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OpenLM for Engineering Licensing vs. Tropic

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    OpenLM for Engineering Licensing

    Score8 out of 10
    N/AOpenLM for Engineering Licensing provides essential engineering software license tracking capabilities and reports. Users can optimize software inventory, helping to stretch expensive software licenses to their limit. Works with a wide range of license managers including Flexera, DSLS, Reprise and Sentinel RMS. Handles allN/A

    Tropic

    Score9.4 out of 10
    N/ATropic is a procurement intelligence platform that automatically finds ways to reduce and control costs. By combining procurement workflows, supplier management, and benchmark pricing data together in one place, Tropic brings visibility, control, and leverage to company spend.N/A
    Pricing
    OpenLM for Engineering LicensingTropic
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    OpenLM for Engineering LicensingTropic
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details——
    More Pricing Information
    User Ratings
    OpenLM for Engineering LicensingTropic
    Likelihood to Recommend
    8.2
    (1 ratings)
    9.5
    (2 ratings)
    User Testimonials
    OpenLM for Engineering LicensingTropic
    Likelihood to Recommend
    OpenLM
    OpenLM can simplify the reporting of complex licenses with multiple toolboxes or products on one server. It covers most of our license server types, but not all. The academic version is reasonably priced (e.g. for educational institutions) giving 90% of the features, however setting it up on-premise was more complex than our original pilot would suggest. We couldn't do without it now.
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    Tropic
    Tropic is not ideal if you only have contracts below $5k. There isn't sufficient room to successfully negotiate those down. However, if you have sizable and or multi-year contracts, this is where they excel because they have a lot of real life data points to pull from. They are also tough negotiators. One of our reps owned an exhausting negotiation process with a data aggregator and saved us hundreds of thousands of dollars.
    Incentivized
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    Pros
    OpenLM
    • Peak concurrent license use for any period of time, often less than expected, saves unnecessary over purchase.
    • Denials of license, can quickly see where a license is not working, say, after an upgrade.
    • Comparison of license utilisation (% when near the limit).
    • Quick check of expiring licenses.
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    Tropic
    • Contract negotiation
    • Contract visibility
    • Benchmarking
    • Current contract usage
    Incentivized
    Read full review
    Cons
    OpenLM
    • You can share a link to a dynamic report (e.g. the last 365 days). The URL is very long but it can be used with a 3rd party short URL utility and shared with users.
    • Upgrading to the latest version took a long time to troubleshoot, which left a short gap in the saved data.
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    Tropic
    • Their platform could be improved a bit to do a better job of shadow IT tracking (licenses being used or expenses).
    • Lowering prices for folks who may only want their platform without negotiation services.
    Incentivized
    Read full review
    Alternatives Considered
    OpenLM
    X-Formation, OpenIT, JTB, Sassafras either more expensive for the particular task of managing and monitoring concurrent licenses, or they had a different set of features (such as Sassafras K2/Keyserver also for remote access)
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    Tropic
    We reviewed other provides for automated bill entry, but not for contract negotiation.
    Incentivized
    Read full review
    Return on Investment
    OpenLM
    • The academic version has paid for itself handsomely, including our setup costs. The ongoing strategic information saves costs.
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    Tropic
    • They returned savings for us that was greater than the cost of their service.
    • The company has better hygiene in terms of being on top of our contracts - from negotiating terms that finance cares about to ensuring we don't let a contract auto-renew.
    Incentivized
    Read full review
    ScreenShots

    OpenLM for Engineering Licensing Screenshots

    Screenshot of Feature Usage statusScreenshot of OpenLM ReportsScreenshot of License ActivityScreenshot of License UsageScreenshot of FeaturesScreenshot of Feature usage per user