---
title: Financial
slug: en/financial
description: Discover the importance of IT Financial Management (ITFM) in optimizing the cost, quality, and risk of IT services. Learn how this discipline incorporates both financial and accounting principles, as well as specific principles related to IT services, to 
docTags: 
createdAt: 2021-10-27T20:18:12.000Z
---

## Presentation

According to ITIL, the goal of <font color="#3b9f0f">**Financial Management**</font> for IT Services (**ITFM**) is to <font color="#3b9f0f">**optimize the cost of IT Services while taking into account quality and risk factors**</font>. The analysis balances cost against quality and risk to create intelligent, metric-based cost optimization strategies.

Balancing is required since cost-cutting may not be the best strategy to deliver optimum consumer outputs.

****<font color="#3b9f0f">**ITFM** </font>is a **discipline based on standard financial and accounting principles** but addresses specific principles that are applicable to IT services, such as fixed asset management, capital management, audit, and depreciation.