Best IT Financial Management Software in Europe
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Compare the Top IT Financial Management Software in Europe as of October 2025
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What is IT Financial Management Software in Europe?
IT financial management (ITFM) software, also known as technology business management software, is a type of software designed to help organizations manage their technology budgets. The software provides an interface for budget planning, tracking expenses, and technology cost management. It can also be used to generate reports on cost savings, identify cost overruns, and optimize asset utilization. Additionally, the software helps IT departments understand where their resources are being allocated and how they can get the most out of their investments. Finally, IT financial management software makes it easy to stay within budget by allowing users to plan ahead and monitor spending in real time. Compare and read user reviews of the best IT Financial Management software in Europe currently available using the table below. This list is updated regularly.
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1
Setyl
Setyl
Setyl is a cloud-based IT asset management platform (ITAM) that combines hardware and software asset management in one. The platform seamlessly integrates with 100+ IT systems, including MDM, RMM, IDP, SSO, HR, finance, helpdesk tools, and more. Use Setyl to gain full visibility and control over your IT assets, SaaS applications and licenses, users, vendors and spend in one place — helping you: ✓ Streamline and scale your IT operations, including employee onboarding and offboarding. ✓ Identify and eliminate wasted IT spend. ✓ Safeguard against compliance risks and prepare for your audits, including ISO 27001 and SOC 2. The user-friendly interface requires little to no learning curve, making it easy to use and implement, and to collaborate with people across your organization. Features include: asset and license register, full asset lifecycle management, app renewal management, employee on/offboarding, shadow IT detection, vendor audits, and IT spend reporting. -
2
CloudZero
CloudZero
CloudZero is the leader in proactive cloud cost efficiency. We enable engineers to build cost-efficient software without slowing down innovation. CloudZero's next-generation cloud cost optimization platform automates the collection, allocation, and analysis of cloud costs to uncover savings opportunities and improve unit economics. We are the only platform that enables companies to understand 100% of their operational cloud spend and take an engineering-led approach to optimizing that spend. CloudZero is used by industry leaders worldwide, such as Coinbase, Klaviyo, Miro, Nubank, and Rapid7. -
3
LicenceOne
LicenceOne
LicenceOne is your hub for detecting software subscriptions, preventing wasted spend, and managing employee accesses, simply. LicenceOne can save your company up to 30% on their annual spend, and give you back the control on your spend. Save time on collecting invoices and other boring tasks where you don’t add value, and get more money back in your budget. Map out your data subprocessors and stop employees from sharing sensitive information without the legal assurances you need. We take preventative measures to ensure your data remains safe, private, and secure at every step of the way when using LicenceOne. Our team is available via chat and email every day of the workweek to help out when things aren’t so simple. We analyze the data related to the software to detect users, login activity, renewal dates, and billing cycles. Your dashboard is ready, update it with any missing or extra information you'd like to keep track of.Starting Price: €1 per month -
4
SpendHound
SpendHound
Ace your vendor renewals and save time and money across your tech stack. Enjoy every feature with no upsells ever. Free calls, Slack messaging, and emailing with our renewal experts to help you save money across your software renewals. Understand "best in market" pricing to ensure you're not overpaying for your vendors. Have our experts review your contracts and provide advice and negotiation tactics to help you get a better deal. Direct integrations in less than 30 minutes. All of your vendor information is populated automatically. Renewal Reminders are sent via email and Slack. Cost savings insights such as application redundancies, and application underutilization or speak directly with our renewal experts for free benchmarking insights and negotiation tactics. Through a combination of software, human analysis, and direct integrations, SpendHound provides the most accurate renewal tracker on the market.Starting Price: Free -
5
nOps
nOps.io
FinOps on nOps We only charge for what we save. ✓Continuous Cloud waste reduction ✓Continuous Container cluster optimization ✓Continuous RI management to save up to 40% over on-demand resources ✓Spot Orchestrator to reduce cost over on-demand resources Most organizations don’t have the resources to focus on reducing cloud spend. nOps is your ML-powered FinOps team. nOps reduces cloud waste, helps you run workloads on spot instances, automatically manages reservations, and helps optimize your containers. Everything is automated and data-driven.Starting Price: $99 per month -
6
UMT360
UMT360
