The IT financial management process is a structured approach that includes budgeting, accounting, and charging for IT resources. This process ensures that IT spending is aligned with a company’s strategic objectives. By tracking the total cost of IT assets, leaders gain a clear understanding of how their resources are being used. With a solid financial management process in place, companies can streamline their operations and avoid overspending, which is critical in today’s fast-paced tech environment. The IT financial management process is a structured approach that includes budgeting, accounting, and charging for IT resources. This process ensures that IT spending is aligned with a company’s strategic objectives. By tracking the total cost of IT assets, leaders gain a clear understanding of how their resources are being used. With a solid financial management process in place, companies can streamline their operations and avoid overspending, which is critical in today’s fast-paced tech environment.