Software Asset Management | The Costs Of Mismanaging Software

This is the second in a series of three blogs which covers the topic of third party risk. Last time we looked at performing contract compliance inspections of the third parties that you engage with. But what about your organisations compliance with its contractual obligations to third parties? In this blog we explore the area of Software Asset Management (SAM) in more detail, the benefits of good SAM and considerations when building an internal SAM capability.

We are aware through our relationships with major software vendors that their level of audit activity is on the increase, both in terms of new compliance programmes being set up by software vendors who did not traditionally perform this type of activity, as well as those software vendors with more mature compliance programmes using innovative means and technologies to identify non-compliance  These compliance programmes frequently result in millions of pounds worth of fines for customer organisations as a result