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In today's ever changing and evolving IT and regulatory climates, software asset management and licensing strategies have become a focus for many organizations. Developing adequate processes for managing software licenses acquired and deployed is an important part of sound software asset management practices.
Furthermore, changes to corporate structures (such as following a merger or acquisition), business functions, and infrastructure technologies will often significantly impact software licensing structures and contractual agreements.
Software is both a valuable asset and a significant investment. Failure to effectively manage software assets can lead to significant risk exposure, including:
- Financial Risk: lack of budget control and planning, including unbudgeted compliance liabilities and/or overspending.
- Operational Risk: lack of control over software asset allocation and availability.
- Legal Risk: breach of software license agreements and corporate governance legislation.
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