Veriam: Measured Spend Reduction

Measured Spend Reduction (Thru Value-Focused IT Asset Management)
CxOs!  Don’t give up on ROI!

In today’s competitive environment, nearly all IT departments are under pressure to lower spend.  Interestingly, many CxOs no longer expect IT Asset Management to assist, measurably, in lowering spend – especially over the long term.  Most struggle with understanding the value created, resulting in a constant questioning of the cost of pursuing ITAM.  Those who haven’t begun the pursuit, or who have had one or more false starts in the past, have a hard time finding the budget to fund an ITAM program, since ITAM continues to be viewed, for the most part, as a cost with no apparent return.

Veriam’s value-focused approach to IT asset management allows executives to once again include ROI as a success criterion for their ITAM program.  Our unique ITAM Value Analysis will help your organization concentrate on those areas of ITAM where the most value can be derived.  We will examine each key asset management area and mathematically measure the potential benefit from that area, along with appropriate risk adjustments.  Once each ITAM area is evaluated, a clear, defensible ranking of the value areas is created, such as is shown in the figure below:

IT Asset Management ROI Chart

The value-focused approach to ITAM focuses an organization on those areas that should be aggressively pursued first, rather than diluting resources by pursuing functions that have little chance of positively benefiting the organization.

Our position is simple – An ITAM vendor should be able to identify and defend the specific ROI that you can expect from your ITAM program.

Once the primary value statements are identified, Veriam's ITAM program is designed to capture and maintain the data required to achieve the projected ROI.  Again, by focusing the program on those assets and data elements required to return the targeted value, the entire organization benefits by not wasting time, effort and money on maintaining excessive data.  And, the data can be maintained with unprecedented accuracy enabling you to deliver on the value points.

Another benefit of a value-focused ITAM approach is that it inherently provides tangible success metrics during run-state.  At Veriam, we measure our client’s ROI on a monthly basis against the Value Analysis results and we investigate deviations to determine their root cause.  Appropriate process improvements and tool adjustments are made on an ongoing basis to maximize each client’s ROI.

For a deeper understanding of our Value-Focused ITAM program, please see our whitepapers in the Resource Center. 

To determine what a Value-Focused ITAM program can do for you, contact us to discuss performing an ITAM Value Analysis for your organization.

Downloads & White Papers