FITS financial management is the tracking and control of ICT services and support costs. In its entirety, it also covers cost recovery as a means to place accountability for ICT costs on the users of the service.The purpose is to ensure that the costs are justifiable.This process also helps to identify particularly costly areas that you may want to examine to see if a different approach might reduce costs.
| Assign roles |
| Consider ways to reduced the cost of ICT services and support |
| Standardise - minimise the different equipment |
| Go for economies of scale buy equipment or services in bulk |
| Improve incident management by reducing supplier involvement |
| Improve user skills to avoid costly call-out charges |
| Create an expenditure record to account for all purchases |
| Record all expenditure including hardware. Software and support |
| Prepare participants in the implementation and operation of the process |
| Set a start date for the process, allowing enough time to prepare |
| Launch the financial management process |
See how our Service desk aligns with key FITS requirements
For additional information visit the Becta Site on FITS