Stop the tail wagging the dog
Businesses are under constant pressure to innovate and digitize processes. Most organizations turn to new solutions and services to help achieve this. Managing the majority of your spend allocated to bigger suppliers is relatively straightforward – at SoftwareOne we work on a rule of thumb that 80% of your software spending goes to the hyper vendors. However, most of your time is spent on onboarding, processing licensing requests, and renewals for the long tail of smaller, often local, vendors.
This long tail of specialized software is expanding and accounting for a growing proportion of total IT spend, as technology gets ever more complex and fragmented, so the challenge for the ITAM team grows exponentially.
Establishing an effective Digital Supply Chain (DSC) for software and cloud services is fast becoming vital for any ITAM team. Creating a central catalog of pre-approved software and automating end-to-end processes covering software requests and contract renewals to retirement can dramatically improve the visibility and control your team has over software assets and cloud services.
A DSC collects the data that ITAM teams need to do their job and helps bring services and software back under control. That means they can make smarter, data-driven decisions about optimizing and rationalizing the software and cloud services the organization has built up. Which means they can save the company money and reduce risks from software audits, data security and new cyber security threats.
An effective and efficient Digital Supply Chain provides a better end user experience. It means IT assets and services are well managed and ITAM and procurement teams are aligned for contract negotiations and renewals. This frees up valuable time for IT asset managers to focus on strategically important initiatives and be proactive in speeding up innovation, transformation and driving value for the business.