4 Tips for Preparing a Budget for Network Monitoring Applications

Investing in network monitoring is the right decision for your company. You will get various benefits when you start implementing it such as saving time, costs and being able to solve device problems before they become big. However, at first you must be hesitant about the costs that must be incurred when dealing with network monitoring applications, right? Don’t worry, NetMonk has the solution for you.

There are several steps you must take to set a budget for a network monitoring application as quoted from an article written by Jackson in Helpsystems. However, before you start setting the budget, according to a survey conducted by Helpsystems in 2016, 54% of IT professionals consider improving the availability and performance of their network infrastructure as a top priority. This is accompanied by an increase in the IT budget, which increased by 61% and only 21% decreased.

1. Budget Additional Costs
   The first step you must take is to budget the costs for the whole thing. What does that mean? It is not enough to just budget the cost of purchasing the device, but also budget for additional costs required such as: installation / implementation services, device updates, training services, and finally device support and maintenance.
2. Consider Discounts

After setting a budget for devices and so on, you should also consider the discounts that may be given by the vendor you want to go to. Usually some vendors offer discounts at certain times such as New Year and other big days. Consider this too when you are about to decide to buy a network monitoring tool for your company.

3. Consider Device Licenses

According to Jackson, there are 3 types of network monitoring software license models, namely per device, per interface, or per sensor. However, there are several solutions that offer a combination of licenses. Estimating future costs for licensing per device is easier because every new device that you want to monitor will definitely require an additional license. While predicting interface costs when the network grows is more difficult. Why? This is because usually, each device has one to many interfaces. This also applies to sensors, because you will have many elements that you want to monitor for each device.

4. Consider the Payment Structure
   The last step you should take is to consider the payment structure. Just like before, there are 3 models. The first model is to pay in advance. If you want to pay the entire cost up front then you should consider a one-time license where this payment will give you a permanent license.

As for the second model is a tiered model. What does it mean? With this tiered model, you can combine monthly/annual payments with a pay-per-option option. This second model can allow you to scale as needed and more easily combine additional features or functions of the product.

The last model is to pay per device lies between the previous two structures and gives buyers the flexibility to determine what their absolute needs are, so that’s what you will only pay for. The benefit of this third model is that it gives you the ability to scale.

That’s how to set a budget for a network monitoring application. If you are sure about the budget you have set, then there’s nothing wrong with seeing what Netmonk, an Indonesian network monitoring company, has to offer, which can meet your needs for monitoring network devices at a more friendly cost, more efficiently and there are still many more benefits that you will get. For more information, please visit our website and contact us through the number listed on the website.

Source:

https://www.helpsystems.com/resources/articles/how-much-should-i-budget-network-monitoring-software