Oracle subscription costs optimisation
To reduce your Oracle subscription price, consider implementing the following strategies based on the insights gathered:
1. Evaluate and Optimize License Usage
Conduct a thorough review of your current Oracle licenses to identify any unused or underutilized licenses. Terminating support for these licenses can lead to significant savings, as many organizations find that around 30% of their Oracle licenses go unused[2][3].
2. Negotiate Better Agreements
Engage in discussions with your Oracle account representative to negotiate more favorable terms. Many companies do not maximize their commercial terms with Oracle, so understanding market best practices can help you secure discounts or better pricing structures. Don't hesitate to negotiate annual support renewals as well[1][2].
3. Consider Third-Party Support
Switching to third-party support providers, such as Spinnaker Support or Rimini Street, can reduce your support fees by up to 50%. This option is particularly viable if you are using legacy systems and can forgo Oracle's updates and upgrades[2][3].
4. Downgrade Software Editions
If your organization is using the Enterprise edition of Oracle software but does not require its full capabilities, consider downgrading to a Standard edition. This can deliver substantial savings, especially if the advanced features are not being utilized[1][2].
5. Optimize Your License Model
Explore different licensing models that may be more cost-effective for your organization. For example, switching from processor-based licensing to named user-plus licensing can potentially halve your costs[2][3].
6. Migrate to Oracle Cloud or Alternative Platforms
Transitioning to Oracle Cloud or other cloud platforms like AWS or Azure can provide more flexible pricing and potentially lower costs. Cloud solutions often allow you to pay only for the resources you use, which can be more economical than traditional licensing models[2][3].
7. Change Hardware Platforms
If you are running Oracle technology on certain hardware, consider switching to more license-efficient platforms, such as IBM LPAR. This change can reduce your licensing requirements significantly, sometimes by up to 50%[1][2].
8. Consolidate Database Platforms
Consolidating your Oracle database platforms can lead to reduced licensing and maintenance costs. By centralizing your database environment, you can optimize resource usage and minimize expenses[5].
9. Stay Updated and Conduct Regular Reviews
Regularly review your Oracle contracts and usage metrics to ensure you are not paying for unnecessary services or support. Keeping your software updated can also help avoid higher fees associated with outdated versions[2][5].
By implementing these strategies, you can effectively reduce your Oracle subscription costs while ensuring that your organization maintains the necessary support and resources for its operations.
Citations:
[1] https://www.linkedin.com/pulse/top10-ways-how-reduce-oracle-software-costs-fredrik-filipsson
[2] https://redresscompliance.com/oracle-support-renewal-optimization-and-lower-costs-in-2023/
[3] https://www.linkedin.com/pulse/top-5-strategies-reduce-oracle-support-fees-oraclelicenseexpert-fyzzf
