it cost control
COSVCON tracks the changes in Cost versus Contribution of the assets in an IT estate, providing concise, current information which allows Total Cost of Ownership (TCO) to be managed and reduced throughout its lifecycle - from Selection to Retirement.
Every IT asset has a lifecycle which starts with Selection and ends with Retirement. Though there is no barrier to knowing its initial value and benefits, multiple factors combine to obscure these over time, resulting in unnecessary cost and lost opportunities. COSVCON enables an effective Asset Retirement Program (ARP) to be implemented, providing Asset, Financial and Risk Management.
COSVCON collates multiple asset data sources into a central database using custom software and a qualified physical presence to provide accurate control of an organisations asset register. COSVCON has full audit capability which informs decisions about IT asset management at multiple remote sites through to physical decommissioning, storage and redeployment, and recommends whether assets should be brokered, traded in, or environmentally disposed of.
COSVCON can be applied to an IT estate at any point in the lifecycle of its assets with an immediate positive effect. By ensuring that the residual value of each and the whole are calculated with current data, maximum financial return can be realised on assets which are not pulling their weight. New asset requirements can be factored into the solution and additional budget or refinancing scenarios projected. The earlier COSVCON is deployed the greater the potential for reduction of storage, power and maintenance costs.
COSVCON provides asset Retirement recommendations which can ensure full compliance with WEEE legislation and other EU directives through its parent, www.weeesystems.com. Projected financial returns from entrepreneurial e-waste transformation can be factored into the solution to provide windfall value from fully written down assets. Data security, often cited as a barrier to active recycling, can be provided to ensure seamless transition as individual assets are retired and their data expunged. COSVCON ensures full compliance with the Data Protection Act.
the need for cosvcon
If you are responsible for the Cost and Contribution of your organisation’s IT estate, COSVCON enables you to answer ‘Yes’ to these questions, down to individual asset level, and so provide an ‘at a glance’ consolidated view of its Total Cost of Ownership:
- Do I have the information to know the most cost effective moment to remove or replace individual IT assets?
- Do I have the information to link asset procurement and retirement strategies to reduce TCO?
- Do I have the information to proactively change support and service contracts in response to business need?
- Do I have the information to proactively remove contract duplications?
- Do I have the information to demonstrate a proactive asset lifecycle management strategy which ensures IT spend is aligned with business need cost effectively?
Answers to these questions may once have been the province of CIO or CFO but the prevailing economic climate demands a cross business view, with both disciplines collaborating with others - using common information and insight, for the common good.
COSVCON demystifies the Cost and Contribution of the IT estate, down to individual asset level. If you want to find out how to enjoy this level of collaboration, contact us.
