LevelBlox is on the forefront of Enterprise Applications using Blockchain Technology. We have assembled a team of experts that will change the way enterprises use Blockchain to solve some of today's toughest challenges.
$259 per device, is money already spent
on already owned software license.
The issues are expanding exponentially in scope and complexity, as a result, its increasingly disconnecting assets and stakeholders making reconciliation and audits increasingly unmanageable with conventional methods.
75% of enterprises are out of compliance with their software contracts
20% of them end up paying over $1 million or more in license true-ups.
All software installed throughout the enterprise contains entitlements and licenses granting companies the right to use a piece of software. It's critical for the enterprise to get the full scope of use and understanding of the terms of their software agreements to avoid any potential legal entanglements or to pay an unnecessary cost.
Software vendors have developed an array of strategies and tactics to extract revenue from customers beyond an initial transaction. These strategies are evidenced by limitations within the license grant and extend throughout the attachments, orders forms, appendices, and pricing guides of every software vendor.
75 percent of enterprises are found to be out of compliance with their software contracts, and 20 percent of them end up paying over $1 million or more in license true-ups.
In addition to audits, the process regains control over your software estate and seizing the opportunity to transform waste into innovation. The average increase in software licenses after an audit is 30% almost as much as the amount of software being wasted. The reason behind SAM audits are revenue motivated. Vendors expect to earn 30% of their profits through these annual audits. As a result, audits are on the rise, with 66% of companies surveyed by Gartner revealing that they received audit requests.
It is estimated that $30 billion or $259 per devices in America is money already spent on already owned software license.
LevelBlox is responding to this problem by developing a solution, connecting software, hardware entitlements to their license and components with the software decision-makers to drive automation with transparency to reduce Software Asset Management content, effort and cost.