Solutions
Software License Management
The Software License Management module enables you to proactively measure and govern Vendor performance and relationship as well as software pricing and usage effectiveness throughout the contract lifecycle. With quick access to comprehensive contract and pricing data in a single view, you can rapidly establish best practices for vendor management and governance programs.
Using the complex analysis and derived business intelligence, you can
- Improve pricing transparency
- Optimize key vendor relationships
- Boost your negotiation leverage to achieve optimal pricing and contract terms
- Enhance your business flexibility and risk management by considering implementation of a regional or global sourcing model
- Enable industry best practice based governance structure between different Affiliate entities
Key Features:
- Contract Capture Capture complete contract data including pricing, payment terms, License Terms, Contract grants, Contract grants, invoice, contract utilization terms, and monitoring requirements; for the entire range of contracts such as MSAs, License agreements, Maintenance agreements, Service agreements.
- Contract Governance Track key milestones for full contract compliance, automated milestone alerts, renewal schedules, vendor management and risk analysis.
- License Management Leverage quick access to current and projected license allocation and utilization for strategic decision-making as well as subsequently sharing with other management tools.
- Financial Management Maximize ROI by analyzing overall one-time and recurring license spends and aligning with pricing benchmarks.
