• More and more projects require accurate data on contracts, software, and hardware, and in all but the smaller enterprises, this can be very challenging to access and maintain.
• Automation is crucial to collecting the data, but ensuring the tool actually fits your environment is key to the tool processing the data into usable reports.
• Start looking at tools with a strong understanding of your needs to ensure a good product match as well as price match. You don’t always have to spend a fortune to find the right solution.

Our Advice

Critical Insight

• Complex licensing rules can be calculated manually using information gathered through asset discovery. But where the footprint of complex licensing is high, such as a large Oracle solution, tools designed specifically for comparing hardware components to software licensing rules can help to both meet compliance and save significant dollars.
• Integration with service management tools may be significant to workflow improvement and increased accuracy in data management.
• Occasionally there is a need for multiple tools in highly complex environments. Choose one to cover the majority of scenarios but add integration to requirements documents. Book a call with an analyst to discuss these options in more detail.

Impact and Result

• Understand what features are available from asset management software providers and how they can benefit your organization.
• Identify an asset management solution that meets your organization’s specific use case without overpaying for unnecessary features.
• Determine which asset management solution provides the best value for your organization.