UMT360’s Strategic Portfolio Management solution provides the critical portfolio management capabilities that most organizations are currently missing. UMT360 ensures that the right top-down business planning and controls are in place to help you model and analyze all aspects of your portfolios, align all investments with strategy and accelerate business transformation. Our unique approach helps clients incrementally deploy the specific capabilities needed to attain visibility, gain insight and establish the enterprise connections needed to improve decision-making and accelerate business transformation. Key capabilities include: • Governance Controls Across Any Portfolio • Demand & Innovation Management • Budgeting & Forecasting • Resource Utilization & Management • Outcome Management • Strategic Portfolio Analysis • Roadmapping & Release Management • Business Intelligence & Metrics -
7
SAP LeanIX
SAP
SAP LeanIX is an enterprise architecture and transformation management platform that helps organizations make smarter, faster business decisions. It provides complete visibility into a company’s software landscape—whether purchased, planned, or developed—to enable better risk management, modernization, and strategic planning. By serving as a single source of truth, SAP LeanIX aligns IT and business leaders around shared goals and supports efficient ERP and digital transformations. Its generative AI-powered features, like the AI-assisted Inventory Builder, drastically reduce manual data entry and accelerate architecture documentation. The platform also helps identify risks, optimize applications, and manage dependencies across complex IT ecosystems. Trusted by global enterprises like Volkswagen, Bosch, DHL, and Workday, SAP LeanIX empowers companies to transform confidently and achieve continuous operational excellence. -
8
Nicus Software
Nicus Software
ITFM, sometimes called TBM (Technology Business Management), is the discipline of accounting for the cost of IT services. With ITFM, your teams have the data and insights to drive innovation across your organization. Find out how, with our definitive guide to understanding ITFM. Whether you’re planning future spend to drive innovation, or pushing current spend to maximize value, we’re here to help. We’re a team of IT experts who know the challenges and triumphs of taking technology further. Eliminate concealed waste like redundancy, sprawl or underutilization by bringing new visibility to the whole portfolio in one place, ensuring all cloud investments are being leveraged for maximum impact. Shed light on all cloud assets and get a detailed, single picture of consumption. -
9
Serviceware Financial
Serviceware
Ever wondered how you can optimally manage your company's service finances? Serviceware. That's how. Excellent Enterprise Service Management Serviceware stands for a unique portfolio of solutions for digitizing and automating service processes, no matter what challenges you face in IT, HR, or Customer Shared Services. Serviceware serves more than 900 customers. Eight out of the thirty companies listed on the German DAX-30 stock index are already valued customers. Serviceware is crucial for corporate performance planning and financial management of IT and shared services. Scheduling app launch. Pain free appointments for your patients and customers with the Serviceware Resources scheduler! Serviceware and KPMG extend cooperation. Find out about our joint service offering for companies in the field of transfer pricing! BARC Planning Survey 20. Serviceware Performance receives 37 top-ranks as an effective planning and analytics vendor in DACH!Starting Price: $1000 per month -
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CostLens
Amalytics Software
These cost algorithms build the cost relationships between your IT infrastructure & service data, procurement data and financial data enriched with external datasets. A user-centric user-interface combines ease of navigation, user permissions and slick visuals. Enhance the accuracy of your IT cost analysis by aligning to industry standards to enable easy benchmarking. With significant investment decisions at stake, CostLens enhances the accuracy of your IT costs by adding industry standard reference datasets to your company’s data. Enable single-sign-on capabilities to easily connect users with third party systems. The uniquely designed ‘SplitLink’ framework is aware of cost metadata and automatically builds end-to-end cost relationships at a low level of detail. This helps isolate and drill down on problem areas easily. -
11
DoiT
DoiT
DoiT is a global technology company that delivers a comprehensive cloud operations platform powered by proactive, industry-defining expertise so you can increase your operating margins and fuel innovation. DoiT Cloud Intelligence is the only context-aware multicloud intelligence platform that enables you to optimize, scale, and innovate. You turn insights into actions hand-in-hand with our cloud architects to make their cloud performant, reliable, and secure. An award-winning strategic partner of AWS, Google Cloud, and Microsoft Azure, we bring specializations in Kubernetes, GenAI, CloudOps, and more, to help more than 4,000 customers worldwide leverage the cloud to drive business growth and innovation.Starting Price: $0 -
12
Spendbase
Spendbase
Spendbase is a comprehensive SaaS expense management solution. Combining invoice management, vendor management, and discount marketplace into one central platform, Spendbase helps to gain 100% visibility and control over software expenses. Spendbase enables swift and secure software purchasing, helps to avoid late fees on supplier invoices, and prevents from paying for unused software. Moreover, Spendbase negotiates discounts with your software vendors as well as offers pre-packaged deals from its own discount marketplace. With performance-based pricing, teams can get started with Spendbase for free and benefit from the first day of implementation.Starting Price: $0 -
