Companies can significantly reduce IT costs by optimising their Cloud software spend.
By utilising Costimised’s software cost optimisation approach a company spending £60,000 annually on cloud software will typically be able to save £18,000 annually, with a 3 x ROI on its investment with Costimised.
SaaS enables anyone with a credit card or some spending authority to buy software
Software with the same functionality gets purchased by different groups at different times
More licences get purchased than are needed
Advanced functionality is purchased but isn’t used
Redundant software isn’t retired, subscriptions just auto-renew
Cloud services get set up without any governance, are over-specified, and get forgotten about when no longer needed
The amount of money involved in surplus licences or subscriptions can be significant – 30% of software spend is the generally accepted figure (e.g., Flexera).
A recent HashiCorp-Forrester report identified that 94% of organisations are overspending on Cloud services.
There are also security and compliance risks - users of apps may not follow password policies, personal data gets processed in breach of GDPR, and personal data or corporate IP gets stored insecurely.
Costimised can analyse your software spend quickly and cost-effectively and show you how to cut your IT costs. Contact us today at enquiries@costimised.com or fill in the form below and we will be in touch.