You’ve recieved your letter from the vendor. The audit is coming and you’ve got to balance what licenses you have on your systems versus what you’re licensing contracts allow. The difference could cost your organisation big money so you’ve got to get it right but systems are so displaced or complex or evolving so fast that it seems like a full time job.
Preparing for a software audit and software compliance.
Software compliance audits are always a headache, especially when it comes to time, resources and money. The best way to prepare for an audit, experts agree is to avoid it all together by implementing a software compliance plan.
Software compliance is a complex and interpretative process that if not done correctly and with forethought can cost organisations millions. How much money are we talking about? In a 2013 study performed by professional services company KPMG, 52% of companies felt that their losses through unlicensed use of software amounted to more than 10% of their revenue. Software compliance audits can also take a long time. According to Christof Beaupoil, co-founder and president of Aspera Technologies Inc. a provider of software license management solutions, they can take up to 18 months.