End Enterprise IT Product Sprawl | RedMonocole™: A Unique Software Portfolio Management Solution

HERNDON, Va., Jan. 09, 2019 /PRNewswire-PRWeb/ -- The RedMonocle™ enterprise SaaS platform provides a unique Public Cloud solution that enables companies to effectively manage IT software product sprawl. Typically, RedMonocle clients have +100 software tools in their portfolio and expend more than $10 million in IT budget to deploy these products.

Real-time Software Deployment Analytics
The manual assessment and inventory of software products can require weeks or months for IT teams to complete. Information is often compiled on an ad hoc basis and recorded within disjointed spreadsheets or static documents. RedMonocle provides a constantly updated knowledge base of software product characteristics. This solution also delivers a KPI-based analytics dashboard to visualize metrics such as tool deployment scope, usage profile, cost, and product versions.

Comprehensive Software Product Catalogue
RedMoncole's catalog of software products dynamically tracks the offerings from +200 software vendors and provides technical information for more than 1000 products. This information includes vendor-supplied specifications and drills down into the function and sub-function layers. A normalized taxonomy of software product capabilities is derived through a combination of market, customer, and SME-based information sources.

Software Product Comparison Dashboards
The RedMonocle solution provides comprehensive KPIs that are calculated through the comparison of more than normalized 3000 software functions. Data regarding internally developed applications can be blended in to produce an analytics dashboard view of portfolio efficiency, cost-effectiveness, function coverage, and software capabilities overlap. Product deployment comparisons can be visualized in real time through the pre-configured RedMonocole analytics dashboard.

Product Portfolio Adjustment Recommendations
One of RedMoncole's unique analytics functions provides IT team leaders with the information necessary to determine which software products are at potential risk due to out-of-date versions. These analytics capabilities include real-time information analysis and business intelligence-driven recommendations for the adjustment of software portfolios.

Up to 15% Savings in Software Budget Expenditures
As related by RedMoncole's Founder and CEO, Sean McDermott, "The proliferation of integrated software platforms has resulted in an endemic overlap of software functions. Our solution provides a direct path to IT budget savings by enabling a granular view of each tool's functional usage profile. Redundancies can then be managed at the product deployment and licensing layers."

To learn more about RedMonocle, we invite you to view our solution description video: RedMonocle Video.

For More Information
Company URL: http://www.RedMonocle.com
LinkedIn: https://www.linkedin.com/company/redmonocle

SOURCE RedMonocle

Related Links

https://www.redmonocle.com/