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Organizations are accountable for many things: their products or services, their employees, financials, etc. Corporate Governance can mean so many things - we believe part of that definition includes IT Governance. IT Governance is a framework for organizations to adopt industry standards and ethical practices for a productive business environment. Its well know that well governed corporations run more efficiently and subsequently show more profits that those that are not governed properly. A big part of that governance is proper IT asset management. Without it, organizations face compliance issues and potential problems with regulators.

A majority of organizations in today’s business world rely on technology to function on a day-to-day basis. Businesses of all sizes with benefit financially from IT Governance. So we say, why not? There is no down side!

We often discuss software asset management on this blog, as it is what we do day in and day out for our clients. What we cannot understand is why, especially in an economic climate like the present, more companies do not realize its importance for both compliance and cost savings. On average 25% of a companies IT budget goes to software. When this software is mismanaged, it can significantly increase the percentage of that budget, cutting into other expenditures and impede the company’s technology performance, and also stall any future implementations needed to accommodate growth.

The benefits of SAM exponentially outweigh costs:

• Financial security from unexpected software licensing costs
• Proper Corporate Governance
• Maximize ROI for technology investments
• Avoid legal fees of non-compliance
• Tax benefits
• Control over software licensing
• Provides increase security against theft
• Helps plan for change within the business

There are many more to list here, but you get the point. There is no negative to a good SAM program. Get on it!

It’s that time again, the BSA has put out their annual report on software piracy and once again, the worldwide piracy rate has risen again! Losses from software piracy was an alarming $50.2 billion, $9 billion of those losses are within the U.S. According to the BSA, “For every $1 of software sold in a country, there is another $3 to $4 of revenue for local IT service and distribution firms.”

The first cause of the jump has been linked to the recession with consumers and businesses alike holding on to their pocketbooks and spending less. Businesses, now more than ever are looking to software asset management (SAM) programs to increase efficiencies and lower IT costs.

This is a growing problem across the globe, we need to be aware of our unlicensed software - vendors are not going to stand by and let that revenue slip through their fingers.

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