Effective IT management requires proactive and analytical financial steering methods to ensure successful IT- service operations. There are various decision making situations where financial planning and control are needed to support decision making by performing professional financial analysis. Increasing number of companies operate nowadays in group structures where IT services are delivered as centralized shared services. These arrangements set extra requirements for IT costing, pricing and invoicing of services especially in international environment where internal transfer pricing regulations are applied.
Performing IT specific financial planning and control is critical for successful steering and decision making with the following sub-topics: