Most companies try to achieve a return on their investments. So why is LAMUM a really good investment? The ROI of a LAMUM solution depends on a number of factors such as: number of engineers, cost for CAD/CAE tools per year, price of LAMUM per year, and savings that LAMUM offers. Typical savings are in the 15-25% range. Download our whitepaper to learn more about ROI calculation.
Here are 6 ways LAMUM can save you money:
- Knowing accurately what you have before you buy more. If you already own 10 licenses of a tool that costs $10,000 each, wouldn’t it be important to know that? LAMUM helps you manage current inventory of both floating and node-locked licenses.
- Improved license use efficiency. Clearly the more efficiency there is in license usage the fewer licenses you will need. Does your team really need another $10,000 license, or can your team adapt working practices to get more efficiencies from the existing licenses?
- Being better prepared to negotiate with your Vendors. Negotiating with Vendors is an important aspect in managing expensive CAD/CAE tools. Every Vendor is different in terms of discounts, negotiating tactics, personality, etc. With LAMUM, you can track vendor behavior, “giveaways”, discount rates, terms, who is who, who has approval authority, etc.
- Tracking Usage. Knowing usage patterns certainly will save you money. LAMUM delivers reports down to user and/or group level usage, with additional innovative reports such as average checkout time and percentage concurrency charts providing a complete view.
- Using the Zero usage reports. Identify tools that are not being used. Can they be dropped and save that cost accordingly?
- True Denials. A common mistake for management is to run out and buy more licenses because an engineer is reporting he/she can’t get a license. LAMUM allows filtering Denials based on type of Denial.
All this adds up to 20% savings per year! Indeed, if you are already monitoring usage in some way, even if just “basic usage”, you are getting some savings, but probably half of what you could using LAMUM. You can learn more about how LAMUM compares to DIY or home-grown solutions here.