Digital Fuel to Showcase How Cummins Saved $30 Million with IT Financial Management and Business Unit Visibility

Online, May 26, 2010 (Newswire.com) - SAN MATEO, CA (May 25, 2010) - Digital Fuel, the leading provider of SaaS IT Business Management solutions, announced today that as part of the 2010 New York CIO Executive Summit, the company will showcase how its customer, innovation powerhouse Cummins, Inc., has saved more than $30 million with Digital Fuel's IT financial management and business unit visibility solution. The Summit runs 7:30 a.m. - 6 p.m. on Tuesday, May 25 at the New York Marriott Marquee.
Digital Fuel's IT Financial Management solution is built specifically to manage IT from a business and IT services perspective. The solution automates the key processes necessary to accurately control IT spending including IT demand management, IT budgeting and planning, IT cost modeling and allocation, proactive IT cost control and IT cost optimization, as well as billing, show back and chargeback for IT services consumed by business units. This automation of these critical IT processes makes it easier for companies to decide among a complex set of IT delivery options, including virtualization and an increasing array of cloud services, to effectively compare quality and cost options before making an investment.
"CIOs are looking for better ways to manage IT functions as a business and demonstrating business value from IT. But, this requires accurate cost measurement and analysis to understand the enterprise-wide IT costs and business impact," said Yisrael Dancziger, president and CEO of Digital Fuel. "Our SaaS IT Financial Management solution fills this need with automation of the processes critical to managing the business of IT."
In a recent webinar, Cummins presented how they saved more than $30 million to date by improving efficiency, reducing waste and improving collaboration. With deeper visibility into IT cost and overall business impact, companies like Cummins can not only cut IT spending, but also more accurately predict and budget for IT expenditures and better overall business benefit.
"Complete IT financial management and business unit visibility has given Cummins a better understanding of the cost of services being delivered and clearly illustrates to each business unit what they're spending for improved demand management," Dancziger said.
In the case of Cummins, the company saved $1.1 million in UNIX server utilization improvements, another $1.3 million by optimizing email usage and efficiency, and other specific cost optimizations totaling more than $10 million in savings-all within the first year alone. Others, like Global Crossing, Nationwide Insurance and Volkswagen have experienced similar results each year with the help of Digital Fuel.
"There isn't a single business today that can deliver on its promise to its customers without IT," Dancziger said. "By providing CIOs and their internal customers with critical insights into accurate cost and usage information, our IT Financial Management solution helps companies run IT as a business, streamline operations, understand the business impact of every decision and reveal ways to cut costs like they never could before."
The 2010 New York CIO Executive Summit brings together CIOs from the region's largest organizations to provide a dynamic, relevant peer-to-peer exchange that addresses the opportunities and challenges in achieving best practice operations in enterprise technology management.
For more information about Digital Fuel's IT Financial Management solutions, visit www.digitalfuel.com. For more information on the CIO Executive Summit, visit www.bycios.com.