Case Study: a financial services company optimizes 4,500 applications with Apptio TBM

a financial services company saves $65 million with Apptio

A financial services company faced challenges in managing its technology expenditures due to disjointed data sources, over-reliance on spreadsheets, and a lack of financial transparency. This hindered its strategic initiatives to improve operational efficiency and accelerate its digital strategy. To address this, the company adopted the Technology Business Management (TBM) framework using solutions from the Apptio portfolio, including ApptioOne.

By implementing Apptio, the company standardized its total cost of ownership reporting for over 4,500 applications and automated budgeting and forecasting. This provided clear financial insights, enabling better decision-making. The results were significant, including the identification of $65 million in savings and optimization opportunities, over $100 million saved from hosting strategy decisions, and a 25-50% reduction in budget cycle times. Apptio also enabled industry benchmarking and streamlined vendor payment processes.