Reducing IT Costs
The Overview
A financial services client had a company-wide base of 25,000 assets, of which 4,000 were leased. Due to impending lease expirations, the client needed to either locate and return the leased assets, or pay a premium to buy them out. The problem, however, was that they had no idea where within the various data centers the leased assets were located.
The Results
Using Asset Point to conduct a full inventory our client was able to compare serial numbers to lease contracts, allowing them to locate all of the leased equipment. Armed with this information, the client was able to negotiate a lease buyout at a favorable rate; the estimated savings were over $500,000.