Service financial management practice

Service financial management practice (hereinafter, the Practice) is the practice to support an organization's strategies and plans for service management by ensuring that the organization's financial resources and investments are being used effectively. The Practice relates to financial management and service management. This Practice is a part of the ITIL practices.

Definitions

According to the ITIL Foundation 4e by Axelos,

Service financial management practice. The practice of supporting an organization's strategies and plans for service management by ensuring that the organization's financial resources and investments are being used effectively.