Today, organizations are losing money on their software investments. These losses present themselves in many forms, some more obvious than others.
For example, if your organization doesn’t keep an inventory of its software licenses, how many of those licenses are active, and how often they are used, you and your CIO can easily and unknowingly continue to spend on a software that is only used by a fraction of the company. As cloud-based applications become more prominent, over consumption is also a major issue, with companies paying for instances of use they had not accounted for.
However, most costly and disruptive are software vendor audits. Not only can these result in immense fines, they also divert resources away from organizational goals. For many organizations, software asset management is a reactive process, only thought of when they are faced with an audit. This means that when that audit comes, they have to halt projects to free up personnel to conduct self-audits, true ups, and to coordinate with the vendor.