Latest ITAM News

Financial Management

Is SAM a Cost or an Investment?

“Every time we make an investment decision at Fedex, we ask ourselves: What is the return on this investment?” Frederick Smith Software Asset Management practitioners frequently claim that implementing a SAM project is an investment because it leads to cost savings and efficiency benefits yet few organizations actually have measures to show the return on investment. This article takes issue ...

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IT Culture: 10 Positive Indicators

“An indicator is something that helps you understand where you are, which way you are going, and how far you are from where you want to be [communitiescommittee.org].” You’ve spent the last years implementing new strategies to increase operational efficiencies and reduce costs. Your team got a bonus for succeeding. But wait, can more be done? And how do you ...

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Invoice Verification – What and Why? – Consider this Foundational Practice for Proactive ITAM

By Sherry Irwin, Technology Asset Management, Inc. ITAK V10 I4 Disclaimer:  Specific content, while representative of industry practices, is provided as example only and should be modified for your organization. The Challenge Invoices are the means by which vendors collect payments due for products and services provided to their customers, usually under the terms of a contract, order form and/or ...

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Maximizing Chargebacks – Taking the Mystery Out of Chargeback

By Barbara McCulloch & Michelle Hannes, Halliburton ITAK V9 I3 Developing and implementing a chargeback program can be a daunting task, especially in a large global corporation.  It is achievable if the company understands the strategic objectives for charging back Information Technology (IT) services and then designs a methodology that fulfills those objectives.  Companies implement chargeback (billing the cost of ...

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Licensing for Multicore Processors – Finding the Savings

By Scott Rosenberg, Miro Consulting ITAK Volume 6 Issue 8 Multicore saves on licensing costs? By Scott Rosenberg, CEO and Founder, Miro Consulting (www.miroconsulting.com) Multicore processors are standard in enterprise server platforms.  And, the changes in multicore licensing counts can have a serious ripple effect on a company’s budget, increasing licensing costs by 25 to 50 to 100 percent or ...

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Measuring Asset Performance – Adding Value through Metrics

By Dan Abell, KodiakEDGE ITAK Volue 6 Issue 7 What is IT Asset Management overlooking? IT Asset Management has traditionally focused on hardware and software inventory management.  Software entitlement, license compliance, hardware and software maintenance management; as well as vendor management are all core competences practiced by ITAM.  However, Asset Management should also be looking at asset performance, not unlike ...

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Fiscal Responsibility – The Marriage Between IT and Finance is Sorely In Need of Counseling

By Phara McLachlan, Animus Solutions ITAK V5 I5 Savings. Cutbacks. Economic Downturn. These are all words that we are all too familiar with of late. Corporate executives at all levels are facing difficulty trying to advance the technology within their organization, while trying to simultaneously find cost savings. The problem faced by many organizations is a misalignment of Finance and ...

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Red Flags Rule – Guidelines for Responding for Financial Institutions and Creditors

By Brooks Hoffman, LifeSpan Technology Recycling ITAK V4 I9 Summary: The Red Flags Rule was promulgated by the Federal Trade Commission and other federal agencies charged with overseeing compliance to the Financial Service Modernization Act (GLB), the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transaction Act (FACTA).  It states that all Financial Institutions and others who ...

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