Nicus Reviews & Product Details

WE have transferred all the day to day work of the IT Finance team to Nicus. This has gotten them off of multiple spreadsheets and allowed better reporting. One team member told me that now the tools used are not the bottleneck but getting the reports from the cost center owners. We do all financial reporting out of Nicus now and the IT directors are used to seeing the financial reports in Nicus. We are now expanding to creating a Cost Model and generating the first Bills of IT to validate with the business side. Review collected by and hosted on G2.com.

IT maturity is an on-going process and services owners have to remain engaged and bought into the value of ITFM. NICUS helps us engage our service owners in ITSC Portfolio Review meetings. Since integrating the product we have been able to show how we are reinvesting in IT. Review collected by and hosted on G2.com.

Understand your business and the way you work best with solutions. We found Nicus was a good cultural fit for us as much as a good tool fit. Having both helps to drive the relationship towards Partnership. Review collected by and hosted on G2.com.

We are working to implement a TBM practice and are leveraging Nicus to assist us with the establishment of that through the deployment of their Cost Transparency module. Review collected by and hosted on G2.com.

Our IT leadership tasked the IT Finance team with understanding the cost of the services we provide, the business applications we support and the annual IT investment by business division. Our project and investment approval processes were not taking into account run- the-business costs, and our run costs were increasing year over year. Our team did not have the resources nor the tools to be able to answer these questions, and current state was to conduct ad-hoc, inconsistent analysis. We brought in Nicus' ITFM Suite to build sustainable, consistent, defendable process with the objective of producing Bill of IT and Application total-cost-of-ownership reporting for both IT and the business.

In the first year, we were able to provide application total cost of ownership data to our IT manager and business partners. This data replaced the ad-hoc analysis we would have been required to undertake to support business case and cost benefit assessments, and saved our team hundred of hours of effort. Additionally, our Corporate Planning department utilized our output to influence their annual IT portfolio investment planning. As a result, we were able to start charging back the business divisions for their IT run costs which resulted in more fruitful conversations about balancing run vs grow - for example, addressing continuing to invest in legacy technologies or purchasing new technologies when existing tools had the same capabilities. Our Corporate Finance department are considering revising their IT cost allocation processes to utilize our Bill of IT output.

Overall, we started realizing hard and soft benefits within months of implementation, and Nicus ITFM Suite has provided us with a solid foundation as we start to look at our IT services and applications with an enterprise lens. Review collected by and hosted on G2.com.

Great support, staff is amazing! Review collected by and hosted on G2.com.

Transparency into what is driving costs. We love our App TCO data for CBA's. Review collected by and hosted on G2.com.

We have achieved a high level if IT development and infrastructure business management reporting. We also extended our use of Nicus beyond IT to include extensive time collection processes, operations financial reporting and client profitability. Review collected by and hosted on G2.com.

Improve our IT Finance process and implement greater Cost Transparency. Review collected by and hosted on G2.com.

If you want a team of great people that are willing to find and implement solutions to your problems and in a quick and efficient manner, then Nicus is that team. Review collected by and hosted on G2.com.

Since we load allocation statistics for various cost pools, Nicus has been instrumental in helping us maintain these statistics in a centralized manner, despite all of the inherit differences, and automate much of the loading processes along the way. Review collected by and hosted on G2.com.

Nicus is a great product and I look forward to expanding its use. Review collected by and hosted on G2.com.

Among other specialty items, Nicus has helped us work through how to include Investing expenses in our budgeting and projection processes. Review collected by and hosted on G2.com.

There are multiple products in the marketplace today. Do your research, compare apples to apples before you make a decision. Consider the product suite, development road map and the skill set of the implementation team before deciding. Review collected by and hosted on G2.com.

Provide our IT and Finance teams insight into IT spend and trends at the account, vendor and investment level,. In addition, create automation around our forecasting and planning efforts. This data is critical to managing expectations within IT and with our business partners. Review collected by and hosted on G2.com.