13
Turn it Off
Turn it Off
Turn it Off is a low barrier, light-touch FinOps platform designed to help you instantly reduce cloud costs and carbon emissions. With Turn it Off you can easily 'turn off' any non-production cloud environments and resources when they’re not in use. Some of the main features are: - Intelligent latency detection: automatically turn off unused non-production environments and resources, so there’s minimal need for manual intervention. - Empowering Business Users: we put control in the hands of non-technical users, making cloud management easy for everyone—not just IT professionals. - Real-Time Dashboards: our live dashboards give full transparency into cloud costs and carbon savings, supporting your sustainability goals. - Cloud Agnostic: whether you’re using AWS, Azure, or GCP, Turn it Off integrates seamlessly across different providers. And what’s more, you can group by application to minimize overhead. -
14
IBM Apptio
IBM
IBM Apptio unifies financial and operational data into a unified model built on the industry-standard taxonomy of cost categorization. Utilizing sophisticated allocation rules along with focused metrics and KPIs, we enable organizations to answer the most strategic questions about investments and accelerate budgeting and forecasting processes. By explaining investments and variance to plan more quickly to constituencies and executive management, organizations can uncover opportunities to optimize cost structures, reduce risk, and accelerate growth. Implement a structured view of IT expenses for actuals and plans based on industry-standard framework to allow for faster ad hoc analysis and budgeting cycles. Lower overall IT spend by reducing waste, eliminating duplications, and aligning investments to strategic priorities. Reduce the time spent forecasting, accelerate frequency, and redirect resources to higher-value activities. -
15
brightfin
brightfin
The scope of IT-related activities has exploded in recent years, making it tough to track expenses from various mobile, telecom, and cloud vendors. Our scalable platform seamlessly gathers data from disparate systems across multiple streams and displays it in actionable dashboards. brightfin makes it simple for organizations to understand the business outcomes being impacted by IT expenses and to reframe IT costs to the most valuable investments. Our mission is to empower IT and Finance professionals through easy-to-use solutions that improve efficiencies, reduce spend, and provide deep insights that maximize technology investments. Track expense, work smarter, and optimize IT resources. Many organizations are challenged by an increased reliance on technology and a consistent need to reduce IT budget. As teams grow, so does the amount of mobile devices, fixed line costs, and cloud expenses. -
16
CloudKeeper
CloudKeeper
Instant & guaranteed cloud savings of up to 25% on the entire bill. We offer a comprehensive suite of FinOps and cloud cost optimization solutions tailored to meet the unique needs of different customer segments. CloudKeeper stands out in the fragmented FinOps providers’ space with its expertise in automatic RI management, cost analytics platform, and managed services & resellers. The ISG Research also states that CloudKeeper has proven capabilities and scale in providing FinOps solutions using a combination of platform and cost optimization services. With us, you gain access to 100+ seasoned Cloud FinOps experts, all dedicated to helping you adopt the best practices in FinOps. -
17
Bee360
Bee360
Bee360 is our solution for an integrated and holistic management. Our platform brings a clear vision for information and technology management. All decision-relevant areas are integrated in a single source of truth. All information can be efficiently retrieved with a minimum of effort and complexity. Bee360 provides a holistic overview and connects different areas such as strategy, enterprise architecture, project and portfolio management, and financials. Connecting these areas enables our users to proactively design and transform organizations as all implications are visible, always. Our customers don’t justify – they execute. -
18
Align Financials
Align Financials
Align Financials is a leading provider of IT financial transparency solutions on the ServiceNow platform. By leveraging decades of financial management, accounting, and platform experience, Align delivers best-in-class, real-time, transparent solutions. Expedite IT budgets and forecasting and bridge the gap between IT and finance. Recoup and optimize IT spending by improving contract and renewal processes across asset lifecycles. Confidently map costs to consumers & deliver a cost-effective, defensible bill of IT. Real-time visibility via dashboards reaps rapid ROI with periodic wins and seamless integration with your existing systems. We work with you hand-in-hand from an early stage so you learn the ropes and can run the show yourself. Empower your organization with a consolidated, holistic, real-time view of all your IT assets across their entire lifecycles. This leads to ongoing recovery of hard dollars year after year, not just a one-time payoff. -
19
MagicOrange Prism
MagicOrange
