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There are a lot of reasons businesses end up overspending on software. Here are some signs you might be paying more than you need to for your regular asset subscriptions:
These issues can lead to unexpected costs and create a lot of confusion about what you’re actually using versus what you’re paying for.
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Software License Management (SLM) is all about making sure that you only pay for what you need, that you’re staying compliant with your licensing agreements, and that you’re prepared for any software audits. Here are some key ways it helps:
Once you know what software licenses you’re actually making use of, you’re halfway there. License management services help you keep track of all your current software in one place, so you can see which licenses are in use, which are underutilized, and whether there’s room for optimization.
Staying compliant with software licenses means you’re meeting the terms set by the software providers. This is important not only for legal reasons but also because software vendors may conduct audits, and non-compliance can lead to penalties. Proper license management ensures that you’re always ready if an audit comes your way.
Software license management helps identify where you’re paying for more than you actually use. This lets you cut down on unnecessary costs right away. It doesn’t just save money—it ensures the money that you are spending is being spent wisely, and in a simple and efficient way.
Missing a software renewal can lead to losing access to a critical tool at the worst possible time. On the other hand, it also means the potential of paying for another year of something you’re not going to use. License management includes renewal tracking while also helping you decide whether it makes sense to keep a license or let it go.
Understanding how your team is using software allows you to make better decisions about what to keep, what to upgrade, and what to get rid of. Detailed reporting and analytics lets you can see which tools provide real value and which ones are dormant, allowing you to make informed cost-cutting choices.
Nicom offers small, medium and enterprise organizations software license management services to help take you keep costs down and efficiency up.
Learn more about Nicom IT’s software license management services.
Are you completely fed up with chronic computer problems and escalating IT costs? Do you worry that your backups and IT security are lacking? Do you have a sneaking suspicion that your current IT guy doesn’t have a handle on things? Our free Network Assessment will reveal gaps and oversights in your computer network and show you how to eliminate all your IT problems and never pay for unnecessary IT expenses again.
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