Financial services company First Horizon National has selected Digital Fuel's IT Financial Management to automate IT Financial Management processes in order to gain transparency into overall IT expenses, optimize IT costs, and increase the value delivered to the business by IT.
Digital Fuel claims that with its IT Financial Management, First Horizon has achieved transparency in its IT Cost across more than 20 business units.
By leveraging the fast deployment of the SaaS-based solution, First Horizon was up and running in less than a month with IT Costing and IT cost optimization.
First Horizon National senior VP and finance director Ann Fite said First Horizon’s teams were spending significant effort compiling the financial information needed to understand IT costs and value. Now with Digital Fuel First Horizon has the business application and dashboards and drilldown it need to show its business lines how their usage and unit costs impacted their IT spend and how it compares to industry averages.
"Digital Fuel’s IT Financial Management is poised to change the conversations we have with our IT teams from talking about line item expenses to discuss value received and identify ways to increase value while reducing cost," Fite said.