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Whats driving the uptick in software audits?

audits driving Software uptick
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Whats driving the uptick in software audits?

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Steve Butler: With the current state of the economy, overall IT spending is decreasing, driving down software vendor revenue on new license purchases and renewals. Even maintenance payments, which previously were considered fixed operational costs, are now facing increased scrutiny by CIOs and especially CFOs. Software vendors utilize license agreements that are highly complex with lots of “compliance landmines” such as virtualization, enterprise licenses, and hardware dependent licenses. Consequently, major software vendors are increasing their software license audit efforts to drive revenue from existing customers. License audits typically produce a huge return on investment for the publisher — a 10x (or greater) return is not uncommon. We have many customers who report that they owed well into seven figures to the publisher after an audit. How prepared are IT shops for audits? Preparedness varies widely, but it is surprising how many midsize and large enterprises still rely on manu

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