Evli Bank chooses Efecte license management solution
June 12, 2006
Evli Bank Plc, the biggest privately held partnership-based investment bank in Finland, has chosen an Efecte solution for the centralized management of its IT environment.
The solution enables Evli Bank to comprehensively manage all of its license assets and IT environment related data.
The primary objective of the project was to find a solution for effective license management while at the same time centralizing IT asset management within a single system.
“We operate in a multi-vendor environment, in which the management of information obtained from different suppliers is an essential factor. Our goal was to attain a general picture of both our license assets and the status of all IT assets and thus to be able to reduce risks and manage costs more effectively,” says Evli Bank Information Management Controller Risto Sundquist.
“We examined several alternatives at the purchasing stage, from which we eventually chose the Efecte solution, because it proved highly versatile in terms of functionality and reporting properties. The company also had an impressive list of reference customers, which offered further support for choosing the solution,” Sundquist says.
Efecte Software Asset Management links real-time installation data gathered from Evli Bank’s workstations with the organization’s licensing agreement, personnel, and cost center data. “The solution has significantly improved our license management, which has, in turn, enabled more effective utilization of licensing agreements and brought us cost savings quickly. Also, from the point of view of management of legal risk, it is extremely important that we have continuous access to real-time data concerning our license assets. On the whole, the foreseeability of our operations has improved, and our information management is now able to support our business even more comprehensively,” says Sundquist.
The commissioning project was carried out in spring 2006, when the solution was also integrated with other Evli Bank systems.
Evli Bank Plc is Finland’s largest privately held partnership-based investment bank. Among its clients are Finnish and international companies and other institutions, as well as wealthy private individuals. The company’s professionals serve clients in international groups in three business units: Asset Management, Markets, and Corporate Finance. Evli’s mission is to produce value for its clients through its competence. Evli operates in Finland, Sweden, the Baltic countries, Luxembourg, and Poland as well as in North America through its joint venture Nordic Partners Inc. See www.evlipankki.fi for further information.
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