Did you know that unmaintained software may be a substantial risk for your company?
Companies are increasingly concerned about reporting accurate data to their software vendors regarding whether all their software is fully licensed and legal. The problems usually arise from inappropriate use of license agreements, insufficiently defined processes, and the lack of software inventory tools and nonexistent or incomplete management of software assets (“Software Asset Management”,“SAM”).
While it is essential for companies to pass software vendor audits, it is even more important to ensure the optimal use of software tools as strategic assets. SAM may bring a solution to another difficult challenge of senior executives: reducing software costs. Assuming optimal utilisation, SAM may result in a substantial cost reduction, by up to 25–30% on an annual basis. To ensure proper management, control and protection of tools throughout their life-cycle, companies need to adopt an appropriate SAM program and develop their organization, processes and infrastructure. The successful implementation of SAM brings your company a greater degree of control, reduces your costs and ensures compliance with software licenses, thereby improving your company’s preparedness for a software audit.
What are the benefits of SAM?
How can PwC help?
Leaflet: Software Asset Management