Calero to Share Four-Part Cloud and IT Cost Optimization Series at the Financial World of Information Technology Conference
Larry Foster, Member of Telecom Expense Management Hall of Fame, to Lead Session
ATLANTA, GA (April 11, 2019) — Calero, a leading global provider of Technology Expense Management and Managed Mobility Services software, announced today that it will share a new four-part series about cloud and IT cost optimization at the upcoming Financial World of Information Technology Conference in New Orleans. The conference is organized by the IT Financial Management Association (ITFMA) and will be held at Hotel Monteleone from April 15-19. Calero is a portfolio company of Riverside Partners, a Boston-based private equity firm.
Larry Foster, Calero’s Head of Product Strategy and Vision, will lead this four-part series, introducing the fundamental concepts of cloud services, cloud expense management and cloud cost management. Foster will also cover best practices for gaining control and maximizing financial insight in cloud technology as well as how to leverage business intelligence insights for near-time decision making.
“The business benefits of leveraging cloud are clear, but the on-demand nature of cloud often results in uncontrolled costs. A big concern for many organizations is how to track and control public cloud spending in an environment where IT has little to no control over consumption,” said Foster. “In many instances, control may reside within the various lines of business. This has created a new set of challenges for finance organizations who are looking to strike a balance between cost, quality and performance while gaining control over their organization’s cloud expenditures.”
Presentations will be held Thursday, April 18. Time and details are below.
10:00am CT – How Cloud Impacts Your IT Cost Optimization Program (Part 1):
Industry analysts predict that current cloud adoption will continue to experience a 23% annual growth rate through 2022. This means every IT Financial Management (ITFM) professional must quickly develop an essential acumen that promotes an efficient, effective, and sustainable lifecycle management program. This session will introduce attendees to the full spectrum of cloud service types and deployment models, as well as help them understand the new Pay-As-You-Go economy and how cloud deployments impact their ITxM programs.
11:00am CT – How to Exploit New Career Leadership Opportunities (Part 2):
Cloud is disrupting all aspects of traditional IT business operating models, from centralized operational control of the financial modeling of capitalized procurements to the derivation and amortization of the total cost of ownership. In this session, attendees will learn how to successfully navigate and lead their organization through this inevitable transformation and better understand how to exploit new and emerging career opportunities.
1:00pm CT – Maximizing Your Technology Investments (Part 3):
Cloud procurement and on-demand deployments can be completed within a matter of minutes. Many industry studies show how organizations may be overpaying for cloud services by as much as 75%. This session will educate attendees on the spectrum of common root causes and recommended resolutions and prevention measures by providing insight into common public cloud service procurement options, best practice principles of IT cost optimization and how to avoid common pitfalls of cloud deployments.
2:00pm CT – Leveraging BI to Manage the New Cadence of Decision Making (Part 4):
In the new world of on-demand, “Pay-As-You-Go” procurement, the cadence for making cost management decisions must align with the frequency of the variable billing increments, which can range from annual to monthly, daily, hourly or even a per-second basis. Effective and timely decision-making must be supported by a unified, single-source-of-truth that combines all disparate data streams into a structure that facilitates fact-based decision making. This presentation will help attendees leverage BI analysis and reporting tools, use key data insights to maximize investments and better understand real-life applications through use cases.
Calero is a leading global provider of Communications and Cloud Lifecycle Management (CLM) solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. With a deep commitment to innovation and customer service, Calero’s CLM approach enables organizations to support the full communications lifecycle, from procurement to payment, including software and services that aid Telecom Expense Management (TEM), Managed Mobility Services (MMS) and Usage Management. Calero has thousands of customers in over 50 countries worldwide, including Fortune 2000 corporations, universities and government agencies. Calero is a portfolio company of Riverside Partners, a Boston-based private equity firm. Learn more at www.calero.com.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. For more information,visit www.riversidepartners.com.