Software Rationalization and Optimization (SRO)

Optisave is a team of Healthcare IT Subject Matter Experts. One of our specialized services is helping clients rationalize and optimize their software applications. We do this by analyzing their current installed software base, identifying opportunities for aggregation or elimination which can - in addition to reducing cost - improve IT effectiveness and efficiency.
Key Software Rationalization Levers:
All opportunities for improved effectiveness and efficiency will be achieved through a combination of strategies, with varying degrees of effort and timing.
Consolidation: Move multiple instances of applications (same or different vendor) performing the same function to a single, horizontally-integrated platform.
Optimization: Lower costs of products, maintenance and/or support, improve terms and add flexibility to agreements.
Standardization: Limit the number of vendors and leverage volume.
Commoditization: Select interchangeable solutions, regularly re-examine market conditions and move to lower cost solutions.
Outsourcing: Shift to lower-cost providers on- or off-shore, reducing staffing and/or infrastructure requirements.
Discontinuation: Eliminate multiple products or services performing identical functions
SRO in Action:
For a major Southwest health care system, Optisave identified over $5 million in annual cost reductions:
- Performed key software vendor analysis
- Created an overlapping product matrix illustrating potential consolidation of 37 applications with 31 vendors
- Developed an implementation plan aligned with software contract expirations
Optisave built a detailed, multi-year plan to reduce costs by over $20 million per year for a top U.S. bank:
- Optimized infrastructure software
- Identified and assessed over 600 applications
- Analyzed functional overlap, difficulty to achieve, end user impact, risk, and cost to achieve
- Retired more than 400 applications
Contact Optisave today to discuss how we can help your organization realize the significant benefits of software rationalization and optimization.
Evan Katzman
Managing Director at Optisave, LLC
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