Enterprise Technology and Financial Management (ETFM) tools are essential for aligning technology investments with business goals. However, achieving maximum ROI requires more than just implementing the tool—it demands strategic usage. Here’s how to optimise your ETFM investment.
1. Align Tools with Business Objectives
Before choosing an ETFM tool, ensure it aligns with your strategic priorities. Identify the key outcomes you want to achieve, such as improved cost transparency, better resource allocation, or enhanced decision-making.
2. Focus on Integration
Disconnected tools lead to data silos and inefficiencies. Invest in ETFM solutions that seamlessly integrate with existing systems, such as HR platforms (e.g., Workday) or project management tools (e.g., Jira).
3. Prioritise User Adoption
Even the best ETFM tool is ineffective if teams don’t use it. Focus on user training and onboarding to ensure employees understand its value and functionality. Leadership buy-in is equally critical.
4. Regularly Review and Optimise
ETFM isn’t a “set-it-and-forget-it” solution. Schedule regular reviews to evaluate performance, identify gaps, and make adjustments as your business evolves.
5. Leverage Data for Decision-Making
Use ETFM’s data visualisation and reporting capabilities to inform strategic decisions. From forecasting budgets to identifying bottlenecks, these insights are invaluable for staying ahead.
Final Thoughts
With the right approach, ETFM can transform your operations, helping you optimise costs and improve efficiency. At EQ Solutions, we specialise in tooling assessments and ETFM implementation. Contact us to unlock the full potential of your tooling investment.
