Don't Let the Cost of Oracle Cost You

We know that organizations require various software licenses to operate proficiently in today's unique IT landscape. However, we also understand that this landscape can be complex and economically uncertain. Therefore, organizations must be hyper-focused on developing a cost-reduction strategy and a plan to minimize exposure to compliance risk regarding software licensing.?

In this edition of The SoftwareOne Scoop, we will discuss the challenges many customers face when it comes to Oracle licensing specifically, how timing can be everything when it comes to cost, and finally, the benefits of having a team of experts by your side to help you with all the above.?

The Challenges

The Oracle end of the fiscal year is quickly approaching – and there are two topics that you should be discussing: reducing licensing costs and minimizing compliance risk.

The complexity of Oracle's licensing policies can make it challenging to understand and navigate, leading to overspending on unused licenses or non-compliance penalties. Without a solid plan in place, you're not only at risk but are losing out on the financial and operational benefits that come from being prepared.?

The Solution

When we think of Oracle investments, we think of a puzzle that needs to be assembled in the most efficient way. Before you dump the pieces onto the table, you want to think of how you will put them together. Will you start by connecting the outside pieces first? Or maybe it's a better idea to focus on completing it in sections.?

Either way, what matters is that you have a plan in place to complete the puzzle effectively and in your desired time frame. And the same applies to your Oracle licensing. You must define the best strategy for your organization that will align with your business needs and set you up for success.?

From one puzzle maker to another, here's our suggestion for the most optimal plan:?

1. Assess your existing licensing and evaluate compliance risks?

2. Evaluate for redundancy to cut down on costs?

3. Prepare for negotiations, or alternatively, bring in a partner to prep and negotiate on your behalf?

A Team Dedicated to Your Success

We’ve talked about the challenges many customers face and the importance of having a plan to remediate. Now let's take a look at these elements in real-time, to see the savings that can be obtained by having the right team in place to help.

When a large financial institution lacked the experience to successfully negotiate licensing and support costs regarding their Oracle environment, they trusted in SoftwareOne to help develop a strategy and execute a plan.?

In deciding to work with our experts, the organization saved $2 million USD in annual support costs and got ahead of a significant compliance issue that could have cost the customer millions more in compliance fines.?

SoftwareOne’s detailed assessment and advisory team negotiated with Oracle directly to minimize annual support costs, eliminate compliance risks, and continuously advise on cost-saving measures.

And that’s the scoop! We’d love to hear from you. What did you like? What do you want to see more of? Leave us a comment below ?? so we can make sure we’re serving up the best content for you. And don't forget to subscribe ?? so you don’t miss our next edition!?