Case Study: Murphy Oil Corporation achieves $1.39M in software savings with Open iT

Murphy Oil Gains Competitive Edge by Reducing Global Software Expenses

Murphy Oil Corporation worked with Open iT to address the challenge of consolidating IT assets after merging business units, while managing a geoscience software portfolio of more than 250 applications and about $6 million in annual maintenance and support costs. The company needed better visibility into software usage across global offices and operating systems so it could control spending and support more strategic IT decision-making.

Using Open iT LicenseAnalyzer2020 Level 1, Murphy Oil Corporation gained detailed reporting on application, user, and concurrent license usage, along with insights into denials, surplus licenses, and underutilized software. With Open iT, Murphy Oil reduced unnecessary purchases, discontinued unused maintenance, merged license servers, and improved global license management, achieving $1,388,550 in savings over two years and a 32x return on investment.

Murphy Oil Corporation