Software Asset Management Professionals

10 Data-Driven Software Asset Management Best Practices to Revolutionize Your IT Program

Posted on May 30, 2024July 9, 2024 by dingusandzazzy

In today’s fast-paced tech landscape, you’re leaving money on the table if you’re not using data to manage your software assets. I’m not just talking about a few bucks here and there—I mean big bucks. Between complex licensing models, data fragmentation, and unpredictable audits, the lack of a data-driven Software Asset Management (SAM) strategy can lead to massive financial losses and compliance nightmares.

Years ago, I worked with a client overwhelmed by a vendor audit. They had no clue about their software inventory and licensing requirements. After tens of thousands of dollars in penalties, they finally realized the value of data-driven best practices. Here’s how to avoid those pitfalls and supercharge your IT program with these ten data-driven Software Asset Management best practices.

I. Comprehensive Inventory

Multiple Discovery Sources:
You’re missing a lot if you rely on a single software discovery tool. SCCM (System Center Configuration Manager) only gives part of the picture, while other tools like antivirus consoles can provide critical data. In Software Asset Management, pulling inventory data from several sources is essential to see the complete landscape.

Coverage Completeness:
You need at least 90-95% coverage across devices, servers, and user accounts. Anything less leaves you vulnerable to incomplete data that could result in costly non-compliance fees. Think of it like sweeping a floor—if you miss a corner, you won’t realize the dust bunnies until someone points them out. Make sure you’ve covered every nook and cranny.

Consolidation:
It doesn’t stop with discovery. Centralizing all this data into a single source of truth, like a Configuration Management Database (CMDB), will streamline analysis. This way, you won’t scramble to consolidate conflicting data sources when an audit happens.

II. Data Normalization and Standardization

Normalization Engine:
Imagine your data as raw material. Without refining it through normalization, you’re left with noise and chaos. A normalization engine ensures consistent data across your Software Asset Management program. I’ve seen many clients implement engines that cleaned up their data significantly, saving them hours (and dollars) when reconciling inventory.

Validation:
Don’t just trust automated tools. Trust but verify! I’ve had cases where ServiceNow Sam Pro or Flexera normalization engines returned false positives. Conduct periodic manual checks to ensure the data reflects your IT environment.

Attribute Accuracy:
Getting a hold of accurate attributes is crucial. Verify physical and virtual distinctions, guest/host relationships, and cloud deployments. SQL Server’s Reporting Services might be licensable separately from the primary database, which you shouldn’t overlook.

III. Contracts and Licensing Optimization

Centralized Contracts Database:
Keep a centralized database of contracts, purchase orders, renewal dates, and vendor license statements. A centralized contracts database simplifies managing your organization’s licensing agreements and entitlements.

Entitlement Management:
Unused entitlements are like buried treasure waiting to be discovered and aligned with actual usage. I once helped a client recover several unused licenses after aligning their usage data with contracts, resulting in significant savings.

Optimal Licensing Models:
You can’t assume the licensing model you chose years ago is still the best fit today. Regularly reassess models like per-core vs. per-processor to avoid over-licensing. For instance, switching to licensing at the virtual OS level saved a client almost 50% of Windows Server licensing costs.

IV. Audit and Compliance Management

Audit-Ready Inventory:
Don’t be the company that panics when the vendor calls for an audit. Ensure your inventory data is always up-to-date and aligned with your licensing agreements. If you’re not audit-ready, you’re asking for trouble.

Compliance Monitoring:
It’s essential to have systems monitoring compliance regularly. Microsoft makes over 400 changes per year to its licensing terms alone. Consistent compliance monitoring keeps your Software Asset Management program in line with vendor rules and changes.

V. Implementation and Best Practices

Executive Support:
Having your executives on board with the SAM program would be best. Without their buy-in, getting the resources and authority necessary for successful implementation is an uphill battle.

Clear Objectives and KPIs:
Set clear goals and KPIs for your SAM program, like reducing audit risk or improving license optimization rates. A client once complained about not seeing the ROI from their SAM program, only to realize they hadn’t set measurable KPIs to track progress.

Consistent Processes:
Inconsistent data monitoring leaves you guessing. Establish consistent processes for checking data quality and implementing corrections. By maintaining regular tracking, you can fix issues before they balloon into costly problems.

Conclusion

A data-driven SAM program is your ticket to significant cost savings, audit compliance, and strategic IT planning. It can help you revolutionize your IT operations by implementing comprehensive inventory management, standardizing your data, optimizing your contracts and licensing, and maintaining audit-ready compliance.

