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If your not talking about 100's of servers you can use Microsoft's Log parser. It allows you to run it and export it right into a SQL database. I use it as a scheduled task to export all print jobs from my print servers into a SQL DB.
is there a practical limit for MS's Log Parser?
I've got about 40 servers that need active log monitoring.
Can the log parser run on a central machine and connect to various machines around the network, or does it have to actually run on each machine?
How do you avoid re-exporting records (duplicates)?