Case Study: BMO achieves greater cost transparency and cloud savings with Apptio

BMO reduces cloud spend waste 17% with Apptio

BMO, a leading North American bank, faced a challenge in its digital transformation due to limited visibility into its multi-billion dollar IT cost base. Over half of these costs were allocated evenly across the organization, which obscured true expenses and limited cost-saving opportunities. To accelerate its strategy, BMO needed a solution for greater cost transparency and partnered with Apptio to implement its technology business management solutions.

Apptio provided a platform that enabled BMO to unify financial and operational data into a standard taxonomy, moving the company away from manual spreadsheets and assumptions. The solution increased direct cost attribution by 70%, reduced cloud spend waste by 17% in the first year, and provided critical insights for labor cost planning. Apptio's tools gave BMO's leaders the transparency needed to make informed decisions, optimize costs, and build a foundation for future AI adoption.

BMO