How SLIM 360 Slashed Office 365 Costs by $300k.

Posted on July 27, 2023June 7, 2024 by dingusandzazzy

Optimizing costs for software and cloud contracts is a pressing challenge faced by organizations worldwide. Astonishingly, many businesses still need to recognize the significant savings that lie untapped within their Office 365 environment.

While many businesses have embraced the advantages of Office 365, they often miss out on potential opportunities for substantial savings. These overlooked opportunities for cost efficiency can profoundly impact their bottom line.

Introducing SLIM 360, a revolutionary Software-as-a-Service (SaaS) tool designed to unlock maximum cost efficiency for Office 365 users. Organizations strive to optimize software and cloud contracts while maximizing savings.

Are you ready to experience the transformative power of SLIM 360? Embark on enhanced cost efficiency and improved productivity in your Office 365 environment. Let us explore how SLIM 360 empowered a mid-sized enterprise to reveal hidden cost savings, revolutionize operations, and reduce annual expenses by an astounding $300k.

What is SLIM 360?

SLIM 360 offers a comprehensive solution, empowering businesses to uncover hidden cost-saving opportunities and revolutionize their operations. SLIM 360 enables organizations to slash expenses by an astounding $300k per year with powerful features like the following:

Tagging engine for effective categorization
Identification of unused licenses
Streamlined license assignments
Proactive software asset management

Learn more: SLIM 360: Spend 40% Less on Microsoft Licensing

What Case Study Has Been Done With SLIM 360?

Our featured company, an ambitious mid-sized enterprise, had already implemented some cost-cutting measures. However, they suspected that there was still untapped potential for further improvement. Seeking an innovative solution, they turned to SLIM 360 for guidance.

What are the Benefits of Using SLIM 360?

The Tagging Engine: the Power of Effective Categorization

One of SLIM 360’s standout features is its powerful tagging engine, which played a pivotal role in identifying cost optimization opportunities. Leveraging this tool, the company’s IT team swiftly identified services exclusively used by contractors.

These users, responsible for managing the SAP environment, required email access solely for multi-factor authentication (MFA). With SLIM 360’s recommendation, the company seamlessly transitioned from E3 to Exchange Online and Azure AD for MFA purposes only, significantly reducing costs without compromising security or functionality.

Uncovering Unused Licenses

In an eye-opening revelation, the company discovered that it had been paying for several unused Visio, Project, and Power BI licenses. With SLIM 360’s powerful insights, they swiftly identified these dormant licenses and took decisive action to either reallocate them to active users or terminate them altogether. This proactive approach resulted in trimming excess costs and optimizing license utilization, generating substantial savings.

Streamlining License Assignments for Efficiency

SLIM 360’s meticulous analysis also revealed instances of service accounts with improperly assigned licenses within the Office 365 environment. By rectifying these license assignments, the company significantly reduced unnecessary expenses. This streamlined approach reduced costs and ensured that every user had the appropriate level of access and functionality, enhancing overall productivity.

Proactive Software Asset Management

Beyond the specific strategies employed, SLIM 360 instilled a proactive software asset management mindset within the company. The organization maintained ongoing cost efficiency by continuously monitoring and optimizing Office 365 costs. SLIM 360 provided regular reports, identified potential areas for improvement, and offered actionable insights to drive further optimization.

Through the intervention of SLIM 360, our featured company achieved remarkable results, slashing costs by a staggering 15%, amounting to an annual savings of $300k. This case study serves as a testament to the vital importance of proactive software asset management in achieving optimal cost efficiency. By harnessing the power of SLIM 360’s robust features, organizations can unlock hidden savings, streamline their Office 365 expenses, and revolutionize their operations.

Learn more: 5 Tips for Controlling Your Microsoft 365 Budget

If your organization seeks to enhance cost efficiency within your Office 365 environment, SLIM 360 is the definitive solution. Experience the transformative power of SLIM 360 and unlock untapped savings today. For more about SLIM 360 and its capabilities, visit our website.

In an increasingly competitive business landscape, every penny counts. Embrace the possibilities of cost optimization with SLIM 360 and embark on a journey of substantial savings, improved efficiency, and enhanced productivity. Empower your organization with the tools to thrive in the modern digital era.

