ISELIN, NJ--(Marketwire - May 19, 2011) - ComSci, LLC, a leading provider of Technology Financial Management (TFM) solutions for IT Cost Transparency and Demand Management, today announced its relationship with PPG Industries, a global coatings and specialty products company, to make technology costs more transparent to PPG's IT senior executives and PPG's business management.
PPG Industries previously managed IT billing and technology 'charge backs' via an in-house solution. Similar to other organizations embarking on a technology refresh initiative, PPG assessed the cost of upgrading their existing legacy environment versus acquiring a purchased IT Finance Management solution. After a comprehensive review of IT Financial Management vendors, PPG partnered with ComSci to increase IT financial transparency and improve technology cost transparency throughout the PPG organization.
Implemented in the U.S. in January 2011, the initial phase of the engagement enables PPG business directors to view all charges for IT products and services as well as selected non-IT costs such as individual communications charges from its centralized U.S.-based IT organization to PPG's North American operations. PPG has plans to roll-out the ComSci solution globally to add other regional and local in-country charges that can be viewed through a consolidated technology consumption invoice.
CIO Invoice™ is ComSci's Web-based, multi-currency monthly consolidated invoicing statement that delivers an in-depth understanding of the costs involved in delivering services to business units. Now, PPG managers can access itemized details of all technology expenses -- whether for software licenses, labor charges or an allocation charge for a particular service -- and gain business intelligence through a single source rather than having to access multiple financial systems to analyze total costs. As a result, PPG is better able to make informed decisions regarding technology product and service consumption and future technology investments.
"As we have grown, it has become increasingly intricate to manage IT investments down to user-level invoicing across our global organization," said Werner Baer, vice president of IT, for PPG Industries. "Our business managers have expressed the need for greater transparency and detailed insight into IT expenses in a single report. ComSci enables us to provide that level of granularity so they can see what they are spending and the elements that contribute to the total expense."
Baer continued, "ComSci was able to deliver a fully hosted solution that matched our requirements and provided business users with a consolidated view of their consumption of IT services. It has been a smooth transition that allows us to make our billing more transparent to our internal customers and enables them to make more fiscally responsible technology decisions."
About PPG Industries
PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
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. For more information on ComSci, please visit www.comsci.com or the IT Finance Blog at www.comsci.com/it-finance-blog.