Top 5 Metrics To Measure TCO For Intellectual Asset Management Software

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Knowing the cost of an Intellectual Asset Management Software over time can save you tens of thousands in the long haul.

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Top 5 Metrics To Measure TCO For Intellectual Asset Management Software

  1. 1. TOP 5 METRICS TO MEASURE TCO FOR IAM SOFTWARE FROM “SUPPORT” TO STRATEGIC”
  2. 2. Metric 1: Acquisition Includes capital expense for on-premise and operating expense for hosted Image courtesy of edmunds.com FROM “SUPPORT” TO STRATEGIC”
  3. 3. Metric 1: Acquisition Contributes 10-15% of overall cost of ownership Image courtesy of edmunds.com FROM “SUPPORT” TO STRATEGIC”
  4. 4. Metric 2: Implementation Making the System Work For Users Development Integration Testing Data Migration Training (Customization/ Configuration) Contributes 30-40% of overall cost of ownership Image courtesy of directoryaziende.com FROM “SUPPORT” TO STRATEGIC”
  5. 5. Metric 3: Operations Includes unproductive end-user time, troubleshooting, and system downtime Image courtesy of massthink.files.wordpress.com FROM “SUPPORT” TO STRATEGIC”
  6. 6. Metric 3: Operations Contributes 30-40% of overall cost of ownership Image courtesy of massthink.files.wordpress.com FROM “SUPPORT” TO STRATEGIC”
  7. 7. Metric 4: Maintenance Includes technical support, country law updates, patches, and upgrades Image courtesy of 1im.co.uk or my.aup.edu FROM “SUPPORT” TO STRATEGIC”
  8. 8. Metric 4: Maintenance Contributes 30-40% of overall cost of ownership Image courtesy of 1im.co.uk or my.aup.edu FROM “SUPPORT” TO STRATEGIC”
  9. 9. Metric 5: Replacement DATA DATA DATA Includes costs for transitioning to a new system Image courtesy of chicagomoving.com FROM “SUPPORT” TO STRATEGIC”
  10. 10. Metric 5: Replacement DATA DATA DATA Contributes 10-15% of overall cost of ownership Image courtesy of chicagomoving.com FROM “SUPPORT” TO STRATEGIC”
  11. 11. VISIT: www.lecorpio.com or CALL: (408) 850-7260 FROM “SUPPORT” TO STRATEGIC”
  12. 12. TRANSFORM YOUR LEGAL DEPARTMENT FROM “SUPPORT” TO STRATEGIC”

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