Key Takeaways
- Evaluate applications holistically using three critical dimensions:
- Functional Fit: Assess if the application meets business needs (e.g., HR systems supporting payroll).
- Technical Fit: Check for modern, secure, and cloud-compatible technology.
- Total Cost of Ownership (TCO): Track license, maintenance, and support costs for full financial visibility.
- Identify rationalization candidates by comparing user ratings with TCO.
- Make data-driven decisions by analyzing applications as complete profiles (business value, tech health, financial impact).
- Shift from guesswork to evidence—use insights to confidently prioritize rationalization efforts.