For software vendors, today’s economic climate means effective licensing management software is more important than ever. Adapting to changing market needs or competitive pressure with a new pricing model keeps revenue streams going. But as the number of pricing models expands, software product managers face a growing challenge: how to remain nimble but effectively manage the complexities of licensing software and ensure that entitlements for maintenance and support are managed efficiently as well. Effective software license management enables you to unlock revenue, reduce cost while providing the highest quality of service and customer experience.
Using the software license management best practices and taking a common, automated approach to licensing and entitlement management across product lines will enable:
Having shed light on internal processes, the new licensing management software can help product management rationalize actions, achieve consistencies globally across offices, and improve order processing.
A centralized system will be able to link to and interface with back-end accounting and financial systems, allowing remote operations to be centrally tracked and managed.
The centralized license management system provides accurate activation and usage statistics. Centralized license solutions will also provide ad hoc instantaneous report capabilities that provide data by customer and entitlement which maximizes efficiency and compliance.