Reducing the cost of Oracle ownership

Barclays Capital has successfully married a tradition of Investment Banking excellence and responsive customer service to a forceful talent for innovation and deal making in new markets. BarCap has pioneered new markets in investment banking, fixed-income sales, research and trading, investment management, private equity, and private banking. This expansion led BarCap to expand its IT infrastructure to support its complex business operations.

It was in this context that Barclays Capital’s Director of Information Technology approached Commerce Planner. He and his team were facing an Oracle renewal support deadline that threatened to strain their budget as well as involve them in a time-consuming round of fact finding and compliance audits. They understood that he didn’t have the critical information he needed for a clear decision, and he didn’t have the time to immerse himself in Oracle’s complex licensing rules and regulations.

Partnership

With Commerce Planner working as a trusted partner, the negotiations quickly moved in BarCap’s favor. BarcCap was looking at renewal of contract quoted at nearly $6,000,000. Commerce Planner promptly conducted a thorough licensing inventory of BarCap Oracle assets right across the global organization. Commerce Planner also reviewed those assets in the light of BarCap’s real-time needs – past, present and future. As the countdown to signature approached, Commerce Planner was able to offer a plan to restructure Lehman Brothers support agreements that offered an immediate and significant annual saving, with the opportunity to implement further cost reductions in future years. The fee reduction was achieved without compromising any essential component of the Oracle licensing inventory, and the contracts left plenty of room for Barclays Capital to upsize its user base as the need arose. BarCap said:

“Commerce Planner provided us with the information needed to optimize our licenses and deployment strategies. In doing so they simplified the process for us and saved money. The experience, professionalism and positive attitude that the Commerce Planner team brought to the process gave us confidence to make their recommended changes to our contracts. We have continued the partnership with Commerce Planner to ensure we continue to get the best value from our investment in Oracle licenses. We definitely have confidence that the Commerce Planner team provides this service to us on an ongoing basis.”

With Commerce Planner’s help, the team was ready on the day to renew its Oracle contract, in full confidence that it had the best deal available.