Itasca, IL - Apr 18, 2017 - Flexera Software, the company that is reimagining the way software is bought, sold, managed and secured, announces today its sponsorship of IDC's "Management of Software Assets: an Essential for Cost Control and Compliance Risk Reduction" report, published in France. According to IDC, managing software assets is increasingly important to an organization's operational model.
IDC's report was published after the analyst firm surveyed a number of businesses throughout France, to get a current pulse on the state-of-the Software Asset Management (SAM) market, with the goal of helping organizations control costs and reduce license compliance risks.
"Software Asset Management is changing significantly," said Christian Hindre, Regional Vice President at Flexera Software. "In a bid to capture lost revenues, software vendors are auditing more frequently, especially as they realize they may not be getting paid for all of the software that is being used. Enterprises benefit from sophisticated Software Asset Management solutions like FlexNet Manager Suite to ensure license compliance and maximize the return on the software investment."
Key Findings from IDC's Report
"Businesses have varying levels of maturity in how they evaluate their Software Asset Management and governance model," said Karim Bahloul, Research Director at IDC. "However, the consequences associated with software license non-compliance and security breaches in poorly-managed IT environments are significant. Therefore, it is vital for companies to take a structured approach to managing software assets to mitigate these audit and security risks".
Failure to comply with license agreement conditions can lead to financial penalties, with the impact for companies sometimes reaching several million dollars. The results of IDC's survey shows that software audit risk is higher for large enterprises: three-quarters of larger companies (those with over 5,000 employees) are often faced with these compliance audits, compared to 50 percent of businesses with 2,000 - 5,000 employees.
IDC's survey results also highlight the fact that many companies are still a long way from achieving good control of their software environment, despite the increasing number of audits. In fact, only 56 percent of them have sufficient knowledge about the contractual conditions of use for these software packages.
In order to meet these challenges, companies are investing in third-party SAM solutions. According to IDC's survey, 54 percent of businesses are now deploying these tools, and 25 percent plan to invest in a SAM solution in the next few months.
Flexera is reimagining the way software is bought, sold, managed and secured. We view the software industry as a supply chain, and make the business of buying and selling software and technology asset data more profitable, secure, and effective. Our Monetization and Security solutions help software sellers transform their business models, grow recurring revenues and minimize open source risk. Our Vulnerability and Software Asset Management (SAM) solutions strip waste and unpredictability out of procuring software, helping companies buy only the software and cloud services they need, manage what they have, and reduce compliance and security risk. Powering these solutions and the entire software supply chain, Flexera has built the world’s largest and most comprehensive repository of market intelligence on technology assets. In business for 30+ years, our 1300+ employees are passionate about helping our 80,000+ customers generate millions in ROI every year. Visit us at www.flexera.com.
*All third-party trademarks are the property of their respective owners.