Our product, Cetrus Process Meter (CPM) collects detailed information about software application and license use. As our product and customer base grows, we are learning that clients have uses for CPM data that we never considered.
There is an efficiency-killing evil plague affecting many Architecture, Engineering, and Construction (AEC) firms. It’s called…wasting resources. OOoOooOooo terrifying!
Too dramatic? Yeah probably. However, the truth is that wasting resources affects profitability, thus poisoning the strategic planning and overall success of the company.
Where is it? Well, inefficiencies in resources can occur just about anywhere (cue Jaws theme). Our experience shows that software is an area where over-licensing causes companies to spend around 30% more than they should.
Topics: Strategy and Planning
September 22 is the official first day of fall!
Personally, I think fall is wonderful. It brings colorful trees, cozy blankets, and everything pumpkin (pumpkin spice bread is my favorite).
But for corporate America, it often indicates the beginning of endings: yearly deadlines and financial goals. This can be extremely stressful and will cast a moody haze over a cheerful holiday season if you let it.
To help meet these deadlines for your software/overhead resources, consider cutting down software licensing costs. In our experience, most firms are around 30% over-licensed. So just picture cutting down software overhead by 30%...are your financial goals suddenly a lot closer?
Topics: Strategy and Planning
Could you answer (with 100% certainty) the following questions?
- What applications are installed on each machine in your company?
- Are all licenses used every day?
- When checked out, are applications always actively used?
- Do employees ever “park” applications on their computer to ensure they access a copy at all times?
- What times of the year do you need additional licenses due to high demand?
Would you be prepared?
On websites from Forbes to Huffpost, economists are forecasting a downturn of the US economy. Naturally there are differences in each prediction. The timeline ranges from around the end of 2019 to the end of 2020, and the predicted severity ranges widely from “[it’s] really gonna suck” to “worse than the great depression” (Delaney; Mauldin).
We have seen this before. A company will come to us with a single question: How many licenses do I need? Our Activity Monitor Plug-in easily answers that question (and several others) with application monitoring.
However, many people do not realize that Cetrus Process Meter (CPM) also generates profit with Expense-2-Project (E2P) software billing. Sometimes we get so focused on a single problem, we forget to think about how an entire process can be improved.
Subscription licensing gives you the ability to balance (lower monthly cost) long-term licenses, with (higher monthly cost) short-term licenses for each application. The actual cost effectiveness of yearly subscriptions decreases if the licenses are idle from long periods of disuse. However, the cost-effectiveness of a short-term license increases if used for a maximum of their license period and purchased on an as-needed basis.
The shift to subscription licensing has been driven by three key marketplace trends: customer demand for flexibility (shorter license term commitments); Wall Street for financial transparency; and software development organizations for lower support costs.
2018 is not just another 2017. 2018 is the year organizations realize they need different (and more) data than ever before to make informed application licensing decisions. In this post we’ll briefly touch on two of the major changes happening in the marketplace and what questions you need to ask to prepare your company for success.