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News

Advice for managing software assets during economic downturn

Managesoft : 15 July, 2008  (New Product)
In the wake of FAST report on increased likelihood of poor asset management during slow economic period, Managesoft offers 5 tips to managers for retaining control over software assets without facing penalties for illegal activities
The results of a FAST (Federation Against Software Theft) survey has recently hit the wires - news that 79 percent of company directors would be happy to avoid buying legitimate software licences to save them money during the downturn is a shocking figure. With a penalty of 10 years in jail and an unlimited fine, that's some risk to take.

With software audits likely to be on the rise during a difficult period, businesses need to accept that keeping a control of their software licenses will be a necessity and definitely won't be an area to cut costs. In fact by implementing a software asset management solution it will allow organisations to leverage existing IT systems, improve efficiency and reduce costs.

ManageSoft's tips to manage software assets during a downturn include:.

• Redeploy unused software licences to ensure efficient use across all of the organisation, this could easily lead to a six figure saving in future purchases.

• Centralise the procurement process for purchasing software licences to ensure easy tracking.

• Identify unused software and reduce associated maintenance contracts and payments.

• Rationalise multiple applications that perform the same function by pulling all installed applications together into one repository to analyse.

• Use centralised intelligence on software installed and used, to allow the negotiation of favourable terms with suppliers on new or renewed contracts.
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