Revolutionize Software Asset Management

Posted on June 15, 2023June 3, 2024 by dingusandzazzy

Organizations rely on software assets to drive return on investment. Which software tools do companies depend on to make light work?

Productivity tools.
Communication platforms.
Content management.
Email systems.
Operating systems.
Telecommunication tools.
Video conferencing.
Marketing campaign dashboards.
CRMs, and so much more!

Software asset management is an integral part of daily operations. But managing software assets can be a daunting task for many organizations. There are so many software licenses, vendors, and changing compliance regulations. So, managing software assets can be time-consuming and expensive.

Tech execs are often left at odds when negotiating software asset contracts. The rising software licensing and maintenance costs burn a hole in your IT budget. Did you know? You can negotiate software licensing while staying on top of software usage compliance.

Don’t worry; you’re not alone. Many enterprises face these challenges and need help finding a solution. But what if there was a way to revolutionize software asset management? MetrixData 360 offers a solution that could change the game for your organization.

That is where Software Asset Management (SAM) comes into play. SAM is the practice of managing and optimizing software assets throughout their lifecycle. That takes place to reduce costs, improve security, and ensure compliance.

How Can You Simplify Software Asset Management?

MetrixData 360 is a leading SAM solutions provider revolutionizing software asset management. No one else makes software asset management this easy for every business to access. MetrixData 360 bridges several barriers for their target customers, including:

Transparency:

MetrixData 360 offers total transparency to support software usage policies. That lets companies see where they can either merge or drop licenses.

Customization:

Software asset intelligence can adapt to fit an organization’s specific needs. That enables flexibility to manage their software assets optimally.

Cost Savings:

Some licenses can be cross-functional across various operations. Why have Microsoft OneDrive, Google Workspace, and Dropbox managed file storage? Cost-effective time-saving tools are the only safe option. It is vital to reduce wasted storage.

Compliance:

Metrix Data 360 ensures license compliance by tracking usage. We ensure that you only pay for licenses without which they cannot work.

Reporting:

Here, companies access comprehensive reporting capabilities. That lets them generate detailed reports so they can optimize intelligent decisions easily.

But it wasn’t always this easy! The old and outdated manual process has undoubtedly put many businesses through the backburner. Some of these critical aspects of software asset management include:

Software Discovery

Back in the day, you could only check installed software by one-by-one. Also, did you know some companies are still relying on end-user reports? Metrix Data 360 automates instant scanning of all synced devices on a network. You can also get real-time version control updates.

Inventory Management

Spreadsheet-based inventory management involves the manual entry of each device and software application.

Now, Metrix Data 360 speeds up inventory management tools. That includes tracking all of the following:

Software licenses.
License types.
License register.
Expiration dates.
Real-time metrics.

License Compliance

Before, relying on manual audits was the only way to ensure software asset compliance.

New standards allow advanced algorithms to detect the overuse or underuse of licenses. You can receive live notifications and reports to stay up to date.

Usage Tracking

Old methods relied on end-user reports and manual checks to prevent software abuse. Often, updates would be too late.

Today, usage tracking tools provide live company-wide data about overuse and license statuses.

Reporting

Years ago, manual data capture from various sources to generate reports was the norm.

Now, automated reporting tools that provide real-time data on:

Software inventory
Usage.
Compliance.
Version control
And any specific need.

Overall, new standards for software asset management streamline business operations. Automated tools enable accurate and real-time insight. That reduces the risk of wastage and immeasurable loss and increases competitive edge.

Learn More: IBM Licensing Costs: Tips for Lowering Costs and Maximizing ROI

How to Lead Software Asset Management

Establish Clear Policies:

CIOs should establish clear policies for software asset management. Outline the company’s procedures for acquiring, tracking, and disposing of software. These policies should be regularly reviewed and updated as needed.

Use Automated Tools:

CIOs can leverage automated software asset management tools to simplify tracking software licenses, usage, and compliance. These tools can reduce the time and effort required to manage software assets while improving accuracy and reducing the risk of non-compliance.

Conduct Regular Audits:

Regular software asset audits help CIOs identify areas of non-compliance or inefficiency and make informed decisions about software purchases and licensing. These audits should be conducted regularly and include an analysis of usage data to identify any areas of over- or under-licensing.

Implement Training and Awareness Programs:

CIOs should implement training and awareness programs to ensure employees understand the importance of software asset management and their role in maintaining compliance.

By implementing these strategies, CIOs can gain greater control over their software assets, reduce the dangers of non-compliance, and achieve optimal software asset management.

