Finance Transformation.
Shift from project to product funding

Agile product delivery puts pressure on the rest of the system to adapt. Thus, your finance organization needs to move from a traditional budgeting model to a fixed capacity allocation model. Without any doubts, this journey is not easy. The thing is that your finance process has been established to not only accommodate the IT development practices, but to take care of stakeholder reporting & external regulatory obligations as well. Where do you start?

We are here to help walk you through it one step at a time. To kick start your Agile journey, you need to consider the stress points on the system such as new DevOps practices, Scaled Agile framework, and project to product-based development. We’ll share with you the best strategies to break down the necessary components to build a new funding model.

At Vincerion, we understand the criticality of funding innovation for the future while keeping the lights on today. We know that without a plan, your digital transformation can be a disruptor that often conflicts with your traditional finance processes. Moreover, our clients recognize the struggle with the planning and reporting associated with the rapid development of capital assets and their labor costs. As a rule, they felt overwhelmed and frustrated when it came to Year-end reporting, depreciation practices, and understanding of the Total Cost of ownership.

You might be looking for opportunities to improve some of your operations. Why not start by automating time writing? It’s a known fact that having to timewrite multiple charge codes per project and dealing with all the common redirects reduces both the flow and operational costs. As certified Targetprocess implementation experts, we are able to help you integrate Apptio Targetprocess with your ERP system to automate charge code assignment and timewriting submissions! We have successfully developed custom solutions and implemented this process for over 2,000 IT employees of a Forbes 10 company.

Apptio Targetprocess is a leading enterprise agile management solution that enables organizations to rapidly scale and adopt agile practices and accelerate business agility. As the number of teams adopting agile in an organization grows, they need a solution that coordinates efforts. Besides, it is essential to efficiently map resources and ensure alignment to the overall business objectives, whether that is using SAFe, LeSS or other custom enterprise agile framework. By connecting strategy to execution and being the only solution that integrates directly with the industry-leading ApptioOne financial management platform, Targetprocess enables enterprises to track the full ROI of their innovation workstreams, inclusive of labor and technology costs, to help them make smarter decisions about technology investments. 

Targetprocess will help create a closed feedback loop for innovation and make smart funding decisions by accurately tracking and communicating the ROI and business value of project and product development. Existing EAP tools rely on rough estimate models for labor costs and do not compare these estimates against actuals when a product is delivered. Hence, these estimates can’t support changes in personnel and staffing that may occur spontaneously and often, creating inaccurate labor capitalization estimates.

Implementing a fixed capacity allocation model creates an opportunity to simplify the FinOps of any given portfolio. Leveraging Targetprocess to drive your work item classification enables finance to directly allocate capital spend, easily monitor capitalization trends, and plan depreciation schedules. This process not only promotes but requires a strong and active partnership between product management and finance. Besides, improving transparency and bridging the gap between your organizational silos is essential.