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Finance Company Uses Software Asset Mangement to Save $13 Million

(January 2022)

ITAM teams can use this case study to understand how accessing data can drive organizational transformation and avoid costs associated with audit risk.

Company Profile

  • Industry: Financial Services and Insurance
  • Size: 25,000 — 50,000 Users
  • Revenue: 1B — 10B USD 
  • Region: North America
  • Market: Mid-Market
Total Cost Analysis:
In cost avoidance & cost savings

The Challenge

Achieve Zero Compliance Variation

An audit represented a huge monetary risk for the multinational finance and insurance firm. The software environment was unpredictable and difficult to manage. The internal Software Asset Management (SAM) team wanted to create a SAM program with zero compliance variation. 

The Solution

Install IBM License Metric Tool (ILMT) for Improved Visibility 

Anglepoint supplemented the internal SAM team’s efforts to mitigate audit risk by: 

  • Installing ILMT 
  • Creating accurate views into licensing  
  • Assess current data 
  • Refine data and collection methods 

 In addition to the actions taken to mitigate audit risk, the client decided on a long-term strategy involving the education of their SAM team. While developing a consistent SAM practice, the client engaged Anglepoint’s thought leadership to train their SAM team on best practices and help them achieve industry certifications.  

The Impact

Over $13 Million in Cost Savings

  • $10 million in IBM cost savings in the first year
  • $3.4 million additional IBM savings in the second year

(As of June 2021)

With an attitude of preparation, the team’s rallying cry became, “No surprises!” when it came to software licensing. 

Exhibit 1:

Cost Savings Breakdown

“From contract to execution; Anglepoint is an excellent service provider. Their knowledge of IBM licensing and ILMT management is awesome. If I could start over, what would I do differently? No kidding: I would have used Anglepoint years ago. 

Senior Director, Governance and Operating Services