Enable Transparency for Software and License Inventory Management
The number of major software providers carrying out audits of their customers to detect or prevent license violations has been steadily increasing over the past few years. Yet by carefully monitoring license use, you can significantly reduce business risk and costs.
A comprehensive asset and license management solution combines several dynamic functions to create an integrated compliance solution:
- Transparent license management ensures legal compliance
- Optimized license inventory management reduces software costs
- Clear cost assignment for billing based on actual usage maximizes transparency
Find out more information onr Matrix42 Compliance here.
Transparent license management ensures legal compliance
License violations pose a risk to all businesses. If they are discovered during an audit or similar check, there can be serious consequences for the company and its senior management. At best, the issue can be resolved by paying compensation to the manufacturer.
With Matrix42 Compliance, you can achieve complete transparency for your current license status and its usage, so that legal compliance is always guaranteed. You can also ensure that no unlicensed software can be added to your inventory or used within your company, thanks to the monitoring of unapproved software installations.
Optimized license inventory management reduces software costs
Market research institutes report that 23 percent of all newly purchased software is never actually used, and that the total value of installed but unused software averages $400 per computer. That’s why identifying license errors and over- licensing through active license management often uncovers significant potential cost-savings. This potential can be realized by canceling the corresponding subscriptions, software licenses and maintenance contracts within a very short timeframe.
Clear cost assignment for billing based on actual usage
As well as being able to uncover license errors and over-licensing, the billing of software licenses based on your actual usage also offers significant cost-saving potential. Matrix42 Compliance allows costs to be identified on a needs-only basis, which are then billed to the departments that have ordered them. This often causes significant changes in ordering behavior, as the corresponding departments and employees then take a more active interest in monitoring license purchasing costs.