The Open iT ROI Calculator is an intuitive tool that quantifies potential savings for organizations considering investment in Open iT’s comprehensive software license management solutions.
Simple and user-friendly, it analyzes your engineering software expenses and highlights the financial benefits of optimizing license usage. By combining user inputs with industry benchmarks, it delivers actionable insights tailored to software-intensive industries.
Technical Overview: How the ROI Calculator Works
The Open iT ROI Calculator operates on a streamlined yet robust framework, incorporating critical organizational data and proprietary insights. Users input foundational parameters such as:
Industry Type: Contextualizing results based on sector-specific software usage patterns.
Annual Revenue: Scaling results relative to organizational size and operational scope.
Number of Users: Quantifying the scale of license usage based on the organization’s active users.
Total License Costs: Providing a baseline for evaluating financial impact.
Who Benefits?
The Open iT ROI Calculator delivers critical value to negotiation teams and IT departments responsible for managing advanced licenses for engineering applications such as CAD, GIS, BIM, and simulation software from leading vendors, including Autodesk, Siemens, Bentley, and Dassault Systèmes, as well as other specialized engineering tools.
This tool is specifically designed to benefit:
Finance/Procurement Teams: Leverage data-driven insights to validate license investments, enhance budget forecasting accuracy, and identify ideal terms with software vendors.
Decision-Makers: Gain access to metrics and advanced analytics that inform strategic decisions. By combining user-provided data with industry benchmarks, the ROI Calculator generates a tailored assessment of software expenditures and quantifies the financial impact of optimized license utilization.
Detailed ROI Reports for Informed Decision-Making
A key feature of the Open iT ROI Calculator is its ability to generate a tailored ROI report, delivered directly to your email. These inputs are analyzed along and compared against Open iT’s database of anonymized customer data and industry IT spend averages to produce a data-driven cost and savings analysis.
Total Software Costs: A projected total costs of your current expenditures over the next three years.
Reduced Costs: Estimations of software expense reductions achieved through the implementation of Open iT’s license optimization solutions.
Potential Savings: Quantified estimates of cost reductions achievable through optimization
Each insight is supported by detailed calculations, making the ROI report an invaluable resource for stakeholders involved in software procurement, IT operations, and financial planning. It equips organizations with the technical evidence necessary to optimize license portfolios, reduce costs, and align expenditures with strategic objectives.
Business Impact: Key Outcomes
By leveraging the Open iT ROI Calculator, organizations gain the ability to:
Minimize Software Expenditures
- Identify and eliminate underutilized or redundant licenses.
- Consolidate overlapping software tools to streamline costs.
- Strengthen negotiation leverage with software vendors using data-backed insights.
Prevent Unexpected Expenses and Mitigate Risks
- Proactively address compliance risks and avoid penalties from audits.
- Eliminate unforeseen costs tied to software mismanagement.
Achieve Budget Predictability
- Develop more accurate budget forecasts through insights into usage patterns and spending trends.
Open iT Real World Impact
- Mitta Oy: A Europe-based civil engineering consultancy improved its license visibility and reduced Autodesk license costs by 50%.
- Murphy Oil: A global oil exploration company achieved nearly $1.4 million in savings within two years by consolidating its geoscience exploration portfolio.
Let their success be the template to yours.
Discover how much your organization can save with data-driven optimization. Try the Open iT ROI Calculator today and take the first step toward maximizing your software license investments.
For questions and concerns, get in touch with an Open iT Representative now.
