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Financial Management

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Rathik Pathak

JM Financial Services Ltd

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Does your IT team or your HR team absorb the costs of HR technology?

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If you're implementing cost-optimization or reduction initiatives as a result of government funding cuts, which departments are responsible for setting the strategy? Is it primarily finance, or have you established a cross-functional team?

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What sorts of innovative approaches have you found to optimize your cybersecurity budget? Have you adopted any new strategies for maintaining protection levels despite financial constraints?

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What changes have you seen in cloud cost management since implementing FinOps?

How important is it for a cloud FinOps tool to have cost allocation and data analysis capabilities?

Critical10%

Very important50%

Somewhat important24%

Somewhat unimportant10%

Not at all important2%

Unsure1%

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What is the biggest barrier to introducing more technology in classrooms, courses and companies?

The software costs too much29%

It takes too long to set things up and getting started41%

There is just not enough time to introduce anything at all19%

It is not clear that there are any benefits for us7%

There is not enough good technology2%

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If you've lost (or suspect you will lose) a significant amount of your annual budget due to government funding cuts, what measures are you implementing from a sourcing and supplier management perspective to optimize costs without cancelling contracts?

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Will you apply for a credit card in the next year?

Yes64%

No35%

Having technology debt within the technology estate can create various problems. What methodologies do you use to score, measure, track etc. technology debt? We use a methodology that was developed in house and I am curious what others are doing and using in this area.

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How are you adjusting your 2025 budget allocations in response to changes in immigration policies? Where are you investing more or less?

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How (if at all) are you adjusting your 2025 budget to account for tariff increases on international goods?

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How does your team approach FinOps best practices to optimize cloud costs while ensuring performance? Any insights on budgeting, cost monitoring, or application rationalization that have worked well for you?

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What regulatory changes are most impacting your budget planning currently? How have you adapted your cybersecurity budget to meet new compliance requirements, if at all?

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What percentage of your IT budget is allocated to research and development (R&D) initiatives?

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What challenges have you recently encountered in managing the increasing number of SaaS vendors within your organization? And how did you handle it?

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We are working on an ITFM initiative. I'm wondering if anyone has a best practice of mapping GL codes to categories (e.g., software, hardware, staff, etc.). We're trying to find the right balance between the number of categories versus the level of detail provided.