The Ultimate Guide to Cost Reduction with ServiceNow SAM

The Ultimate Guide to Cost Reduction with ServiceNow SAM  

Did you know businesses waste an average of 30% on unused software licenses? Hidden costs like these can eat away at your IT budget. ServiceNow Software Asset Management (SAM) helps you gain complete control of your software assets, optimize licenses, streamline procurement, and slash unnecessary expenses. In today's complex IT landscape, businesses are constantly challenged to optimize their operations and reduce costs while maintaining efficiency and productivity. One area where organizations often overlook potential savings is in managing their software assets effectively.   

 

Software Asset Management (SAM) controls software costs, mitigates risks, and ensures compliance. ServiceNow, a leading provider of cloud-based platform solutions, offers a robust SAM solution that empowers businesses to streamline their software management processes and drive cost-reduction initiatives.  

 

Understanding ServiceNow SAM 

Take control of your software assets with ServiceNow Software Asset Management (SAM). This comprehensive solution delivers complete visibility and control, empowering you to optimize software usage, slash licensing costs, and minimize compliance risks. ServiceNow SAM automates workflows, centralizes asset data, and enforces compliance policies, streamlining software management from start to finish.  

 

Cost Reduction Strategies Enabled by ServiceNow SAM 

Unlock significant cost savings with ServiceNow SAM through a comprehensive suite of strategies that optimize your software asset management, are as follows:  

 

1. Inventory Optimization: ServiceNow Software Asset Management enables organizations to maintain an accurate inventory of software assets, including details such as usage, entitlements, and license agreements. By eliminating redundancies and identifying underutilized licenses, businesses can optimize their software inventory and avoid unnecessary purchases, leading to significant cost savings.  

  

2. License Compliance Management: Non-compliance with software licensing agreements can result in costly penalties and legal liabilities. ServiceNow Software Asset Management helps organizations proactively manage license compliance by providing real-time visibility into license usage and ensuring adherence to contractual obligations. Businesses can minimize the risk of compliance violations and associated expenses by tracking usage patterns and automating license reconciliation processes.  

  

3. Vendor Management and Negotiation: ServiceNow SAM equips organizations with actionable insights into vendor relationships and software procurement activities. By consolidating vendor contracts, standardizing procurement processes, and leveraging data-driven analytics, businesses can negotiate more favorable terms and discounts, driving down overall software acquisition costs.  

 

Read on: ServiceNow Software Asset Management: A Guide to Cost Reduction 

4. Optimized Software Usage: ServiceNow Software Asset Management enables businesses to monitor and analyze software usage patterns across the organization. Organizations can optimize software usage and reduce unnecessary expenditures on licenses and maintenance fees by identifying over-licensed applications and promoting user adoption of cost-effective alternatives.  

  

5. Risk Mitigation and Security Enhancement: Effective Software Asset Management practices are essential for mitigating security risks associated with unauthorized software usage and outdated applications. ServiceNow SAM helps organizations identify security vulnerabilities, enforce software patching policies, and ensure compliance with security standards and regulations. By enhancing security posture and minimizing the risk of data breaches, businesses can avoid costly remediation efforts and safeguard their reputation.  

  

6. Streamlined Procurement and Deployment Processes: ServiceNow SAM streamlines the procurement and deployment of software assets by automating request workflows, standardizing approval processes, and facilitating end-user self-service capabilities. By reducing manual intervention and optimizing resource utilization, businesses can accelerate time-to-value and minimize administrative overheads associated with software provisioning.  

  

Davies Cuts Costs with ServiceNow SAM

A professional services firm, Davies faced software management challenges due to rapid growth. ServiceNow SAM helped them potentially cut costs by:  

Optimizing license management to identify underutilized licenses and negotiate better deals.  

Improving procurement efficiency with streamlined processes and data-driven decisions.  

  

Conclusion  

ServiceNow SAM helps organizations efficiently manage software assets and save money. By leveraging automation, data-driven insights, and robust compliance features, businesses can streamline software usage, minimize license waste, and ensure adherence to regulations.   

ServiceNow Software Asset Management stands out as a strategic imperative for maximizing software investments as the digital landscape evolves and software ecosystems become more intricate. However, navigating the full potential of ServiceNow SAM requires expertise.   

inMorphis empowers you to unlock the platform's actual value. inMorphis offers comprehensive implementation, training, and ongoing support services to ensure a seamless ServiceNow SAM experience and help you achieve optimal cost reduction and software management efficiency. Contact us today to learn how to harness ServiceNow SAM's power and transform your software asset management strategy.