Our client, a leading UK Investment and Retail Financial Services firm, faced numerous challenges around vendor governance, policies and process alongside a wider remit to reduce overall spending on IT by 20-30%.
Over time our client had reduced operational management and resourcing of the software estate. Outsourcing strategies had led to a dilution of accountability for software asset management within the firm and across the key supplier base.
TORI was engaged to undertake a strategic high level review of the software asset management estate and supporting processes.
What we did
- TORI undertook a strategic high level review of the software asset management estate and supporting processes
- TORI applied the 80/20 rule to the review and conducted reviews of 6 strategically critical software vendors
- Obligations, entitlement, licensing and deployment knowledge was accumulated from multiple sources
- Capabilities inherent in the processes performed by the various functions were captured and assessed
- The strategic review was completed within budget and within the forecast time schedule
- Software compliance risks and the potential financial exposures were prioritised for attention
- Potential savings were identified
- A roadmap including a series of justified quick wins and longer term deliverables (within 1-2 years) was produced
- The client’s awareness of risks and pitfalls of the current situation increased significantly as a result of the audit