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  1. Home >
  2. IT Financial Management Software (ITFM) Software >

IT Financial Management Software (ITFM) Software
  1. Overview
  2. Products
IT Financial Management Software

What is IT Financial Management Software Software?

IT Financial Management (ITFM) software is a type of software that helps organizations plan, monitor, and optimize the costs and value of their IT services and assets. It enables IT leaders and managers to align IT spending with business goals, track IT expenses and investments, and measure IT performance and outcomes. IT financial management software can help organizations achieve several benefits, such as: Improving IT efficiency and effectiveness by reducing IT waste and optimizing IT value. Enhancing IT transparency and accountability by providing clear and accurate IT financial information. Supporting IT decision-making and governance by enabling data-driven IT planning and evaluation. Increasing IT customer satisfaction and trust by delivering IT services that meet their expectations and needs.

Common Features

  • Budgeting and Forecasting
  • Cost Transparency and Allocation
  • Benchmarking and Analytics
  • Governance Risk and Compliance
  • Vendor and Contract Management
  • Optimization and Automation
  • Offline License Management
  • SaaS Subscription Model
  • Integration

Our Methodology

8.1

Composite Score

Vendors are ranked by the composite score, which is comprised of feature, capability, relationship, and overall satisfaction scores while factoring in the volume and recency of reviews.

8.1

CX Score

The CX score is comprised of the emotional footprint metrics, balanced by metrics related to the overall value of the software, while factoring in the volume and recency of reviews.

Data Quadrant

SoftwareReviews collects user insights that help organizations more effectively choose software that meets their needs, measure business value, and improve selection.

Rankings, results, and positioning on SoftwareReviews reports are based entirely on end-user feedback solicited from a proprietary online survey engine.

Leaders

Products that resonate strongest in the market, balancing features with a great user experience.

Product Innovators

Products that emphasize product features, gaining strong recommendations from their customers.

Service Stars

Products that emphasize a good user experience and build strong relationships with customers.

Challengers

Products that are strong performers in some areas and trail in others. Often up-and-coming vendors.

Emotional Footprint

SoftwareReviews collects user insights that help organizations more effectively choose software that meets their needs, measure business value, and improve selection.

Rankings, results, and positioning on SoftwareReviews reports are based entirely on end-user feedback solicited by a proprietary online survey engine.

Champions

Products that resonate highly with users at an emotional level. Users have specific emotional views towards these products like love, trust, and effectiveness.

Relationship Builders

Products that are bulletproof and focus on fulfilling core needs with steady support, not the latest feature.

Value Players

Products that succeed on cost and service effectiveness with users.

Contenders

Products seen as good in some areas and trailing in others. Users look to these for innovation at the edge but aren't fully committed.

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Top IT Financial Management Software Software 2025

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

Products below are ineligible for awards due to insufficient recent reviews

IBM Apptio
IBM Apptio
IBM

IBM Apptio

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

1 Review
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When you are aligned across technology, finance, and business units, you get the most value from your tech investments. The IBM Apptio portfolio helps you get everyone on the same page and optimize your tech spend by: Making it easier to communicate the value of tech investments to all stakeholders. Getting rid of time-intensive and error-prone manual processes. Accelerating continuous planning cycles with more accurate outcomes. Offering real-time transparency and insights to make faster, data-driven decisions.

EZTBM
EZTBM
ITBMO

EZTBM

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

1 Review
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EZTBM® is a game changer: from IT being a cost-center to value-center. Our IT Financial Management Software comprehensively meets and exceeds the requirements of IT businesses.

ServiceNow Strategic Portfolio Management
ServiceNow Strategic Portfolio Management
ServiceNow

ServiceNow Strategic Portfolio Management

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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With ServiceNow’s SPM solution, you can build true organizational agility, delivering work across the enterprise that is aligned with strategic outcomes. With ServiceNow’s SPM solution, you can build clearly defined yet continuously adaptable plans, so you can capture strategies and targets. Roadmaps are updated with real-time status and financial data, so you can know if you are meeting objectives and make tradeoffs quickly and confidently when circumstances inevitably change.

Nicus ITFM Suite
Nicus ITFM Suite
Nicus

Nicus ITFM Suite

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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A Complete ITFM Solution. Extend transparency to every intersection of IT and the business, reveal unseen opportunities to optimize spend and empower decision-makers with insights they can act on. Now available on Nicus Cloud and as a native ServiceNow application.

MagicOrange
MagicOrange
MagicOrange

MagicOrange

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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MagicOrange helps you to understand your profitability and costs, enables you to utilise assets efficiently, shows accurate profit margins and reduce manual effort. It provides actionable insights that will drive your business transformation and future growth.

Bee360 ITFM
Bee360 ITFM
Bee360

Bee360 ITFM

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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Make smart decisions right at the point of decision making with Bee360 for IT Financial Management with always up-to-date financial and operational data. It clearly shows you where the costs are incurred, how the prioritization of expenses is determined, and what risks are considered.

ComSci
ComSci
Upland Software, Inc.

ComSci

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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Gain actionable insights on IT spend and consumption across labor, vendor, and assets. Using ComSci cloud-based financial management software, you’ll increase forecasting accuracy and IT accountability.

CostLens
CostLens
Amalytics Software

CostLens

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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CostLens is a fully hosted IT Financial Management software with a pre-built cost modelling engine aligned to industry-standards that automates Cost Transparency & Showback reports, enables Cost Takeout, Demonstrates value of Shared Services, and improves returns of Transformation initiatives.

ClearCost ITFM
ClearCost ITFM
Clearcost

ClearCost ITFM

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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ClearCost’s IT Financial Management (ITFM) Foundation allows for the seamless management of IT spend. Our ITFM Solution automates and expands analysis, planning, and forecasting of your IT costs, thus propelling an operation of continual optimisation over labour, vendor, asset, cloud, and project investment. Our IT financial management process fuels innovation and smarter spending and eliminates padding.

Serviceware ITFM
Serviceware ITFM
Serviceware

Serviceware ITFM

Insufficient Data
This product does not have enough reviews to meet the minimum criteria to display results. Please check back shortly or write a review.

0 Reviews
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Get rid of ever-growing Excel sheets. ITFM software optimizes the management of IT costs by streamlining processes and providing reliable data and clear metrics.

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