Use the ServiceNow® Application Portfolio Management (APM) application to gain a comprehensive understanding of the applications used in your organization so you can identify redundancies, and decrease budgetary costs. By consolidating applications within the same business function, you can identify applications to modernize or upgrade. APM also helps you decide whether to invest, sustain, or replace applications based on the business need aligned towards the organization goal.
You can address business challenges such as:
-Redundant applications for similar functions.
-Increasing cost of owning and maintaining applications.
-Increasing demand to upgrade the existing applications for new functions.
-Conflict between in-house legacy applications and that of the vendors.
-Inadequate performance because of outdated applications.
