Finance Company Uses Software Asset Mangement to Save $13 Million
Company Profile
Total Cost Analysis:
million
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
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