Budgeting and managing the costs of engineering application software within a budget is always a challenge. It is often met with defeat no matter how experienced one is at doing it. Why? Unforeseen business needs appear in the budgeted new year, software suppliers increase prices, engineers / management insist on the need for new software that will solve current design problems, etc… However, financial management requires you meet all these needs and more within the defined budget.
“Why do you need the software based on the data?”
Foundational to software budget management is good engineering, financial management and software supplier reports. This report in many instances, has to be coupled with a robust tool which provides the answer to “Show me the data” or promotes the question “Why do you need the software based on the data?” for additional credibility on your recommendation on what to do.
A versatile and easy to use data collection tool, accessible at a moment’s notice, is a critical tool for anyone managing software portfolio budgets and by the engineering customer also. TeamEDA’s LAMUM, in my experience, has been an outstanding tool in supporting the many needs in managing a diverse engineering
application portfolio across numerous engineering sites and time zones.
“Easy Installation”
Being a recent adopter of LAMUM, after years of using other tools, it is easy to setup and use. This is first and foremost. Some of the simple things, I like, are the automated emails to admin support, if an application license server goes down in 1:00am in the morning and automated weekly reports on unused software and concurrency reports for key, high demand, expensive software.
Strategic Data Optimization
Foremost, LAMUM shines as an investigative tool, when searching for data on how to optimize:
- Find dollar savings in your software portfolio
- Meet a budget challenge
- Inspect the utilization of reserved licenses allocated to dedicated resources
- Monitor application utilization / denials
- Set license timeout releases for idle software appropriately.
LAMUM provides the data to guide the optimization decision of existing licenses over time, in deciding whether to re-allocate or reduce existing software licenses is appropriate.
About TeamEDA, Inc.
TeamEDA are experts in the development and deployment of Integrated Software Licensing Management for Engineering Applications. With its proprietary software, TeamEDA combines both License Asset Management and Usage Monitoring into one integrated suite of services. LAMUM™ is a best-in-class software tool that no manager’s toolkit is complete without. TeamEDA is headquartered in Manchester, NH.
“License Asset Manager” and “LAMUM” are trademark names of TeamEDA and are products solely of TeamEDA.
