Nicus FMDB (Financial Management Database) provides ServiceNow stakeholders with unified and defensible financial information to improve technology and organizational decision-making. It transforms raw financial data into high-value information and insights, available directly within ServiceNow workflows including Asset Management (ITAM) and Enterprise Architecture*.
With FMDB, organizations can calculate accurate financial metrics such as total cost of ownership (TCO) and give consumers a detailed picture of the value their spend delivers. Improve decision-making, get to value faster, eliminate manual data entry and align IT and finance with Nicus FMDB.
FMDB also provides the supporting tables, taxonomy and framework for future releases of Nicus Cost Transparency and Nicus Planning. Nicus is a leading TBM & ITFM provider recognized by Gartner with enterprise clients across a range of commercial industries and local government.
*requires additional workflow-specific FMDB application
- Centralized repository for key financial data
- Validates and transforms raw financial data into high-value insights
- Seamlessly integrates with ServiceNow operational data
- Seamlessly integrates into ServiceNow workflows
- Tags and allocates spend in a way that makes sense to IT and the business
- Advanced cost allocation models leverage decades of finance expertise
- Update to support FMDB for Enterprise Architecture
- Application Privacy Policy page has been added
- Minor bug fixes to support FMDB for Asset Management
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