Learn More: How to Simplify your Microsoft 365 License Management

Why Choose MetrixData 360’s SAM Tools?

MetrixData 360’s SAM tool is an essential part of IT excellence.

We guard an organization’s software assets, enabling them to manage its licenses efficiently.
We deliver accurate and up-to-date information about software licenses and usage.
We ensure compliance with licensing agreements, avoiding costly penalties and legal issues.
Plus, MetrixData 360’s SAM tool provides insights into software usage. We help organizations make informed decisions about software procurement and deployment.

In conclusion, MetrixData 360’s SAM tool is a game-changer for organizations looking to revolutionize software assets and how they work. Contact us to book a consultation.

Best Practices for Azure Zombie Resources and Cost Management

Posted on April 27, 2023August 14, 2024 by Hailey Austin

What Are Azure Zombie Resources?

Azure zombie resources are cloud resources that are no longer in use but remain active and consuming resources, resulting in unnecessary charges. Zombie resources can occur when cloud resources are not adequately decommissioned or deleted or when resources are left running but are no longer needed.

These resources can be a significant problem for organizations using Azure, as they can result in unexpected and potentially significant Azure bills. To avoid this issue, it is vital to regularly review and clean up your use of Azure to ensure that all resources are appropriately decommissioned or deleted when they are no longer needed. Several factors can contribute to the development of Azure zombie resources.

For example, zombie resources can occur when:

Resources need to be correctly decommissioned: When resources are no longer needed, it is vital to decommission them properly by deleting or deallocating them. Without this step, the resources will continue to consume and generate charges.
Resources are left running when not in use: Some resources, such as virtual machines, can be left running when not in use, resulting in ongoing charges. To avoid this issue, stopping or deallocating resources when they are not needed is essential.
Resources are not adequately managed: Resource management is critical to avoiding the development of Azure zombie resources. This includes regularly reviewing resource usage and taking steps to decommission or delete resources that are no longer needed.

There are many tools and strategies that organizations can use to identify and remove Azure zombie resources, including:

Using Azure Resource Manager policies: Azure Resource Manager policies can enforce resource management standards and automatically decommission or delete resources that are no longer needed. For example, you can use policies to specify that resources must be deleted after a certain period of inactivity or to delete those terminated automatically.
Using Azure Cost Management tools: Azure Cost Management tools, such as Azure Advisor, can help organizations identify resources that are consuming significant resources or generating high costs and suggest ways to optimize their usage. For example, Azure Advisors can identify underutilized or overutilized resources and recommend actions to maximize their use.
Review resource usage: Reviewing resource usage can help organizations identify resources that are no longer needed and take steps to decommission or delete them. This can be done manually or automated using tools like Azure Resource Manager policies.

Contact us to learn how we can help you manage your Azure resources and get proper visibility of your data.

Azure Cost Management

Azure is a powerful and feature-rich cloud platform that offers a wide range of services and tools to help organizations build, deploy, and manage applications and

Workloads. However, the cost of using Azure can be a significant concern for organizations, particularly as the scale and complexity of their Azure environment grow.

Optimizing Azure costs requires a strategic approach considering the organization’s needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost.

Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.

Utilize Azure Cost Management tools: Azure provides various tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.

Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.

Optimize resource deployment: The way that you deploy resources in Azure can have a significant impact on your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.

By following these strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

Azure cost management best practices:

Effective Azure cost management requires a strategic approach considering the organization’s needs and requirements. To help optimize Azure costs, we recommend the following best practices:

Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost.
Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.
Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.
Leverage Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.

Azure cost management tools:

Azure provides a range of tools and services to help organizations optimize their costs, including:

Azure Cost Management: Azure Cost Management is a comprehensive platform that provides visibility into your Azure costs, usage, and trend data. With Azure Cost Management, you can track your costs in real-time, optimize your resource usage, and optimize your Azure spending.
Azure Advisor: Azure Advisor is a free service that provides recommendations to help you optimize your Azure resources. Advisor analyzes your resource utilization and workload patterns and provides recommendations to help you optimize your costs, improve performance, and increase security.
Azure Pricing Calculator: The Azure Pricing Calculator is a tool that allows you to estimate the cost of running your workloads on Azure. You can use the calculator to estimate costs based on specific services, regions, and resource sizes and compare the cost of running your workloads on Azure to other cloud platforms.

