Reduce IBM license cost and risk in financial service institutions
Optimise your software estate to take control of your IBM license position
IBM has grown to have one of the largest portfolios of software products in the market. This has, in turn, evolved to be arguably the most complex of licensing regimes in the technology industry.
IBM also has a reputation as one of the most active software auditors around, audits which very frequently lead to unexpected costs in the millions.
IBM and the financial services industry
The financial services industry is one of IBM’s key target sectors – IBM’s Security, WebSphere, Spectrum, Infosphere and Cognos products are found in wide use across the sector.
As one of the largest revenue sources for IBM software, financial services establishments are therefore prime targets for IBM audits.
Banks and financial institutions, therefore, are not only faced with the challenge of understanding IBM’s complex licensing landscape but also retaining individuals that have the right level of IBM license knowledge.
This is a dual challenge that directly impacts both compliance risk and operational costs.
- loss of key expertise can leave firms vulnerable to costly audit findings and or over-provisioning
- replacement hiring is both expensive and time-consuming
“Without IBM license experts, many financial institutions find themselves potentially exposed in the event of an audit and unable to avoid massive waste through unintentional mismanagement of IBM software licenses. This can also lead to regulatory repercussions not only for the institution but for the individuals responsible for overseeing compliance.”
Kevin Barnes, IBM License Consultant, Version 1
IBM license optimisation and management services
Our IBM license consultants have deep license and sector experience and can help you reduce IBM license cost and risk with our range of IBM license services. They can help with any aspect of your IBM licensing needs, including:
- Utilisation of your IBM software assets
- ILMT management
- IBM license audits
- IBM procurement or contract renewal
If your organisation is concerned about any of the above, you can draw on our two decades of financial service sector experience to reduce IBM license cost and risk.
IBM audit defence client example
By adopting our tried and tested software audit approach, our client avoided a €multi-million financial exposure through legitimate remediation resulting in a massive ROI.
The total cost of the consultancy provided by Version 1 equated to 0.23% of the total cost avoided by the client.
IBM licensing video blog series
Stay informed on the latest IBM licensing trends and best practices in IBM license optimisation in our series of 4 short video chats.
Listen to our IBM license experts and empower your organisation with the knowledge needed to make informed decisions regarding IBM licensing and reduce IBM license cost and risk.
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Talk to us
Contact us to take part in a complimentary IBM license optimisation workshop to uncover IBM license cost reduction and optimisation opportunities and reduce the risk of an IBM license audit.