Apptio Inc. (Apptio), a provider of technology business management (TBM) solutions, introduced its first certified solution available in the ServiceNow Store. This integration with ServiceNow provides users with a near real-time view of their organization’s actual technology cost structure.

By combining operational data from ServiceNow with industry-leading IT cost modeling software from Apptio, technology leaders are able to make smarter investment decisions more quickly.

Quoting a Harvard Business Review research, Apptio said many business leaders are discovering a striking gap between the importance of data in making budget decisions and their confidence in the data they have.

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Apptio is a US-based company that develops technology business management software as a service application. Apptio enterprise apps are designed to assess and communicate the cost of IT services for planning, budgeting, and forecasting purposes.

Apptio leverages ServiceNow’s ability to auto-discover changes in IT assets and their interconnected relationships. This information allows Apptio to create detailed, accurate cost models which automatically update at the speed of business changes. This is the level of speed, confidence, and fidelity Apptio and ServiceNow’s joint customers have been asking for.

Seven connectors

“Apptio’s mission is to help our customers tackle the mounting challenges they face by empowering them with trusted information to make decisions at the pace that modern business demands,” said Scott Chancellor, chief product and technology officer, Apptio. “This new integration with ServiceNow is a natural extension of that mission and delivers unprecedented transparency into organizations’ IT costs.”

Apptio’s ServiceNow connectors include seven connectors bringing information into Apptio and a new connector publishing data back to ServiceNow dashboards and are available as a certified solution in the ServiceNow Store. The ingress connectors map ServiceNow data sets directly into ApptioOne, which allows costs to be modeled based on consumptive data, creating a trustworthy, timely, and accurate total cost of ownership. The egress connector then pushes this defensible application TCO data from Apptio back into native ServiceNow dashboards, providing visibility to stakeholders across the business. This new level of bi-directional integration enables users to not only see their operational data and metrics for top applications, but also the fully burdened cost structure with continuous updates.

“Apptio and ServiceNow are both key partners to Oshkosh Corp. in forwarding our digital transformation journey and helping us to make trusted technology investment decisions. This deepening level of integration is a big win for organizations like ours looking to better understand actual IT costs from a business lens,” said Jared Petersen, senior director of Digital Technology Strategy at Oshkosh.