Stretching the Software Budget: A Practical Guide to Enterprise License Optimization
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(0)Overview: Software is of tremendous importance to today’s IT-intensive organizations. In fact, the appetite of organizations for software is growing at a faster pace than software budgets—especially in light of current economic conditions.
It is therefore more critical than ever for software buyers to get maximum value out of every dollar they spend on software. To successfully stretch their budgets, software buyers have to:
• Eliminate spending on unnecessary “shelfware” licenses and maintenance fees
• Mitigate the risk of under-licensing and negative audit outcomes
• Allocate software entitlements where they provide the most value
• Unify purchases and contracts across the enterprise
• Accurately forecast and plan future spending
• Conduct smarter, fact-based negotiations with software vendors
These budget-stretching best practices are known collectively as Enterprise License Optimization (ELO). ELO advances the maturity of existing Software Asset Management operations by bringing more insight and rigorous financial discipline to software acquisition and ownership. By implementing ELO best practices, organizations of all kinds can achieve substantial cost savings while greatly improving their ability to use software to achieve their strategic objectives.
