Latest FlexNet release enables software producers and high-tech manufacturers to reduce audits and improve revenue predictability; enterprise IT customers can proactively manage compliance and avoid expensive budget surprises
Schaumburg, IL - Sep 9, 2008 - Acresso Software today announced a significant expansion to its FlexNet entitlement and compliance management suite. This latest release is the first packaged product suite delivering a complete compliance and entitlement management process for software producers and high-tech manufacturers-licensing, entitlements, usage and delivery-resulting in stronger compliance with licensing agreements, regardless of licensing system used.
Minimizing the producer's need for costly audits and improving revenue stream predictability, the information generated by FlexNet can easily be delivered directly to enterprise IT customers. This provides ongoing insight into actual usage and a means to proactively manage their own compliance with software licensing agreements to avoid costly budget surprises that often result from audits and effectively plan IT investments.
More than 3,000 software producers and high-tech manufacturers have shipped $85B of FLEX-enabled software and continue to release over $15B of new FLEX-enabled applications every year.
"In today's economy, software producers and high-tech manufacturers need to ensure that all revenues resulting from their enterprise customers' software usage can be captured," said Amy Konary, Research Director Software pricing, licensing and delivery at IDC. "To do so, some producers revert to expensive and time-consuming physical audits, which are often viewed as invasive and disruptive by their customers and address the symptom of non-compliance rather than the problem of poor license management," adds Amy. "The FlexNet Solutions from Acresso Software can help software producers and high-tech manufacturers implement proper license management in the first place, while providing them with on-going information about both entitlements and usage."
The latest capabilities include:
- FlexNet Compliance Monitor, a new addition to the FlexNet product family, provides software producers and high-tech manufacturerss with an actual view of their customers' software usage without the need for expensive and time-consuming physical audits. For the first time, software producers and high-tech manufacturers can shift the conversation from audits to simply reviewing a shared set of facts to understanding actual software usage. Specific details are available at www.flexerasoftware.com/compliance.
- The latest release of FlexNet Operations integrates fragmented or manual back-office entitlement systems, such as CRM systems or excel spreadsheets; this is a common challenge in the industry due to mergers and acquisitions. Moving to a single entitlement system reduces the costs of supporting multiple systems. Specific details are available at www.flexerasoftware.com/fno.
"The Entitlement and Compliance Management Solution from Acresso Software has helped Alcatel-Lucent improve the way we view and administer entitlements. Now our license generators can be consolidated into a single system, saving us time and money while giving customers a more consistent experience," said Manish Sharma, Program Director, Alcatel-Lucent. "We worked with Acresso as they developed this new release that will not only give us reports that detail our customers' entitlement activities, but more importantly enables us to better serve our customers by providing them a clearer view into how their departments use our products so they can better manage their own entitlements. We will also be able to dramatically reduce the time it requires us to give permission to use the requested application from a few days to a few minutes."
"Software producers and high-tech manufacturers need to use their own medicine," said Roger Bottum, senior vice president of Marketing, Acresso Software. "Many often rely on manual, fragmented processes for managing their relationship with their customers, especially around software usage and entitlements. These new releases provide key new capabilities to automate these areas on both sides of the equation to facilitate a much more rational approach to entitlement and compliance."
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 1200+ employees are passionate about helping our 80,000+ customers generate millions in ROI every year. Visit us at www.flexera.com.
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