SOURCE: ComSci

ComSci

August 25, 2010 11:00 ET

ComSci Reports Increasing Market Interest in Technology Financial Management Solutions

Even During Challenging Economic Conditions, ComSci Has Grown More Than 30% Since Last Year

ISELIN, NJ--(Marketwire - August 25, 2010) -  ComSci, LLC, a leading provider of Technology Financial Management (TFM) solutions for IT Cost Transparency and Demand Management, today validated the increasing market interest in its offerings by revealing the company has grown by more than 30% over last year's mid-point. ComSci's growth is further underscored by its recent decision to expand its infrastructure through strategic partnerships to support the escalating adoption of its products.

The company reports substantial demand for its ITCostFlow™ module, which enables organizations to easily establish "unit rates" for the products and services that IT delivers to internal customers. Creating a simple and efficient process to map IT cost drivers -- such as salaries and maintenance -- to the products and services provided by IT, ComSci's ITCostFlow helps assess fixed versus variable components of product costs to determine opportunities for cost savings. Benchmark infrastructure costs are contrasted against industry peers and viable alternatives such as cloud computing are suggested. Dynamic "What-If" analysis capabilities provide companies with the ability to model changes in the business. ITCostFlow's configurable dashboard can be tailored on a user-level, enabling each business unit to view the information that is most relevant to them.

Also garnering significant attention is ComSci's CIO Invoice™ product. CIO Invoice delivers an in-depth understanding of the costs involved in delivering services to business units. It fosters an environment in which business unit managers become partners with IT, ensuring that IT services are more effectively and efficiently consumed.

An example of a recent enterprise implementation of ComSci's Technology Financial Management (TFM) solutions for IT cost transparency and technology chargeback was announced earlier this month. A major global information and education company implemented "CIO Invoice™" to provide its business managers with an easy-to-understand monthly invoice that reports department-level IT charges. 

Earlier in the year, ComSci client 1-800-FLOWERS, INC. (FLWS), the world's leading florist and gift shop, was selected by the attendees of the Pink Elephant 14th Annual IT Service management (ITSM) Conference & Exhibition as the global award winner of the prestigious ITIL® Case Study of the Year. During this timeframe, ComSci was also named as one of the most prominent vendors in the Service Billing and Chargeback category by the industry's leading research firm.

In May 2010, ComSci announced details of its relationship with Connectria Corporation, a global complex and managed hosting provider. ComSci has leveraged Connectria's hosting services for its web-based solutions since 2007 and has recently expanded the relationship to support ComSci's continued growth.

Michael Siniscalchi, ComSci's vice president, commented, "You cannot manage what you cannot measure. Providing business managers with an in-depth understanding of their IT consumption charges, especially in the case of cloud computing, requires solutions that have been designed expressly for this purpose. Relying on spreadsheets and other manual processes will not enable organizations to rein in their IT spending in a strategic manner that truly benefits the business."

Siniscalchi continued, "And while demand management is an important aspect of TFM, ComSci delivers added value is through our ITCostFlow offering, which enables organizations to perform detailed analysis on fixed versus variable costs, establish benchmarks and glean actionable information to support better business decisions. We're looking forward to helping more organizations proactively manage their IT costs."

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. 

Visit www.comsci.com for further information.