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Reduce IBM license cost and risk in financial service institutions

Optimise your software estate to take control of your IBM license position.

Gain visibility, control and confidence across your IBM software estate

 

 

 

 

IBM has one of the largest software portfolios in the market, creating what many consider to be one of the most complex licensing environments in the technology industry.

Combined with IBM’s reputation as one of the most active software auditors, organisations can face significant compliance challenges, with audit findings often costing them 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 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 negative reputational repercussions not only for the institution but for the individuals responsible for overseeing compliance.

Kevin Barnes, , IBM License Consultant, Version 1
IBM Audit

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 effective license position (ELP)

Our IBM ELP delivers clarity in your IBM license position, reducing cost, risk and complexity in your IBM License estate.

IBM license audit defence

Our IBM license consultants have unrivalled expertise in helping you prepare for an IBM audit. They can successfully support you through an IBM software license review, mitigating unbudgeted costs and risk.

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Managed services

Our SAM managed services give you control by delivering certainty on software license consumption and assurance on your business’s license compliance position. We are completely autonomous and not affiliated with any software vendor.

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IBM audit defence client example 

By adopting our tried and tested software audit approach, our client avoided a multi-million euro 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.

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IBM licensing video blog series 

Stay informed on the latest IBM licensing trends and software optimisation best practices through our series of four short video chats.

Watch our IBM licensing experts share practical insights to help your organisation make informed decisions, optimise software investments, and reduce licensing cost and risk.

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