|
If you were challenged by one of your major software vendors to demonstrate that you are in full compliance with all license agreements, how long and how many person-hours would it take for you to respond? Everyone hopes they can avoid them, but these days it’s not a matter of “if” but “when” you will be confronted with a major audit. In a down economy many software vendors seek to offset reduced revenue from new sales with increased compliance revenue from existing customers.
Head off audits before they start
Vendors know that an audit costs them time and money, so they’re much less likely to proceed with a full audit if there’s no additional revenue to be gained. With ManageSoft Enterprise Compliance Manager® (ECM) you can quickly produce detailed reports that clearly show you’re in full compliance worldwide.
Slash audit time and effort
Customers tell us that ECM’s comprehensive reporting dramatically reduces the time and effort required to prepare for and conduct an audit. All the information you need is available at your fingertips. Prior to implementing ECM one mid-sized company had three people working for two and a half months to prepare for an audit. After installing ECM the next audit took one person a week. A Microsoft audit by a leading accounting firm which took a year at one bank was completed in one week for a similar sized multinational bank using ECM.
Avoid penalties and audit fees
Many software license agreements provide for the licensee to pay severe penalties plus the full cost of the audit if an audit identifies any license shortfall. And that’s on top of the unbudgeted additional license fees that must be paid immediately. The penalties and costs can add up to many hundreds of thousands of dollars. ECM enables your organization to maintain license compliance and avoid these costs.
“We were able to satisfy a Microsoft audit in six days using Enterprise Compliance Manager. [The leading accounting firm which conducted the audit] told us they just spent a full year on the same audit with another bank our size.”
- IT executive at a large multinational bank.
To find out if your enterprise is at risk of failing an audit, take our free Compliance Risk Assessment or contact your nearest ManageSoft representative to arrange for an ECM demonstration and risk assessment.
|
|
