Current Challenges and Latviv Advantage
Current Challenges
- Lack of adequate tools to collect feedback from end users, especially when user count is high
- Low value contracts may not get attention and could be consistently over paid and under utilized
- Availability of staff to process this information
- Scheduling conflicts with internal stakeholders to drive timely consensus
- Elapsed auto renew checkpoint dates resulting in forced payment for useless or unusable solutions
Latviv Advantage
- Enables continuous feedback loop with end users
- Automatically tracks usage against licensing agreements and calls out discrepancies – under or overuse
- Notifies proactively against contract checkpoint and renewal dates
- Prioritizes contracts based on amount at risk
- Aggregates low value contracts into categories so that they collectively do add up to significant values
- Provides adequate evidence to renegotiate contact terms during renewals
Latviv Deliverables
- Deployed periodic surveys to selected end users with auto notifications
- Configured platform with mapping to all relevant contract characteristics – # licenses, renewal dates, usage terms
- Reports setup – usage, discrepancies, aggregate values, project risk status
- Realized value computation (productivity gain, risk mitigation, revenue boost, hard cost savings) against contract value