YTD IT Spend
$14.6M
++3.2% vs. budget
Cloud Spend
$2.4M
AWS · Azure · GCP
External Labor
$1.1M
12 contractors YTD
Headcount
16 / 26
7 open reqs
Critical Risks
5
13 total flags
YTD IT Spend
Watch$14.6M
Budget Variance
On Track+3.2%
Critical Risks
On Track5
High-Priority Actions
On Track3
CFO Agent
AI-Generated Executive Summary
IT organization closed May 2026 with YTD spend of $14,598,000, tracking +3.2% unfavorable versus the approved annual budget of $14,140,000. The variance is primarily attributable to cloud infrastructure acceleration, scope expansion in external labor, and professional services engagements tied to the ERP modernization program. Full-year forecast has been revised to $38.2M, reflecting $1.8M of strategic investment above plan. Three critical procurement events require executive attention before June 30.
Key Points
YTD Actual: $14,598,000 | Budget: $14,140,000 | Var: $458,000 (+3.2%)
Cloud spend acceleration (+8.4% vs. budget) — driven by AWS EC2 and GCP Vertex AI buildout for AI platform
4 over-budget contractor engagements totaling ~$118K in excess YTD spend
AWS contract (June 30) and Deloitte engagement (July 31) are the two most time-sensitive items
FinOps program projected to recover $350K in cloud savings — Q4 target
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YTD May 2026
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Open →Risk Alerts
13 active · auto-generated by risk engine
Cloud Spend Trending Over Budget
YTD cloud spend is $202K over budget. AWS EC2 and GCP BigQuery are the primary drivers. Full-year overrun projected at $484K.
Impact
$282K
Contract Expiring: Amazon Web Services
Contract ends 2026-06-30. Remaining commitment: $2565K. No auto-renew. Procurement action required immediately.
Impact
$2.6M
Contract Expiring: ServiceNow
Contract ends 2026-08-31. Remaining commitment: $362K. No auto-renew. Procurement action required immediately.
Impact
$362K
Contract Expiring: Okta
Contract ends 2026-08-31. Remaining commitment: $181K. No auto-renew. Procurement action required immediately.
Impact
$181K
Contract Expiring: Deloitte (ERP Consulting)
Contract ends 2026-07-31. Remaining commitment: $557K. No auto-renew. Procurement action required immediately.
Impact
$557K
Contract Renewal Window: Palo Alto Networks
Contract expires 2026-09-30. Annual value $540K. Begin renewal or RFP process within 30 days.
Impact
$540K
Contract Renewal Window: Accenture (Project Delivery)
Contract expires 2026-10-31. Annual value $1800K. Begin renewal or RFP process within 30 days.
Impact
$1.8M
Contract Renewal Window: Cisco (Network Infra)
Contract expires 2026-09-30. Annual value $780K. Begin renewal or RFP process within 30 days.
Impact
$780K
4 Contractors Over Budget
Jordan Alvarez, Sofia Reyes, Carlos Mendoza, James O'Brien are tracking over their approved budgets. Total excess: $35K YTD. Review SOW scope creep.
Impact
$35K
4 High-Risk Vendor Relationships
Amazon Web Services, ServiceNow, Okta, Deloitte (ERP Consulting) are flagged as high risk due to expiring contracts or concentration. Combined annual value: $6.5M.
Impact
$2.8M
12 Cost Centers with >5% Unfavorable Variance in May
Compute & Storage, Cybersecurity Ops, Identity & Access Mgmt, HRIS & Workforce Tools, CRM & Sales Tech, Data Platform, BI & Reporting, AWS Production, Azure Dev/Test, GCP AI/ML Workloads, ITSM & Tooling, EA & Strategy are tracking more than 5% over budget for the month. Review with cost center owners before month close.
Impact
$202K
2 Contractor Engagements Ending This Quarter
Marcus Webb, Ryan Kowalski are ending within 90 days. Confirm if extensions are required or knowledge transfer plans are in place.
3 Open Reqs in Security & Cloud Engineering
Unfilled positions: IAM Architect; Cloud Engineer II (Azure); FinOps Analyst. Continued reliance on contractors to backfill. Carry cost risk: $417K/yr unfunded labor.
Impact
$104K
Recommended Actions
6 actions · 3 high priority
Initiate AWS Contract Renewal Negotiation
AWS EDP expires June 30. Engage AWS account team for multi-year commit pricing. Target 15% discount on current run rate.
Review Over-Budget External Labor SOWs
4 contractors are over their approved budgets. Obtain amended SOWs or issue PO amendments before June month-end close.
Cloud Cost Optimization Review
Engage FinOps team to review EC2 right-sizing and BigQuery slot commitments. Estimated savings opportunity: $180K annually.
Deloitte ERP Engagement Close-Out
Contract ends July 31. Ensure all deliverables are accepted, final invoices processed, and knowledge transfer complete.
ServiceNow Renewal or Alternative RFP
Contract expires August 31. Evaluate whether to renew at current rate or issue RFP for ITSM platform alternatives.
Headcount Pipeline Review — Security & Cloud
7 open reqs in Security and Cloud Engineering. Coordinate with TA on target fill dates to reduce contractor dependency.