Mythics for Oracle Licensing Drives Cost Savings for Your Institution
| by Keith Fowlkes, Vice President, Technology Category at E&I Cooperative Services
If you’re like most other colleges and universities right now, you’re actively looking for new areas of savings for your institution. In the face of COVID-19 and the subsequent downturn in funding for education nationwide, many institutions are searching for ways to cut costs in technology operations. E&I’s contract with Mythics for Oracle is low-hanging fruit for cost savings, better terms and conditions, as well as a host of value-added services.
E&I’s Mythics Contract includes the full catalog of Oracle ERP solutions, including Oracle Cloud services. Mythics is the largest reseller of Oracle in the U.S. and has been an Oracle Platinum Partner for many years. The company is best-in-class for their knowledge of Oracle, their competitive pricing, and their ability to help educational institutions navigate often complex licensing challenges.
While you may negotiate similar pricing from Oracle direct, you will receive many additional benefits by using Mythics for Oracle ERP solutions, including:
- Ellucian Banner ERP customers will find HUGE savings through Mythics, as many of our members are enjoying up to a 40% annual savings over licensing Oracle database products through the Ellucian “pass-through” licensing. Many of our members are already benefiting from this savings to their operations, with no differences in direct Oracle service and support.
- If your institution is licensing Oracle solutions directly from Oracle or other sources, you can take advantage of additional savings through the E&I Mythics contract. While the initial pricing is similar, if not better through Mythics as with Oracle Direct, the E&I Mythics agreement offers much better renewal pricing than Oracle offers directly. E&I’s Mythics contract offers a not-to-exceed one-time uplift of 2% for a five-year term. For periods less than 5 years, there is a not-to-exceed one-time uplift of 3%. This best-in-class Oracle database renewal pricing helps our members reduce their annual licensing costs without compromising their current support services from Oracle.
- E&I members who use the E&I Mythics agreement may be eligible to receive a patronage refund based upon their contract utilization. At the end of each fiscal year, upon the approval of E&I’s Board of Directors, the Cooperative returns any net-margin or profits back to our members in the form of patronage. These refunds represent a valuable revenue generation opportunity for our members.
Our members enjoy all of these benefits, while still receiving the same direct support from Oracle in addition to Mythics’ technical expertise and customer service. We are proud to offer these leading products and services, and incredible support system to our members through the E&I Mythics contract.
Be sure to review when your renewal date for Oracle solutions is up, and let E&I and Mythics help move your licensing over to our contract so your institution can enjoy these substantial cost savings and other value-added services.