quickly understand which projects should get the green light, and which may require more research – especially before the budget is presented to the CFO or the board of directors.

With ValueIT, the CIO can quantify the expected results of different projects, making it easier to explain to a business unit director why a specific project may not merit funding – a common situation today - when less than 10 percent of IT budgets is dedicated to innovation.

By tracking IT performance over time, ValueIT ensures accountability, which builds credibility for the department. Comparing IT spending with peers provides additional independent validation, and helps drive competitive advantage.

Creates a Standard Language for IT ROI and Value
ValueIT consists of three integrated software tools to help companies manage the ROI, value and competitive positioning of IT:
Project ROI uses templates and building blocks to help build a risk-adjusted, discounted cash flow analysis of proposed projects. At the core is Alinean’s ROI Dashboard™ methodology, which weighs project costs versus tangible benefits, intangible benefits and project risk. It calculates often-hidden costs and allows quick assessment of numerous “what-if” scenarios. Standard and objective financial metrics are applied to projects of any scale or complexity.
Budget Planning rolls up any combination of projects, to help pinpoint how planned spending and benefits will affect the proposed IT budget - and more importantly - corporate financial statements and profitability. A summary executive snapshot notes the highest-value projects and incorporates customizable indicators to gauge success. Detailed financial statement impacts, budget plans and line-item analysis are only a click away.
Peer Comparison charts how proposed IT budgets compare with IT performance and spending data from more than 7,500 publicly held U.S. companies, in more than 400 different industry segmentations. Peers for comparison can be selected by industry, company size, revenue, geography or name. By setting IT spending and performance benchmarks, IT executives are better equipped to establish meaningful spending plans and impact competitive positioning.

“Alinean’s ValueIT software helps CIOs quantify the ROI of new projects, prioritize the IT plan, present the budget effectively and defend their choices,” said Carey Azzarra, chief research officer, Hurwitz Group. “It’s what CIOs need - to assess, present and optimize IT’s financial performance.”

About Alinean
Alinean develops software tools to prove and improve the value of IT investments. The company’s founding team pioneered the concept of interactive ROI and TCO software in 1994, developing award-winning solutions for leading IT vendors and consultants. Its research methodologies and software tools are used by analyst firms, vendors and enterprises, and have helped drive hundred of millions of dollars in IT spending. The company, founded in 2001, is privately held and headquartered in Orlando. For more information, visit the company's Web site at www.alinean.com or call 407.822.2426.
# # #

For Media Inquiries:
Jan Jahosky
Alinean, LLC
407.331.4699
jjahosky@alinean.com
Megan Sayce
Corporate Ink
617.969.9192
msayce@corporateink.com

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