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Why IT Financial Management in the General Ledger is difficult (if not impossible)

Written by: Blake Davidson | Customer Success Officer


A common question we receive is, “Can I not simply do IT Financial Management in my general ledger (GL)?” Our belief is that although the GL is the source of truth since it contains high referential integrity (as it is most often subject to an annual audit), it is not best placed to deliver ITFM.

In order to get the reports, views, raw data and insights needed to manage IT spend effectively (and Run IT like a Business), you need the ability to view Technology spend many different ways, or through different lenses.

A common question we receive is, “Can I not simply do IT Financial Management in my general ledger (GL)?” Our belief is that although the GL is the source of truth since it contains high referential integrity (as it is most often subject to an annual audit), it is not best placed to deliver ITFM.

In order to get the reports, views, raw data and insights needed to manage IT spend effectively (and Run IT like a Business), you need the ability to view Technology spend many different ways, or through different lenses.