Reduce software costs and regain control of your IT estate with better engineering asset visibility. Effective software license management is the foundation of that control.
Managers are consistently looking for cost-cutting measures to ensure the longevity of their organizations. Regardless of how long the current pandemic lasts, managers must think about how their teams are spending engineering resources (CAD, CAM, CAE, EDA, PLM, and many other Design, Simulation, Modeling, and Analysis tools). Read our blog post – “Right-sizing Engineering Software During Staffing Changes” where we address some considerations.
Managers and CIOs anticipate tightening of budgets for headcount, IT projects, and software. LAMUM can help with managing engineering assets and help managers make better decisions. Managers need to have:
- Engineering software asset visibility – full view of their IT estate (what they own, what’s being used effectively, etc.)
- Developing a more cohesive, cost-efficient IT estate.
Why Organizations Fail to Reduce Software Costs
Questions to consider:
- Are all of the users actively using the software, full functionality?
- Could number of licenses be reduced?
- How many licenses have been purchased?
- Click here for other questions to consider.
For practical steps on ways reduce engineering software spend, our dedicated resource outlines the most effective tactics available to engineering teams today.
Two Hidden Cost Drivers in Your IT Estate
- Toxic consumption is the unnecessary use of resources due to poor visibility. Make sure your team is actually using the resources you have spent money on and reduce incur unnecessary costs.
- Bill shock is poor capability planning leads to costly and unexpected bills. Managers must be able track and trend the usage of their cloud estate.
For more on the hidden costs unused engineering software that quietly drain budgets, explore our research on the subject.
Industry best practices published by IAITAM confirm that organizations can reduce software costs by 15–25% through proactive license visibility and usage tracking.
Having a system to save resources could not only help engineering departments save money in the long run but also save jobs.
For engineering managers already tackling overhead, our guide on engineering managers save money overhead walks through the data-driven approach in detail.
