ServiceNow Partner, Nicus: Financial Intelligence Layer for Enterprise Tech

In today's Cloud Wars Minute, I explore how ServiceNow and Nicus
Software are teaming up to deliver a financial intelligence layer
that helps enterprises optimize their cloud, AI, and IT spending
by unifying data across finance, IT, and business units.


Highlights


00:08 — ServiceNow is working with a partner,
Nicus, to deliver a financial intelligence layer for enterprise
tech. Interesting angle here: It's trying not just to consolidate
the numbers, but to go beyond that. It involves multiple parts of
the organization working in concert to really get not only the
best data but also the ability to act on it.


00:34 — Tom Smith had a conversation with Ron
Wastal, the Chief Ecosystem and Partner Officer at Nycus. Wastal
described how this works for companies. It's in the category of
Technology Business Management, but goes beyond that. Nicus is
trying to bring financial teams, IT teams, engineering, and lines
of business together to share this intelligence and collaborate.


01:22 — Again, this isn’t just about saying,
“Hey, here’s how much is going on.” It’s about answering: Where
is it happening? Why is it happening? How is it contributing or
not contributing to business outcomes? That way, they can
optimize the substantial dollars being poured into cloud and AI
spending. These optimizations can really add up.


02:11 — Why ServiceNow in particular? Why did
Nicus want to work with them? Ron explained that the IT data for
many big companies lives in ServiceNow databases. That’s where
they can find out what’s really going on. Tapping into those
massive data stores allows them to have a huge impact.


02:38 — What Nicus does is put a financial
intelligence layer on top of that IT data to enable a cycle of
understanding, tracking, and optimizing IT spend. It's also
leveraging ServiceNow’s unique workflows and cutting-edge AI
capabilities to take action on these insights. That’s the
difference Nycus sees in what it does versus others.


03:13 — Nicus has developed two specific
applications—one for costing and one for planning. These apps are
used across the platform to deliver a comprehensive picture of
what’s going on. This is another example of how ServiceNow is
working with world-class partners and ISVs to deliver great
business outcomes for customers.


This episode is sponsored by ServiceNow.


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