A token-based license is one of the types of software licenses under a pay-per-use model. It is categorized under network licenses and can be shared among a large number of users over a specific period. Customers purchase a pool of tokens to pay for the usage of a certain product. Token pools come in two
Building Software Optimization Success with Open iT License Usage Metering Solution
Chiyoda Philippines Corporation (CPh), is a wholly owned subsidiary of Chiyoda Corporation in Yokohama, Japan, one of the largest engineering and construction companies in the world. CPh is primarily engaged in engineering design serving the requirements of Chiyoda Corporation, which is presently undertaking engineering, procurement, construction and other related facilities development work for their customers in gas processing, petroleum refining, and other petrochemical products. With a wealth of experience in its area of expertise, CPh has become a competitive engineering service contractor responsible for the development of refineries and other related projects in the country.
The company gathered and integrated user license information across multiple departments for its annual IT Budget Plan. It had always been a challenge collecting such data because the majority of license cost was only based on the request of users and managers. Also, the huge manual effort involved in obtaining an accurate licensing position was error-prone and tedious. With an increasing number of licenses to manage, it had become a big challenge to reduce cost and eliminate idle applications wherever possible.
CPh realized that there was a growing need to produce reliable and accurate software usage reports with the use of a tool that would help the company:
- automate the process of obtaining an accurate licensing position;
- carefully analyze the usage of its software assets;
- purchase licenses based on actual need as evidenced by active software usage;
- find where to cut cost without compromising business productivity;
- track the software installed and used on individual workstations; and
- mitigate the risks associated with audits conducted by software vendors.
Cost Allocation and IT Chargeback
The most efficient way to create more accountability and awareness of how IT resources are used is to implement a chargeback system.
Software Usage Monitoring and Optimization
Learn how usage monitoring in an E&P IT environment can be beneficial for many stakeholders.
Rising Use of Subscription and Pay-per-Use Software Licensing Models
Have a meaningful software usage metrics and tools to evaluate and plan appropriately prior to making new licensing decisions.
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For over 30 years, Materialise has been leading the way for 3D printing solutions in the associated software necessary in the data preparation, build, design optimization, and control of 3D printers, as well as in manufacturing. Their software solutions — which include Materialise Magics, 3-matic, and Inspector — set the industry standards. Consequently, many users