Banks, insurers, asset managers and capital markets firms are among the most over-charged enterprise software customers on the planet. Vendor support contracts extract maximum revenue while delivering minimum value. GoVendorFree ends that — with compliant, independently delivered support at 50–90% less cost.
Tell us your vendor and annual support spend. We'll quantify your savings — free, with no obligation.
The financial services sector has the highest concentration of legacy enterprise software in any industry — and vendors know it. That knowledge translates directly into pricing power that finance CIOs have accepted for too long.
Core banking, insurance policy management and trading platforms built on Oracle or SAP create perceived switching costs that vendors exploit at every renewal cycle. The lock-in is real — but it ends at the application layer, not the support layer.
Compliance and risk teams default to "vendor support only" without examining whether independent support actually poses any regulatory risk. It doesn't — but the assumption costs firms millions annually in unnecessary maintenance fees.
Vendor end-of-life policies force expensive upgrades to maintain support coverage — even when the current version is stable, secure, and fully meeting business requirements. You're funding Oracle's next release, not your own roadmap.
Post-acquisition VMware price increases of 300–500% have hit financial services infrastructure teams hardest. Data centre-heavy banks and insurers face enormous cost pressure with limited leverage against Broadcom's new bundling model.
Financial services firms grow through M&A. Inherited technology estates create duplicate licences, mismatched support contracts, and multiple vendor relationships — all of which vendors use to increase total contract value at renewal.
Oracle's standard 8% annual support uplift and SAP's 22% maintenance rate were designed before inflation meant anything to anyone. You receive no additional value — just a larger invoice every year, compounded over a decade of inaction.
GoVendorFree has supported financial institutions across the UK, EU, US, and Asia-Pacific since 2016. Our support model is designed from the ground up to satisfy the operational resilience, third-party risk, and change management requirements of financial regulators. We provide full contractual documentation, SLA commitments, incident response records, and audit trail support for your compliance team — without additional cost.
Before any financial services engagement, we complete a third-party risk assessment questionnaire aligned to your regulatory framework. We have answered DORA, FCA, PRA, SEC, OCC, MAS, and APRA questionnaires across 40+ countries. Your compliance team will have everything they need.
These figures are based on actual client outcomes across 500+ engagements. Your savings will depend on contract terms, estate complexity, and vendor. We quantify your specific savings opportunity in every free assessment.
| Vendor | Current Annual Cost | Typical Saving | GoVendorFree Cost | 5-Year Saving |
|---|---|---|---|---|
| Oracle | $2,000,000 | 50–65% | $700,000 – $1,000,000 | $5M – $6.5M |
| SAP | $1,500,000 | 50–65% | $525,000 – $750,000 | $3.75M – $4.9M |
| VMware / Broadcom | $1,000,000 | 60–90% | $100,000 – $400,000 | $3M – $4.5M |
| IBM | $800,000 | 50–65% | $280,000 – $400,000 | $2M – $2.6M |
Illustrative figures based on $5.3M combined annual vendor spend. Actual savings vary. All figures exclude transition costs.
From tier-1 banks to regional insurers, financial institutions across 40+ countries have freed themselves from vendor support dependency. Here are two examples.
A pan-European bank with Oracle Database and E-Business Suite running across 14 entities was paying €3.2M annually in Oracle support. Following a compliance review that confirmed GoVendorFree's model met all ECB and local regulatory requirements, the bank transitioned to independent support in 6 weeks. The result was a 63% reduction in annual Oracle spend with zero disruption to core banking operations.
A mid-market US property and casualty insurer received notification that its VMware renewal would increase 340% under Broadcom's new subscription model. With 8 weeks to contract expiry, the firm transitioned its 2,400-VM estate to GoVendorFree support, maintaining full coverage at a fraction of the new Broadcom pricing. Annual VMware support saving: $1.8M. SEC third-party risk documentation provided within 72 hours of engagement start.
Yes. GoVendorFree's support model is designed to meet the operational resilience, change management, and third-party risk requirements of regulators including PRA, FCA, EBA, DORA, SEC, and OCC. We provide full documentation, SLA commitments, and audit trail support to satisfy your compliance and risk teams.
Absolutely. The majority of our financial services clients run mission-critical workloads — core banking, claims processing, trading platforms — on supported systems. We provide 24/7 cover with 15-minute response SLAs and our engineers have deep domain experience with financial services application stacks.
We deliver security patches, custom fixes, and interoperability updates on your schedule. Unlike vendor support which forces upgrade-driven patching, we provide targeted fixes for the specific CVEs that matter to your environment — without forcing you onto a new release cycle.
Typical transition timelines run 4–8 weeks depending on environment complexity. We run transition in parallel with existing vendor support to ensure zero gap in coverage, and provide a full handover pack including system documentation, known issues, and escalation contacts before go-live.
Financial services clients typically save 50–70% on Oracle and IBM support costs and 60–90% on VMware support post-Broadcom acquisition. SAP clients save 50–65% on maintenance fees. The exact saving depends on your current contract, the number of products supported, and your estate complexity.
Moving to third-party support eliminates your dependence on vendor support contracts but does not affect your licence rights. You retain full use of your licensed software. Many of our clients use the cost savings to renegotiate their licence position from a position of strength, reducing overall vendor spend by 60–80%.