License abuse is one of the hidden perils of floating software licenses, costing companies enormous amounts of money without them realizing it. Imagine this - A well-meaning engineer needs to work on various projects through out the day, but is worried from previous...
By Paul Riviere - Head of Sales, TeamEDA It’s here! LAMUM NX1.0, the next generation of LAMUM, has launched. With a new look and feel to the user interface, making It sleeker and more agile, LAMUM NX1.0 is ready to address your engineering Software License Management...
We’re proud to announce the release of LAMUM NX1.0, the next generation of engineering software license management and monitoring. Leveraging our License Asset Manager with Usage Monitoring (LAMUM)’s best-in-class functionality and reporting power, LAMUM NX1.0 is a...
For most engineering companies worldwide, the cost of engineering software licenses is the second largest overhead expense they face. Despite the considerable investment spent on these licenses, their management and monitoring is usually done via in-house scripts or...
Right now is a critical time for many companies to make crucial decisions about acquisitions, mergers and changes in staffing. As organizations are thinking about ways to move forward, it is becoming increasingly important to consider what engineering licenses are...
In today’s engineering landscape, companies rely on an increasing number of specialized software tools to complete their projects. But does your organization use multiple products with overlapping features? As we’ve discussed in our previous blogs, it’s essential to...
Many companies struggle to fully understand how employees are utilizing expensive software and other digital resources. While Shadow IT – the use of unauthorized software or tools by employees – isn’t a new phenomenon (it existed well before COVID), the shift to...
Understand your idle license count so you can hire more engineers!! We have recently noticed many companies talking about the “great rehiring“. This year, many organizations had to think about their engineering staff counts and making sure they use their engineering...
Are your engineering managers frustrated about paying for software licenses that aren’t being used in certain regions? If so, you’re not alone. As engineering organizations expand across borders, license visibility and cost allocation become increasingly difficult to...
Track any of the following data for license inventories by: Vendor information (name, tool, quantity, # seats)Dates (Acquired, renewals and terms)Purchase type (Subscription, Perpetual,….*)Restrictions on use (WAN, LAN, Node,.…*)Costs and associated PO, ReqRelated...
Licensing for engineering software can be node-locked, named-user, or floating (also called concurrent-use). Floating is most popular because licenses can be shared. However, the Vendor puts a restriction on how much sharing can occur. Floating licenses can be WAN...
Engineering software is very expensive, with licenses (seats) costing as much as $100,000 each. CAD on average might cost $5-10,000 a seat. CAE $10-20,000 a seat. EDA $20-$50k a seat. Controlling these costs is a management imperative. What do you need? Understanding...
Research is forecasting that the "Office Environment" might not come back after the Pandemic. Most of the work force is working from home and this causes plenty of strain on the production process. See article from Pew Research. The ability to talk with a co-worker...
How much are you spending on Engineering Licensing?Do you know how much you could be saving or how to leverage data to make sure you are not spending too much? It may sound like a pop quiz, but these are crucial questions with answers that can affect production rates,...
The Pandemic has caused all of us to rethink what can be considered normality. Ensuring your remote workforce is set up for success has become a true necessity. The past year has forced many companies to re-evaluate how the day-to-day operations are being managed with...
It seems like only yesterday that Perpetual licenses were the only method to purchase Engineering Software, paying a maintenance fee annually was the accepted practice. However, the creeping increase in annual maintenance costs, speed of IT transformation and the...
This blog is part of TeamEDA's broader resource on software license management. If you are new to the topic, that is a good place to start before diving in here. Many think of SAM (software asset management) as a glorified spreadsheet for listing licenses and vendors....
Do you have compliance milestones your team is trying to meet? Are you looking for ways to optimize your discretionary engineering spend and make decision-making faster? TeamEDA can offer a single repository for monitoring usage. If the estimate is overestimated: The...
Are you facing budget cuts or constraints this year for your R&D team? Have you been putting off the analysis of your AutoCAD, GIS, CAD, CAM, Simulation, EDA, PLM, etc. license performance? Everyone is feeling the pressure of budget cuts and constraints. Are the...
Engineering teams around the world are being forced to re-evaluate just about every aspect of their spend and operations. For those who can ride out the storm, managers have important decisions that need to be made. Here are a few considerations: Software Licensing:...