Your guide to software licence management
Managing software licences is crucial for organisations to ensure compliance and maintain operational efficiency. Without proper oversight, software licensing can lead to unnecessary and insidious expenses, reputational damage, legal risks, and inefficiencies.
“If a company does not have a good picture of their software landscape, they could end up renewing $50 million dollars of licenses when they are truly only using $20 million worth of licenses.”- Erwin Yuen, Managing Director in Deloitte Risk and Financial Advisory’s Software Asset Management practice
Software licence management is business critical. Software licences are not just expenditure large enterprise businesses need to be mindful of- all businesses, big or small, may be wasting money on under-utilised software.
Expert software licensing services help you save costs and boost operational efficiency. For example, Surrey County Council achieved 20% cost savings through our efficient software management service; we streamlined their licensing under one contract and service procedure, meaning both licensing and administration costs were drastically reduced.
Here are some comprehensive steps to manage your software licences to ensure they do not hold your business back.