Service

Financial X-ray

Through detailed benchmarking against peers, compare and analyse the full cost of your IT services and improve efficiency or make the case for change.

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About Financial X-ray

The Financial X-ray helps IT departments to benchmark, understand and easily compare overall costs. It's a useful tool to build a business case for changes in IT infrastructure, and create an ongoing mechanism for dialogue between finance and IT departments. It can also provide a means of highlighting the comparative cost of shared and commercial third party services.

We took advice from the British University Finance Directors Group (BUFDG), Universities UK (UUK), and the Universities and Colleges Information Systems Association (UCISA) to develop the Financial X-ray.

BUFDG connected us with several universities interested in gaining a better understanding of their IT costs. Some universities had been offered ‘return on investment calculators’ by their IT suppliers however these tools fail to reflect the position of research and education organisations.

Find out more

Read our Financial X-ray service product sheet featuring testimonials from the community.

Benefits

Detailed statistics about your institution’s IT spend
An accountant will carry out much of the work so your staff are not burdened
Prompt service carried out in days rather than weeks
Access to statistics for other organisations to benchmark your spend against the sector
A final report for presentation to senior management.

Key features

The model can provide you with:

Detailed data including total IT costs as a percentage of annual turnover
Information on money spent on student-facing IT services per year
Costs to support bring your own device
Annual running costs of your data centre.

Terms and conditions

Download the full terms and conditions for this service (pdf).