Azure cost management strategies:

Effective Azure cost management requires a strategic approach considering the organization’s needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

Adopt a cost-conscious mindset: To optimize your Azure costs, adopting a cost-conscious mindset and approach to resource management is essential. This involves being aware of the cost of your resources and actively seeking ways to optimize those costs.
Develop a cost management plan: A cost management plan is a roadmap for optimizing your Azure costs over time. Your plan should outline your cost management goals, the strategies and tactics you will use to achieve those goals, and the metrics you will use to track your progress.
Utilize Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.
Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.

Azure cost management tips:

In addition to the strategies and best practices mentioned above, there are several additional tips that organizations can follow to optimize their Azure costs:

Monitor your costs regularly: Monitoring your Azure costs can help you identify optimization opportunities and make changes to reduce your costs. Azure provides a range of tools and services, such as Azure Cost Management and Azure Advisor, that can help you to track your costs and identify areas for improvement.
Consider using reserved instances: Reserved instances can help you to save on Azure compute costs by allowing you to reserve capacity for your workloads at a discounted rate. When you purchase a reserved instance, you commit to using a specific computing capacity for a certain period in exchange for a discounted rate.
Use Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.
Utilize Azure Cost Management policies: Azure Cost Management policies allow you to set rules and alerts to help you optimize your Azure costs. You can use policies to define budget thresholds, set alerts for when costs exceed a certain threshold and enforce resource tagging standards.
Use Azure Cost Management APIs: The Azure Cost Management APIs allow you to access your Azure cost and usage data programmatically, enabling you to build custom cost management solutions or integrate your Azure cost data with other tools and systems.

Azure cost management tools – documents that can help:

Azure provides a range of documentation and resources to help organizations optimize their Azure costs, including:

Azure Cost Management: The Azure Cost Management tool and its documentation provide detailed information on how to use the Azure Cost Management platform, including how to track your costs, optimize your resource usage, and manage your Azure spending.
Azure Advisor: The Azure Advisor documentation provides information on using the Azure Advisor service to optimize your resources and reduce costs. The documentation includes information on how to use Advisor to identify optimization opportunities, get recommendations, and track the progress of your optimization efforts.
Azure pricing: The Azure pricing tool provides detailed information on the cost of Azure services, including pricing details for specific regions, resource sizes, and services. The documentation also includes Azure pricing plans, discounts, and billing options.

Azure cost management pricing:

The cost of using Azure varies depending on the specific services and resources consumed. Azure offers a range of pricing plans and options to suit the needs of different organizations, including:

Pay-as-you-go pricing: With pay-as-you-go pricing, you pay for the specific Azure services and resources you consume based on the published rates. This pricing model is ideal for organizations with variable or unpredictable workloads or wanting the flexibility to scale their resources up or down as needed.
Commitment-based pricing: Commitment-based pricing allows you to purchase Azure services at a discounted rate in exchange for a commitment to use a certain number of resources over a specified period. This pricing model is ideal for organizations that have predictable or stable workloads and can commit to using a certain number of resources over a more extended period.
Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.

Azure cost management resources:

In addition to the documentation and tools mentioned above, there is a range of additional resources available to help organizations optimize their Azure costs, including:

Azure Cost Management blogs: The Azure Cost Management blog provides updates and best practices for optimizing Azure costs, case studies, and success stories from organizations that have successfully optimized their Azure costs.
Azure Cost Management webinars and training: Azure provides various webinars and training resources to help organizations learn more about Azure cost management and optimization. These resources include online courses, in-person training sessions, and virtual events.

Azure Cost Management Community: The Azure Cost Management community is a forum for Azure users to share best practices, ask questions, and connect with other users and experts. The community is a valuable resource for organizations seeking guidance and support on optimizing their Azure costs.
Azure Cost Management support: Azure provides a range of support options for organizations looking for help with Azure cost management. These options include online, phone, and support from Azure partners and third-party vendors.

By leveraging these resources and strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

Azure Cost Management

Posted on April 25, 2023June 7, 2024 by Hailey Austin

Azure Cost Management

Azure is a powerful and feature-rich cloud platform that offers a wide range of services and tools to help organizations build, deploy, and manage applications and workloads. However, the cost of using Azure can be a significant concern for organizations, particularly as the scale and complexity of their Azure environment grow.

Optimizing Azure costs requires a strategic approach considering the organization’s specific needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

By following these strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

Azure cost management best practices:

Effective Azure cost management requires a strategic approach considering the organization’s specific needs and requirements. To help optimize Azure costs, we recommend the following best practices:

Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost.
Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.
Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.
Leverage Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.

