Tool Management
Manage and track your company's tool ordering, analysis, purchase, and approval process.
Workflow Steps
Step 1 - New Tool Request & Business Case
A team requests a new software tool, providing a business case, justification, and list of stakeholders.
Step 2 - Security, Legal & Compliance Review
The IT security and legal teams review the tool and its vendor for compliance with company policies, data privacy regulations (like GDPR), and security standards.
Step 3 - Financial Approval
The finance team reviews the pricing and approves the budget for the new tool, ensuring it fits within the department's financial plan.
Step 4 - Procurement & Controlled Onboarding
The procurement team purchases the tool. IT then assists with its initial setup and integration in a controlled manner, such as configuring it with single sign-on (SSO).
The Purpose of Tool Management
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