Support finance's efforts to manage financial planning, budgeting, modeling, and performance reporting. With MagicOrange, you can manipulate one or many cost drivers and immediately understand the change to the cost and profit of the products and services delivered. Being able to plan and manage multiple scenarios such as budget, actual, forecast, move to cloud, and outsource certain services are essential to your organization's effective cost management and strategic planning. Reduce the turnaround time for budget and forecast cycles and spend more time gaining valuable insights. Give your stakeholders insight that allows them to make astute consumption choices by providing highly granular results coupled with relevant reports and analytics. Wherever you are in your cost allocation journey, leverage MagicOrange to expedite your journey and increase your cadence, output, accuracy, and insights into your allocation process. -
20
CIO COCKPIT
DextraData
Out-of-the-box dashboards and clearly designed, predefined views ensure a quick start, bring transparency to your data – even without a data scientist – and ensure more efficient work. The bundling and visualization of information is based on best practices and customer requirements. You benefit from existing widgets, can start analyzing KPIs immediately, and make informed decisions faster. Perfect IT operations management is just a click away. The CIO Cockpit essentials solution helps IT operations managers gain a quick overview of their IT environment by providing relevant key figures and KPIs for all assets. The information collected and structured from the various systems is clearly visualized in predefined views so that anomalies or major changes can be identified immediately and appropriate action is taken. Whether it’s a CIO report, management summary, or detailed documentation, CIO Cockpit essentials immediately delivers standardized, predefined IT reports in PDF format. -
21
netinsight ITFM
netinsight
netinsight ITFM therefore covers the whole process, starting with planning, to calculation, contract and SLA management with customers and suppliers, service catalog management and cost allocation through to online service procurement and reporting for internal management and customers. With netinsight ITFM you can achieve cost transparency in your IT department in order to be able to control and proactively manage your products and services efficiently and according to operational criteria, at the same time, you can significantly reduce the amount of time and expense required. The netinsight product family has proven experience in many different industries. Our position as an innovative market leader is backed up by having sold over 200,000 licenses. Our customers include global companies listed on the stock market as well as medium-sized companies from industry and commerce. -
22
QarbonEX
Qarbon Technologies
Optimize your data center infrastructure costs with QarbonEX. Our automated auditing solution identifies unutilized resources and areas for cost savings, while our unified resource management platform standardizes provisioning and decommissioning workflows across teams and systems. QarbonEX automates routine audits across your data center invoices, assets, and infrastructure data to identify areas for cost savings and optimization. Identifies invoice errors, overcharges, and billing discrepancies. Centralizes data from multiple providers and locations for comprehensive auditing. Provides actionable insights to reduce wasteful spending. The QLink Portal enforces operational discipline with a unified workflow for provisioning, managing, and decommissioning data center resources seamlessly. Bridges operational silos across teams and systems. Improves integration and visibility into resource lifecycle. Facilitates collaboration and oversight on resource changes. -
23
Spot by NetApp
NetApp
Spot by NetApp is a suite of cloud operations solutions designed to optimize and automate cloud infrastructure, ensuring applications receive continuously optimized resources that balance performance, availability, and cost. By leveraging advanced analytics and machine learning, Spot enables organizations to achieve up to 90% cost reduction on cloud compute expenses by dynamically utilizing a mix of spot, reserved, and on-demand instances. The platform offers comprehensive tools for cloud financial management (FinOps), Kubernetes infrastructure optimization, and cloud commitment management, providing full visibility into cloud environments and automating operations for maximum efficiency. With Spot by NetApp, businesses can accelerate their cloud adoption, improve operational agility, and maintain robust security across multi-cloud and hybrid environments. -
24
Tangoe
Tangoe
Powered by artificial intelligence, Tangoe One is a comprehensive platform to simplify, manage, and optimize your IT spending across telecom, mobile, and cloud technologies. With overarching insight into your technology expenses alongside deep visibility into your service usage, Tangoe One allows you to cut costs, drive efficiencies, and achieve financial predictability. Streamline financial management leveraging the largest ecosystem of global carriers and a broad range of integrations working with your business systems. Monitor cost and usage spikes, make projections, and retrieve critical insight into trends helping to streamline spending and right-size programs with confidence. Deliver the right information to business line managers to better track overall spend, bringing greater transparency and visibility across the organization. -
