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With many engineering teams now working remotely or in hybrid environments, understanding how your EDA (Electronic Design Automation) software is being used has never been more important. Are your licenses being fully utilized? Are there specific times or users that...
Many companies have had specialists write home-grown code. It was was written long ago and has been in use for some time. Although limited, perhaps out of date, it is installed and working, and probably doesn’t cost anything. But what are some considerations? What...
Challenges in managing license assets arise in different ways - data proliferation, lack of data sharing, data disappearance, timely alerts on expiring license keys, inadequate license asset reporting, and access to binding License Agreements. Data proliferation...
In the past, obtaining engineering software applications meant a purchase of a perpetual license, with annual maintenance, which is typically 20% of purchase cost per year. This is still the most popular approach. Subscription Licenses However, Vendors are pushing...
There must be a better way to manage and track the growing costs of engineering software licenses and their associated resources. Whether in electronics, mechanical design, or advanced manufacturing, engineering software has become indispensable for innovation and...
Chargebacks for IT software and services can often be an emotive topic within organizations. Engineering and IT departments may have the same goal. That is to ensure efficient operations, but they often approach cost allocation from very different perspectives. Here’s...
A few years ago, during an intensive User Acceptance Testing (UAT) phase, a familiar scenario unfolded: “Why are Robert and his team using advanced features in the model viewer? I’m not sure we have enough licenses for this new version. How did we miss this?” For many...
In LAMUM, our Engineering Software license intelligence platform, we deliver hundreds of reports through interactive, on-demand favorites or batch delivered (Take a look at our YouTube videos to learn more about various functionality). By always innovating, we also...
Tracking how your engineering team uses software is essential for managing resources efficiently. With LAMUM (License Asset Manager with Usage Monitoring), organizations gain clear visibility into usage patterns, license demand, and group behavior. LAMUM makes...
Many engineering and IT managers have asked how checkout reports in LAMUM work and how they can be used to get the most value. These reports are essential for maintaining visibility into license activity and ensuring that resources are used efficiently. By providing a...
Remote and hybrid work have become a normal part of the modern workplace, and engineering teams are no exception. Many organizations are now planning for flexible working arrangements that allow engineers to work from any location. The FlexNet BORROW function helps...
Do you have a license Asset Management system? A good License Asset management system begins by having an accurate idea of: What you currently own How/when you bought it Its cost Its restriction of use And its expiration date Once you know these, it becomes easier to...
Engineering software licenses are expensive company assets that demand careful management. Yet, many organizations still rely on spreadsheets and manual tracking, leading to waste, inefficiency, and missed savings. LAMUM (License Asset Manager with Usage Monitoring)...
Every organization strives to achieve a solid return on investment (ROI). But when it comes to managing expensive engineering software licenses, few realize how much can be saved with the right tools in place. That’s where LAMUM (License Asset Manager with Usage...
Would knowing your software license renewal dates in advance help you plan better? With LAMUM’s expiration alerts, you can be notified 30 or 60 days before a renewal is due. This gives you the time to: Analyze your needs based on actual usage, averages, trends, and...
Negotiating software renewals can be stressful – especially when budgets are tight and every department expects access to the tools they need. Overestimating software requirements can lead to overspending, while underestimating consumption can cause costly shortfalls...
Whoever said, “Throw caution to the wind, we will get through it OK,” has likely never faced the compliance and audit teams from the world’s largest software vendors. Software licensing today has become a science of its own – or as many senior managers would put it,...
A crucial part of successful budgeting and cost reduction for engineering licensed assets is knowing what licenses your organization has. Would you be able to easily know and report on the type and number of licenses you have? Is your spreadsheet with that information...
Understanding license denials is a critical part of License Asset Management (LAM). Every engineering organization depends on multiple software tools for design, simulation, and analysis. When users cannot access these tools due to license denials, productivity drops...
For many companies and engineering managers, March 31st marks the end of a financial quarter, a time when engineering budgets come under review. One of the most significant costs, after salaries, is the expense of engineering software applications. As renewals...