Tiberone has an in-depth understanding of End-to-end vendor and asset lifecycle management, which can provide up to 20% cost savings. A typical IT organization spends upwards of 50 percent of its budget with vendors, yet most organizations don’t have mature processes and systems to manage this large, strategic area of investment.

In fact, many are leaking money in the form of poor spending governance, redundant vendors and services, overpayments, late fees, underutilized assets, and poor service. Leading analysts estimate that IT could save 5 to 10 percent of vendor spend merely by improving invoice verification.

Tiberone are consistently helping progressive IT organizations to establish Vendor Management Offices (VMOs) to drive cost and process improvements.

At the same time IT is struggling to gain visibility and control over asset cost, compliance and operational impact, environments are in constant flux. Virtualization, turnover, mobility, acquisitions, and frequent changes conspire to drive up asset and support costs by 30% or more, while impacting service quality.

Stand-alone asset management approaches fall short because they poorly integrate operational processes — incident, problem, change and service desk — required to deliver operational context and accuracy.

Tiberone can help you to combine top-down strategic vendor management and bottoms-up asset configuration management in a single BMC solution:

• Manage all vendors with end-to-end lifecycle governance, performance scorecards and financial and portfolio management.

• Manage software licenses with entitlement tracking, discovery and usage, normalization, and compliance reporting

• Manage contracts across the full vendor portfolio, including assets, service providers, and outsourcer relationships

• Manage procurement & retirement workflows

• Manage procurement & retirement workflows

• Maintain detailed asset inventory and configuration data

• Control risk, improve vendor performance, and reduce costs by 20% or more with unmatched integration across strategic vendor management, asset management, and service support workflows - built on common asset data in the market-leading BMC Atrium CMDB

For more information regarding Vendor and Asset Management, please contact us.