Azure cost management tools:

Azure provides a range of tools and services to help organizations optimize their costs, including:

Azure Cost Management: Azure Cost Management is a comprehensive platform that provides visibility into your Azure costs, usage, and trend data. With Azure Cost Management, you can track your costs in real-time, optimize your resource usage, and optimize your Azure spending.
Azure Advisor: Azure Advisor is a free service that provides recommendations to help you optimize your Azure resources. Advisor analyzes your resource utilization and workload patterns and provides recommendations to help you optimize your costs, improve performance, and increase security.
Azure Pricing Calculator: The Azure Pricing Calculator is a tool that allows you to estimate the cost of running your workloads on Azure. You can use the calculator to estimate costs based on specific services, regions, and resource sizes and compare the cost of running your workloads on Azure to other cloud platforms.

Azure cost management strategies:

Effective Azure cost management requires a strategic approach considering the organization’s specific needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

Adopt a cost-conscious mindset: To optimize your Azure costs, adopting a cost-conscious mindset and approach to resource management is essential. This involves being aware of the cost of your resources and actively seeking ways to optimize those costs.
Develop a cost management plan: A cost management plan is a roadmap for optimizing your Azure costs over time. Your plan should outline your cost management goals, the strategies and tactics you will use to achieve those goals, and the metrics you will use to track your progress.
Utilize Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.
Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.

Azure cost management tips:

In addition to the strategies and best practices mentioned above, there are several additional tips that organizations can follow to optimize their Azure costs:

Monitor your costs regularly: Monitoring your Azure costs can help you identify optimization opportunities and make changes to reduce your costs. Azure provides a range of tools and services, such as Azure Cost Management and Azure Advisor, that can help you to track your costs and identify areas for improvement.
Consider using reserved instances: Reserved instances can help you to save on Azure compute costs by allowing you to reserve capacity for your workloads at a discounted rate. When you purchase a reserved instance, you commit to using a specific computing capacity for a certain period in exchange for a discounted rate.
Use Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.
Utilize Azure Cost Management policies: Azure Cost Management policies allow you to set rules and alerts to help you optimize your Azure costs. You can use policies to define budget thresholds, set alerts for when costs exceed a certain threshold and enforce resource tagging standards.
Use Azure Cost Management APIs: The Azure Cost Management APIs allow you to access your Azure cost and usage data programmatically, enabling you to build custom cost management solutions or integrate your Azure cost data with other tools and systems.

Azure cost management tools – documents that can help:

Azure provides a range of documentation and resources to help organizations optimize their Azure costs, including:

Azure Cost Management: The Azure Cost Management tool and its documentation provide detailed information on how to use the Azure Cost Management platform, including how to track your costs, optimize your resource usage, and manage your Azure spending.
Azure Advisor: The Azure Advisor documentation provides information on using the Azure Advisor service to optimize your resources and reduce costs. The documentation includes information on how to use Advisor to identify optimization opportunities, get recommendations, and track the progress of your optimization efforts.
Azure pricing: The Azure pricing tool provides detailed information on the cost of Azure services, including pricing details for specific regions, resource sizes, and services. The documentation also includes Azure pricing plans, discounts, and billing options.

Azure cost management pricing:

The cost of using Azure varies depending on the specific services and resources consumed. Azure offers a range of pricing plans and options to suit the needs of different organizations, including:

Pay-as-you-go pricing: With pay-as-you-go pricing, you pay for the specific Azure services and resources you consume based on the published rates. This pricing model is ideal for organizations with variable or unpredictable workloads or wanting the flexibility to scale their resources up or down as needed.
Commitment-based pricing: Commitment-based pricing allows you to purchase Azure services at a discounted rate in exchange for a commitment to use a certain number of resources over a specified period. This pricing model is ideal for organizations that have predictable or stable workloads and can commit to using a certain number of resources over a more extended period.
Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.

Azure cost management resources:

In addition to the documentation and tools mentioned above, there is a range of additional resources available to help organizations optimize their Azure costs, including:

Azure Cost Management blogs: The Azure Cost Management blog provides updates and best practices for optimizing Azure costs, case studies, and success stories from organizations that have successfully optimized their Azure costs.
Azure Cost Management webinars and training: Azure provides various webinars and training resources to help organizations learn more about Azure cost management and optimization. These resources include online courses, in-person training sessions, and virtual events.

