Let’s
face it, software audits are expensive.
To ensure compliance, many IT organizations over license their software
assets. This is a costly and wasteful
practice within an already lean tech budget. Ivanti’s asset management platform can reduce
this waste by properly managing the licensing life-cycle. It also proactively identifies compliance
issues before the audit is initiated.

Calculating audit cost and determining potential optimization
savings, can contribute to the business case for an asset management
solution. Let’s walk through an example
to see how it works:

Cost
of an Audit = [number of audits] x ([average hourly wage of IT Tech
x average hours it takes to prepare for an audit] + [average true-up cost
for license compliance])

So,
for example if you conduct 2 audits per year, each consuming roughly 194 hours
of IT time (average
IT audit
), and your average tech’s hourly wage = $50/hour – calculate and add to the average true-up cost for license compliance, which is typically calculated
at $263k per 50 million in revenue – you will reach your cost per audit:

Cost
of Audit example = 2 x ((50 x 194.15) + 263,000) = $545,415 *

Now,
let’s look at the numbers
for potential software savings.
Answer
the following three questions to calculate savings:

  1. What’s your annual IT
    budget? $50 million
  2. What’s your annual
    software spend? (typically 21.5% spend) roughly 11 million
  3. How many audits have
    you experienced in the last year? 2

Please
reach out today to learn more about how ITAM can help lower your software
spend. Dataseti, in partnership with
Ivanti can deliver those savings and improve your overall asset management
process!

*based
on one hourly IT tech – approximation to demonstrate calculation

-Justin Webster, Sales Engineer | Consultant

Contact the consulting team at consultants@dataseti.com
Find us on dataseti.com or read us on dataseti.blog.
Follow us on LinkedIn, Facebook and Twitter!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.