With SoftwareONE’s support, the company was able to reduce its software costs significantly and weather the deep crisis that COVID-19 created for the aerospace industry. By applying Digital Supply Chain principles to its software use and spending, the business saved more than USD 5 million over a 24-month period.
Today, SoftwareONE continues to support the business by notifying it 120 days in advance about software that’s coming up for renewal, including how much that will cost, and whether software is approaching end of life and needs to be replaced. SoftwareONE also works daily to help the company control and, where possible, drive down costs. And its advice and expertise mean the company doesn’t need to hire additional in-house procurement team members, which also saves expenses and adds significant industry expertise to the company’s procurement service.
“That’s where Digital Supply Chain services can provide a lot of value,” says SoftwareONE’s Global Practice Lead, Digital Supply Chain Services. “It’s effective for managing long-tail software vendors – rather than large vendors like Microsoft where a lot of eyes are focused on optimizing usage and costs.”
The aerospace company also gains valuable insights by using SoftwareONE’s PyraCloud platform for reporting. By providing a single place in which to view invoices, past spending and software consumption history, for example, the PyraCloud portal helps the organization’s finance team with accrual-based accounting.
Such support is especially valuable now that markets have started recovering from the COVID-19 crisis and inflation has become a growing economic concern.
“The level of control we help provide over the software supply chain is really critical right now as we enter this next phase of the global economy,” says the SoftwareONE Global Practice Lead, Digital Supply Chain Services.
“SoftwareONE provided vital support when we needed it most,” adds an executive with the aerospace company. “Their team has been great to work with and is always ready to help.”