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Save $ annually

Organizations of employees can potentially save $ per year by using an IT Asset Management solution like VIZOR. With examples supported by independent Gartner, Deloitte and Forrester statistics, this document details how the most popular features in VIZOR help organizations achieve such savings.

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Hardware audits per year

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IT Asset Management ROI Breakdown

Automate Manual Inventory Processes - Save $

Gartner states that 70% of organizations have a 30% discrepancy between planned inventory and actual inventory.This discrepancy highlights the unreliability of data collected by manual audits. In addition, such audits are a single snapshot of IT assets at the time the audit was performed. Automating this process using network discovery tools, such as VIZOR, improves data accuracy provides real-time updates and frees hundreds of IT hours, saving $ per year on data collection costs per year.

Example based on an assumption audits per year and 15 minutes required per asset to manually capture basic audit information such as manufacture, model, serial numbers, owner and location. Savings are calculated using an average IT Support Technician salary of $ and 1856 annual working hours.

Asset Request Portal - Save $

Organizations can save $ per year in staffing costs by automating the manual activity of processing employee asset requests. Employees or their managers can request assets such as a projector or new laptop using VIZOR's asset request portal. Requests pass through pre-defined provisioning and multi-level approval processes, minimizing workload while improving efficiently of request fulfilment.

IT spends an average of 20 minutes per asset request. This includes replying to emails, chasing approvals and coordinating provisioning actions. With an average of requests per employee per year, an organization of employees would process requests per year. Based on an average IT Support Technician salary of $ such an organization would save or relocate $ to other projects by utilising VIZOR's software request portal.

Notification of Hardware Warranty Expiry - Save $

The cost to repair a PC more than 4 years old exceeds the cost of purchasing a new device. In addition, an average employee loses 9 minutes a day or 45 minutes per week in productivity due to slow or faulty old hardware. VIZOR helps organizations plan hardware refreshes by tracking expected life and warranty expiry of each asset.

The example is based on Techaisle study indicating an average repair cost of $427 to $521 per PC for machines older than four years. For an organization of employees an assumption of 5% PC's deployed are 4 years or older, equating to PC's.

Automating Employee Onboarding - Save $

A Forrester study found that new employees wait an average of 3.5 days for all the resources required to start the tasks of their job. VIZOR's onboarding and role-based provisioning functionality ensures new employees have the IT hardware, software and privileges they need from day one. Assuming employees can work while waiting for their assets, employees will still lose about 30% productivity. For an organization of employees, VIZOR saves $ in lost employee productivity.

Calculation based on average US employee turnover and salary. Mercer states that the average employee turnover rate in the US is 22 percent. According to the Bureau of Labor Statistics (BLS), the median wage for workers in the United States during Q3 2018 was $857 per week.

References 1 - Gartner, "Life Cycle Management Underpins IT Asset Management". 2 - Techaisle white paper, “Small Business PC Refresh Study”. 3 - Glassdoor, “US IT Support Technician Salary”. 4 - Gartner “IT Budget”. 5 – Mercer, “North American Employee Turnover: Trends And Effects”. 6 - U.S. Bureau of Labor Statistics, “Usual Weekly Earnings Of Wage And Salary Workers Third Quarter 2018”. 7 - Forrester “Total Economic Impact™ Study