Why Organizations Need to Invest in IT Asset Management
Posted by on August 17, 2018
It has become increasingly important for organizations to invest in an IT Software Asset Management solution. The primary reason is two-fold: organizations want to avoid wasting money on unused licenses and they also want to avoid risk of an expensive true-up in the event of an audit.
And tracking software licensing entitlements across your organization has become increasing difficult for a variety of reasons including:
- Numerous Independent Software Vendors (ISV’s) have free, downloadable Enterprise Licenses entry points that software asset managers might not even know exist on their networks
- Most ISV’s carry a myriad of enterprise software licensing SKU’s that range from hundreds to tens of thousands of dollars based on type of license
- Most ISV’s license their software in a variety of ways—per user, per device, per VM, or per CPU/socket/core—and have numerous pricing guides and practices for on-prem vs. virtualized on-prem vs. cloud-based licensing which can be very confusing and costly if you’re licensed incorrectly
- Trying to manage software assets manually via spreadsheet is complex and prone to human error—especially if you have thousands of licenses sold through numerous channels
The Cherwell Asset Management solution can help organizations manage their IT systems more effectively, while saving time and money by avoiding unnecessary asset purchases. Organizations that develop and maintain an effective IT asset management program further minimize the incremental risks and related costs of advancing IT portfolio infrastructure projects based on old, incomplete, and less accurate information.
Discover how Cherwell Asset Management can help you minimize license risk and reign in costs. Learn more.
Furthermore, automating and centralizing the management of your software assets enables an easy way to share, track, and report on your software licensing entitlement positions so when it comes time to negotiate on your next volume contract agreement you can do it from a position of power with the confidence that you know exactly what’s under management, what solutions are being utilized, and where your organization is realizing the greatest benefits and return on investment from your software solutions.
And in contrast to other IT asset management solutions, Cherwell Asset Management offers a straightforward implementation that leverages your existing infrastructure and, on average, takes just hours—versus weeks or months—to deploy. You don't need to be a SQL expert to run the reports you need, or a financial professional to take advantage of its powerful purchasing functionality—nor do you need professional services to optimize your implementation.
See Cherwell Asset Management in action in our 8-minute demo.
Ebook 5 min
The Definitive Guide to Service Desk KPIs and Metrics
In this comprehensive guide, you'll learn how to develop a portfolio of ITSM KPIs and Metrics that support not only your own IT team's goals, but also the business outcomes your service desk is expected to deliver.
Ebook 7 min
7 Deadly Sins of ITIL Implementation
Wondering whether ITIL® is still relevant in today's fast-paced digital environment? ITIL holds many timeless truths, but it can be misapplied when taken too literally. Uncover the seven mistakes commonly made with ITIL implementations, and gain guidance on how you can go faster—while still upholding ITIL's key principles.
Analyst Research 10 min
NEW! Gartner 2019 Magic Quadrant for ITSM Tools
Considering a new ITSM solution? Start with a complimentary copy of Gartner’s 2019 Magic Quadrant for IT Service Management Tools. The Magic Quadrant provides an evaluation of ten ITSM vendors—along with their viability, strengths, and cautions—and recommendations for defining your requirements
You might also be interested in
Harnessing Technology in Digital Transformation: A Conversation with Futurist Matthew Griffin
Why User Experience Should Be Front and Center in Digital Transformation
People are at the heart of any business, so it's essential to ensure that your digital transformation efforts focus on improving the experience of both employees and customers.
12 Digital Transformation Expert Insights for IT Leaders
Inspire and inform your digital transformation initiative with quotes from IT experts and statistics that can guide your strategizing.