ITEM SURVEY SAYS MANAGED SOLUTIONS ARE SUPERIOR TO IN-HOUSE PROGRAMS – HERE’S WHY
When it comes to managing IT expenses a do-it-yourself approach isn’t the wisest strategy, according to a new study of 500 IT and finance leaders. Research from Vanson Bourne reveals why managed ITEM solutions deliver more value.
A fully managed ITEM solution is about five times less expensive than taking a hybrid approach, which combines an in-house program with a managed solution.
The Cost Difference Explained
Automation drives efficiency
Lower overhead expenses
Higher savings offset service costs
$10M+
In IT Cost Savings
Organizations using managed ITEM solutions to reduce their cloud, mobile, and telecom spending realize an annual savings of $10.5M on average.
Common Sources of Savings
Accurate inventories reveal more savings
Efficient service utilization reduces spending
Audits pinpoint overspending and take action
Faster Results
88%
Get Insights and Savings Faster
Those using a managed ITEM solution realize business insights and cost savings sooner.
Sample of Business Insights
Visibility into assets, all-in costs, and spending trends
Ways to remove waste and improve service utilization
Billing errors, overcharges, and credits due
1 Month
Average Time-to-Value
While 81% of managed ITEM solutions deliver results within the first month, only 66% of in-house programs do the same.
How Providers Accelerate Results
Integration facilitates data visibility
AI speeds analysis and recommendations
Services act on savings opportunities
Advanced FinOps Capabilities
94%
More Mature FinOps Programs
Those using a managed ITEM solution also have a more mature FinOps program.
Hallmarks of FinOps Maturity
Dedicated FinOps practice
Fully deployed FinOps program
Progression through 3 FinOps phases
28%
Lower Spending on Cloud
When FinOps programs are in place, companies spend 20% less on cloud infrastructure and 28% less on cloud software.
Sources of Cloud Savings
SaaS: Reducing redundant apps
SaaS: Reallocating unused licenses
IaaS: Using discounts and service pausing
IaaS: Recapturing unused instances
The Tangoe One Difference
83%
of Tangoe’s Clients See Results in 1 Month
Faster Results at a Lower Cost: The True Value of an IT Expense Management Solution
