For large financial institutions, understanding IT spend isn’t just a finance exercise—it’s a strategic necessity. A major international investment bank faced growing complexity in managing IT cost allocations across business units, relying on 180 fragmented Excel models that were inconsistent, slow, and difficult to audit.
By partnering with MagicOrange, the bank replaced these disconnected models with a single, automated cost transparency platform. Within just 90 days, all models were consolidated into one unified system—fully integrated with the General Ledger and supported by automated drivers, rule-based allocations, and real-time analytics.
What once took hours to process now runs in six minutes, delivering defensible
chargebacks, audit-ready reporting, and granular insight for Finance and IT leaders. With Power BI dashboards and multidimensional allocation rules, stakeholders gained confidence in the data—and the ability to make faster, better-informed decisions.
This transformation demonstrates how IT Cost Transparency enables accountability, scalability, and operational clarity—especially in complex, global environments.
Continue the Conversation at CxO Institute Boston
To explore how enterprises can achieve IT Cost Transparency at scale—without complexity—meet the MagicOrange team at CxO Institute Boston in February 2025, where they join as a Senior Engagement Partner.
Connect with peers and experts to discuss how automated, audit-ready cost allocation can drive accountability, confidence, and smarter financial decision-making across IT and shared services.
👉🏻 Join the conversation in Boston.