Financial Management

Many factors can lead to virtual software shelves that beg for attention as it is takes up precious expense dollars. Avoid shelf ware with processes.

Due to a lack of planning, management oversight, and operational processes and controls, organizations are wasting an estimated 35 percent of their spend on public cloud computing resources such as those provided by Amazon Web Services (AWS), Azure, and Google Cloud (GCP).1 This wasted spend can negate or exceed the cost savings realized by switching from on-premises to cloud services. ...

What’s soft about software? The term “software” is ubiquitous to a degree that few hearken back to review the origins of the word. The “soft” nature of software implies it to be amorphous compared to its computer counterpart “hardware”, but certainly it is software that brings “muscular” value to hardware. Software’s intrinsic value originates from the effort that goes into ...

Business Executives approve a large number of project proposals each year, but also have to reject many others, even though they might offer good business value. What often distinguishes an approved project proposal from a rejected one is the quality, credibility and compelling nature of the information contained within the project’s business case. Unfortunately, most organisations may already have an ...

“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 ...

“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 ...

Looking for software savings can be analogous to looking for a missing airline. Substantial money will be spent without results if you don't know where to look.

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 ...

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 ...

By Arthur Kurland, CHAMP & CITAM ITAK V7 I11 As a Certified IT Asset Manager (ITAM) and member of a few property management professional groups, I’ve seen many requests for help from those looking for the best way to start an ITAM program at their company.  Since I’ve helped implement more than one ITAM program, I want to share an ...