Azure Cost Management Community: The Azure Cost Management community is a forum for Azure users to share best practices, ask questions, and connect with other users and experts. The community is a valuable resource for organizations seeking guidance and support on optimizing their Azure costs.
Azure Cost Management support: Azure provides a range of support options for organizations looking for help with Azure cost management. These options include online, phone, and support from Azure partners and third-party vendors.

By leveraging these resources and strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

SLIM 360: The Only Tool You Need to Control Licensing Costs

Posted on March 14, 2023August 15, 2024 by Hailey Austin

Harness the Data You Need to Optimize Your Software Licensing

MetrixData 360 and SLIM 360, as software licensing management tools, provide the data you need to optimize your software licensing, reduce costs, and ensure compliance. With comprehensive and customized reporting, you can gain visibility into utilizing all your software assets and make informed decisions about the software you acquire.

The software industry is making incredible strides at all ends of the spectrum, bringing new challenges that organizations, large and small, must act on to remain competitive. One of the most critical areas executives must monitor license compliance. Ensuring your organization complies with thousands of software titles can become a nightmare. However, there’s finally a solution to this problem: SLIM 360.

Unlock Powerful Insights

MetrixData 360 and SLIM 360 software tools offer potent insights into utilizing your assets, helping you make informed decisions about software acquisition and usage. A comprehensive dashboard and detailed reporting allow you to monitor usage, track compliance easily, and identify cost-reduction opportunities.

Reduce Your Software Costs

With our software procurement solution, you can quickly reduce your software costs by taking advantage of volume discounts and other cost-saving measures. Our software procurement solution makes it easy to stay on top of your software costs and ensures that you always get the best deals on software licenses.

Say Goodbye to Manual Software Tracking

Manually tracking software licenses and costs is a time-consuming process that can be difficult to keep up with. With our software procurement solution, you can easily keep track of your software licenses, costs, and contracts in one place. You’ll have access to real-time data on your software usage and can make informed decisions about your IT procurement strategy.

Simplify Your Procurement Process

Our software procurement solution simplifies the procurement process by automating the process of purchasing software licenses. Our intuitive interface makes tracking your software licenses and costs easy and ensures you have the proper licenses for your organization. With our software procurement solution, you can rest assured that you’re always up-to-date with your software licensing agreement and costs.

Optimize Your Software Licenses

Software licenses can be complicated and expensive. Mike Austin, an experienced director who knows the challenges of managing software licenses and costs, decided there was a need for a software licensing management tool that users needed to provide the data needed to optimize their software licensing agreement and reduce cost.

With Mike Austin’s help, you can ensure you get the most out of your licenses. Mike will review your current licenses, identify opportunities for savings, and help you get the best deals for your next software purchase.

It’s no news that there are many ways to save money on your software licensing. But how do you know which one will be best for you? Are they worth the investment? What if you invest, but it never pays off? These are all questions that software buyers may have in mind, and SLIM 360 aims to provide insight into the answers.

Get a Health Check Today!

Want to understand your software costs? The ability to document past decisions, current status, and future projections means that you’ll have a much more effective discussion with your team members to look at your options and make an informed decision.

So, book a call here: Office 365 Savings Blueprint Meeting

The 7 Best Software Asset Management Tools of 2023

Posted on February 14, 2023July 2, 2024 by Hailey Austin

As technology continues to evolve, it has become increasingly important for businesses to have the proper tools on hand to manage their software inventory. Software asset management (SAM) tools are designed to help companies keep track of licenses and usage, as well as other critical information related to software assets. From advanced security measures to automated systems that can improve communication between teams and stakeholders, novel tools offer an unprecedented level of efficiency and reliability that significantly increase a company’s overall productivity.

With powerful SAM tools in play, organizations will be better equipped than ever before to take full advantage of their investments in technology. In this blog, we’ll be taking a closer look at the seven best free IT asset management software or SAM tools of 2023 that are revolutionizing the way businesses stay organized.

Software Asset Management (SAM) Tools Explained

SAM (Software Asset Management) tools are invaluable in an IT setting, as they help businesses to better monitor and manage their software assets. They provide a range of features that can be customized to fit any need and help to save time, money, and resources. SAM tools allow for account monitoring and management, license compliance checking, usage reports, inventory tracking, software installation tracking, asset reporting, and more.