25
VCM Enterprise
Vityl (Fortra)
Get actionable insights to optimize hybrid IT spend and assure performance. 30% of hybrid IT spend is wasted. And whether or not you find that number shocking, you know you need to identify and reclaim that spend. VCM helps companies eliminate waste and save real money every day, without sacrificing top-notch performance. IT departments are tasked with solving problems that prevent service delivery. VCM makes it possible to assure performance without the heavy lifting or overspending. Right out of the box, VCM can identify potential service delivery problems and give you advice about how to remediate. Health and Risk KPIs surface problems that need attention, allowing you to proactively avoid performance issues and service outages. See performance in one holistic view of all technology involved in service delivery. Having a single, objective source of truth allows teams to fix issues instead of pointing fingers. -
26
USU IT Service Management
USU Software
USU IT Service Management (ITSM) is your comprehensive software solution covering standard ITSM processes plus additional service areas in your company. Use ITSM as your central tool for enterprise service management across your company and to automate processes across departments. Smoothly manage your complex service processes with a scalable solution that grows with your needs. USU IT Service Management is one of the few ITSM solutions in the world that can boast proven top ITIL® conformity. Rely on the leading ITSM solution that has so often earned the highest possible certification level among internationally recognized organizations. The “made in Germany” ITSM solution that outperforms the majority of tools from international providers! -
27
ComSci
Upland Software
Communicate the value of IT and align IT spend with the business vision to accelerate growth. Standardize the way you track and report on the consumption of IT products and services, and align investments with business outcomes. Enable intelligent and nimble decision-making to continuously improve labor, vendor, asset, project and cloud spend. Enable-IT to capitalize on investments by mapping processes and data to a common operating model. Drive efficiency through intuitive business intelligence and proactive data analysis. Communicate IT spend based on actual and planned consumption. Spot and reduce unnecessary costs to align technology spend with growth objectives. Actionable insights on IT spend and consumption across labor, vendor, and assets, increasing forecasting, accuracy, and IT accountability. -
28
Vendr
Vendr.com
Reduce your software spend by up to 30%. Money-back guarantee. We buy and renew SaaS, for you. Guaranteed to save. We organize your SaaS renewal dates and aggregate your contracts. Then, we work directly with your SaaS vendors to accomplish your team's objectives upon every renewal. See you later, auto-renewals. Sales conversations aren't a good use of your time and enterprise pricing is variable. We facilitate the commercial conversations, so you can remain strategic. It's easier to buy enterprise SaaS, when you're backed by data. From DPAs, Security Reviews, and MSAs, buying SaaS is a time-suck. As expert buyers, we understand your internal process and help your vendors navigate it efficiently. Get back to the strategic things. We buy software for the world's smartest companies. This allows finance and procurement leaders to prioritize the important things. Vendr is an extension of your team and works directly with your software suppliers.Starting Price: $2,500 per month -
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Spendflo
Spendflo
Get more visibility on your vendors, automate procurement and spend less on every tool with our SaaS Buying and Optimization Platform. SaaS is a growing expense, but your teams simply do not have the bandwidth to evaluate, negotiate and track renewals for 150+ tools. This means you’re paying exorbitant prices for every single software you use—and occasionally on tools you don’t even use. We help you get fair prices on all your SaaS tools, and eliminate the back-and-forth negotiations from your procurement. Get direct access to expert buyers and managers via Slack, and ensure seamless onboarding and clear communication. Know when your contracts are up for renewal, who owns them, and how much you’re saving on them. Track procurement status within the dashboard, and avoid delays stemming from lost emails and duplicate spreadsheets.Starting Price: $2,500 per month -
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CostPerform
CostPerform
CostPerform offers multiple cost accounting and allocation methods, smart calculation functions, analysis and simulation tools, and much more. Thanks to its comprehensiveness, it answers any cost and performance question. Working with CostPerform doesn’t require IT knowledge. Because it’s so easy and intuitive to use, you can quickly start finding solutions to the most complex cost and performance issues. In addition, there are no manual upgrades or downloads. CostPerform is designed to serve your cost allocation method. Thanks to the unique software design with layers, objects, attributes, and assignments in combination with smart and proven calculation algorithms, it handles any cost method. Conditional cost distribution, formula-based dynamic referencing and multi-dimensional allocation of costs to high transaction volumes are just a few of CostPerform’s many state-of-the-art algorithms.