"Murphy Oil Gains 32x ROI and Reaps Huge Savings within the First 2 years"
Murphy Exploration & Production (E&P) has five global offices in addition to its retail division, which includes more than 1,300 gas stations. When the company merged two of its large business units, including domestic and international interests, the IT department was tasked with consolidating technology assets and developing strategic goals to streamline business processes and reduce costs.
Read on to see how the company garnered a savings of $1.3 million with an initial investment of only $43K in the first year, by using Open iT LicenseAnalyzer.
Most IT departments struggle with servicing the needs of the organization while staying within budget. Often IT is viewed as a cost center, rather than a strategic resource. The reorganization, which merged several domestic and international business units, created new challenges for IT including:
To achieve these new initiatives, a director-level position was created to support the Houston-based Upstream Exploration business unit. Jason Daigle was selected to oversee the entire Geoscience exploration application portfolio, which was comprised of more than 250 individual applications and data subscriptions totaling $6 million in annual maintenance and support.
As the newly-appointed director of this initiative, Daigle established a single-point-of-contact (SPOC) process to improve communications between software vendors and Murphy E&P internal contacts. There was still a need for internal stakeholders to understand and manage all software procurement, evaluation, implementation and harvesting of licenses.
Forrester has named Open iT among notable vendors in Software Asset Management (SAM), according to its recent report, The Software Asset Management Solutions Landscape, Q3 2023. We believe this recognition stands as a significant milestone for Open iT and underscores the growing importance of SAM solutions in today’s organizational landscape. The increasing adoption of SAM
Most of our customers are in industries that make extensive use of engineering and specialty software, where the management of software licenses and entitlements cannot be left to chance and need to be closely monitored. As a result, most of their software asset management (SAM) policies, processes, and support are well managed and mature. This
The Architecture, Engineering, and Construction (AEC) industry, traditionally perceived as slow to adopt new technologies, is at the cusp of a digital revolution. 2024 will see a substantial surge in software spending by AEC firms. However, to truly unlock the value of these investments, AEC must also turn to software license management to effectively manage