The Benefits of SAM Tools

Software Asset Management (SAM) tools offer tremendous benefits for any organization wishing to maximize their investments and ensure their long-term success. SAM tools allow for cost optimization by providing visibility into the total cost of ownership for a piece of software, so organizations can make smarter choices about which software products to acquire. They also enable seamless license management, giving organizations control over licensing for multiple products in one place.

Additionally, SAM tools improve life cycle management, providing metrics around renewal and usage costs that empower organizations to reduce risk during the software purchase decision-making process. Finally, SAM tools streamline risk mitigation by ensuring that the software installed within an environment is done so legally and securely, making it easier than ever before to worry less about any potential non-compliance issues.

Today’s 7 Best Tools for SAM

For businesses of any size, the right Software and IT asset management software can be a game-changer. Here we explore seven industry-leading solutions, both cloud, and on-premise systems, to help you find the best fit for your needs.

1. AWS License Manager

One of the best asset-tracking apps, AWS License Manager, is a cloud-based solution from Amazon Web Services (AWS) that allows businesses to easily manage their license compliance and usage across multiple cloud environments and accounts. This tool allows users to track licenses from multiple vendors, as well as check for violations and enforce policies. It also features advanced reporting capabilities that provide insights into license consumption, usage trends, and cost optimization opportunities.

2. Microsoft Volume Licensing

Microsoft’s Volume Licensing program enables businesses to purchase large volumes of licenses at discounted prices with flexible payment terms and access to special benefits such as extended support and upgrade rights. This tool is ideal for companies who need to quickly deploy large amounts of Microsoft software across multiple devices or accounts.

3. ServiceNow Software Asset Management

ServiceNow offers a comprehensive set of software asset management tools designed to help organizations get the most out of their IT investments by optimizing license spend and minimizing the risk associated with non-compliance issues. This platform features automated workflows, powerful analytics dashboards, detailed reports on utilization trends, built-in security controls, and more – all designed to improve visibility into your IT environment while driving cost savings.

4. FlexNet Manager

FlexNet Manager is a comprehensive suite of digital asset management solutions specifically for medium and large enterprises that need a powerful but easy-to-use system that can handle complex licensing requirements across multiple vendor products and locations around the world. The platform offers integrated automation capabilities, enhanced control over license utilization data, cost savings opportunities through policy enforcement, and more to keep your organization compliant while helping you maximize ROI on IT investments over time.

5. Zluri

Zluri is an AI-driven software asset management platform that helps organizations optimize their budgets by predicting future license needs based on historical usage patterns as well as current industry trends in pricing. This enables users to make smarter decisions about how they spend money when it comes to software procurement. Additionally, Zluri offers detailed analytics dashboards that provide real-time insight into your IT environment so you can make informed decisions about where best to apply budget dollars going forward without sacrificing quality or compliance standards in the process.

6. USU Software Asset Management

USU Software Asset Management (USU SAM) is an enterprise-grade solution mainly for global organizations that need advanced asset tracking capabilities tailored to meet their specific industry requirements while still offering robust automation options in order to ensure accurate compliance with internal policies as well as external regulations like GDPR or HIPAA. USU SAM leverages big data analytics along with predictive models powered by AI/ML algorithms in order to help you get the most out of your IT investments while keeping costs under control.

7. SLIM 360

The cost of over-licensing personnel can cost organizations millions of dollars every month in lost revenue. For this reason, SLIM 360 is built to evaluate your utilization of the accessible licensing levels and illustrate any areas where your staff members are over-licensed and how much it is probably going to cost you.

SLIM360 organizes your licensing in a form that is both simple to grasp and thorough, creating a condensed and contemporary method for managing software assets. This method makes licensing rationalization more approachable so that you may plan your software budget wisely. You can quickly, affordably restructure your licensing by seeing how many issued licenses are truly being utilized using SLIM 360.

Conclusion

With so many different software asset management solutions, such as Zoho asset management, available today, it can be difficult knowing which one will work best for your organization’s particular needs. By examining the advantages of each option outlined above, it should become easier to narrow down those choices until you find the one that fits perfectly within your infrastructure budget. Take some time researching each one carefully before making any decisions, as it could save you from costly mistakes down the road. That being said, there’s no denying that the right SAM tool can help simplify managing your digital assets no matter what size of business you’re running.

Finding the right software asset management tools can be a hassle. In order to ensure that you have the right data and insights at the tip of your fingers, Metrix360 offers SLIM360, allowing you to streamline all the necessary information for your software assets. So contact us today or visit our website for more details.