ISELIN, NJ--(Marketwire - August 3, 2010) - ComSci, LLC, a leading provider of Technology Financial Management (TFM) solutions for IT Cost Transparency and Demand Management, today announced that a global information and education company has selected its solutions.
The organization has implemented ComSci's Technology Financial Management (TFM) solution for IT cost transparency and technology chargeback. Using the ComSci "CIO Invoice™" feature, it is now able to provide business managers with an easy-to-understand monthly invoice that reports their various IT charges. Business line managers and other users are able to securely access this invoice online using ComSci's BillBrowser™ module.
ComSci Vice President Michael Siniscalchi commented, "This client will also be one of the first users of ComSci's new ITCostFlow™ module. This module enables our clients to establish, assign budgets and gain a deeper understanding of the cost drivers associated with the products and services they're delivering to internal clients. Its flexible and scalable functionality includes rules-based templates that precisely assign costs to activities, services and the products and services 'sold' by IT."
He continued, "By using ComSci, business-unit executives can gain insight into their consumption and utilization of all IT products and services. That means IT cost conversations can change from tactical to strategic, which enables companies to view IT as a key means of maintaining a competitive edge."
About ComSci
ComSci delivers Technology Financial Management solutions that empower organizations to implement more effective IT financial management processes that support their ITIL V3 initiatives. Through decades of experience and its suite of web-based tools, ComSci helps IT organizations reduce costs by enhancing technology transparency and visibility, which in turn enables business units to understand and optimize demand and utilization of technology resources. ComSci is headquartered in Iselin, New Jersey, and was founded in 1971. ComSci clients include companies such as The Bank of New York Mellon, NYU Langone Medical Center, 1-800-FLOWERS.COM, Memorial Sloan-Kettering Cancer Center, SAP, and UBS Investment Bank.