Global Financial Services Company
Situation:
Background
This Financial Services business is one of the top in its industry, with 50 worldwide offices, 2,500 employees, and over $1 Billion in revenue. The company experienced growth over the past decade, increasing their Oracle footprint to meet the growing need. A change in executive management sparked a restructuring of the budget. Oracle licensing fees were identified as an item that needed major re-evaluation.
Solution Provided
Oracle License Management Services
Primary objective
Help the client contain current Oracle licensing expenditures and reduce future costs.
Solution Highlights
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Completed reconciliation of client’s license entitlements and deployments, identifying savings opportunities and areas with potential compliance exposure.
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Developed options to remediate/mitigate any long and short gaps in license coverage.
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Provided optimal Oracle licensing strategy
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Assisted with executing support renewals changes and cancellations.
Results
First Year Support Savings of $350,000 USD
Five Year Support Savings over $1,750,000 USD
Cost Avoidance of $4,000,000 USD
Comprehensive understanding of all Oracle assets and usage
Clear path to optimize Oracle software expenditure and mitigate any areas of potential risk