Start saving today with SLM Cost Take-out
Our unique offerings have benefited businesses just like you – now it’s your turn.
Start saving today with SLM Cost Take-out
Our unique offerings have benefited businesses just like you – now it’s your turn.
Recent events spurred forth by the COVID-19 pandemic have been putting a massive strain on IT teams. If you’re experiencing budget reductions, a downward slope in employee headcount, and an overall decline in revenue, you’re not alone. Right now, businesses are reeling from a sudden halt in growth and looking for any internal costs that can be reduced or optimized in order to weather the storm brought by COVID-19.
In a situation like this, IT teams – and the organization at large – tend to look to the CIO for guidance. This enhanced pressure to generate savings has put CIOs in a difficult spot. In the world of IT, cost savings aren’t always free for the taking - and when you don’t allocate time and resources into cost-savings measures, costs can quickly expand. For instance, software spend tends to passively creep up 8-10 percent year-over-year, and without a concerted effort, your costs will only increase.
This can be mitigated by Software Lifecycle Management (SLM) – the practice designed to eliminate wasteful consumption by finding inefficiencies in your current software environment. Technology and commercial issues are more closely interlinked than many realize, with visibility being a primary concern. The average organization has at least 14 times more instances of cloud services running than the CIO thinks – resulting in organizations wasting millions on solutions that bring little-to-no benefit.
However, finding these connections can be complicated. Let’s take a look at how to quickly identify potential areas of savings in your software environment through high-quality SLM.
If you’re experiencing significant challenges due to recent market conditions, you’re probably feeling great pressure to generate savings and recoup revenue as quickly and efficiently as possible. As a CIO, or someone close to one, you might be feeling the weight of a few different scenarios. Let’s lay them out.
If at least one of these scenarios feels familiar, you would benefit greatly from evaluating your current software management approach and rapid identification of savings potential. Each one of these situations is influenced by the same desires: a need for cost reduction, cost avoidance, and risk mitigation that results in a better overall investment from your current software in use. All of these benefits can be found through a thorough approach to SLM.
Grappling with the challenges outlined above by your lonesome doesn’t create an ideal situation. Remember that your time is valuable too, and the faster you start planning your SLM strategy, the faster you’ll receive savings. For that reason, relying on expert guidance is highly recommended to ensure your initial approach is dead-on before investing more time in cost optimization.
That’s why we developed SLM Cost Take-Out, our rapid, focused, and flexible solution that gives organizations the value they need using the optimal timeframe outlined to us. With thousands of successful SLM projects under our belt and decades of experience, we have the deep knowledge required to help our customers reach their goals.
We help our cost-conscious customers through a three-step process that starts with diagnostics, then grows into choosing your ideal path for software savings, which leads the way to us helping you realize your cost reduction strategy. Let’s examine each phase individually.
Before you begin your cost savings journey, it’s essential to know where you stand. However, with many software assets hiding out-of-sight in the typical organization, it helps to receive some outside assistance. When you begin SLM Cost Take-Out, the team at SoftwareOne will interview stakeholders, collect data about your procurement, contract terms, software consumption, software use, administrative expenses, governance details, and more. Thanks to our proprietary diagnostic platform and inventory data analyzer, this incredibly thorough process takes only a few days.
Once we’ve finished our diagnostic analysis and understand your SLM environment inside-out, we are ready move onto the next step.
Once we’ve analyzed and established areas of improvement in your current SLM strategy, it’s time to look for areas where you can save. We’ll look across all corners of your organization for sources of savings, but we tend to find them in the following areas:
This assessment should take no longer than a day, although your team should spend as much time as needed to select the best path forward out of all your saving opportunities. Once you’ve determined the areas you’d like to focus on, we’ll start planning an actionable strategy to help you realize the full extent of your savings goals.
The final phase of the SLM Cost Take-Out service, “execution,” relates to how we’ll help you take action after we agree upon initiatives. This phase can be as brief as a few months or stretch to be a multi-year process depending on your requirements and priorities. During this phase, we’ll define and track the detailed steps you need to take, while helping you delegate responsibilities and find the ideal KPIs for your chosen savings initiative.
Through each of these phases, we aim to provide customers with speed, flexibility, and variability as we identify quick wins and rapid cost reduction. However, it’s worth restating that every organization will have a unique path to cost optimization which can drastically influence your savings. Although we’ve helped businesses save anywhere from 30 to 70 percent on their software investments, your true savings will depend on factors like your technological maturity level and your chosen focus areas for cost optimization. Nevertheless, we feel confident saying you’ll save up to 15 percent once this process is said and done.
Software Lifecycle Management can be very complex, and it’s incredibly difficult to optimize your environment all on your own. However, by working with a partner to take a deep dive into your current SLM environment, you can ensure the proper steps are being taken to control spending and strengthen your overall SLM strategy.
By teaming up with SoftwareOne we’ll meet your organization exactly where you are from a strategy and maturity standpoint, then listen to your savings goals – whether they’re short-term, mid-term, or long-term. We’re ready to flex our decades of expertise across thousands of global projects to help your organization start making a change today. By partnering with us, you’ll enjoy a range of benefits that will transform your wasted spend into a ripe opportunity for your whole organization.
Our unique offerings have benefited businesses just like you – now it’s your turn.
Our unique offerings have benefited businesses just like you – now it’s your turn.