Thoughts from Livingstone
In an era where technology permeates all aspects of business operations, organizations increasingly find themselves in a tricky dance with tech vendors. The escalating complexities and risks associated with growing software and cloud expenditure have highlighted the urgent need for adept navigation of this intricate domain. The shifts in vendor pricing models emphasize the importance of optimizing license spend and avoiding audit risks to ensure sustainable software asset management.
The escalating complexities and risks associated with growing software and cloud expenditure have highlighted the urgent need for adept navigation of this intricate domain.
The perspectives shared by leaders in the field made a profound impact on our understanding of the complexities of software asset management. For instance, Shunit Kainy, Head of Global IT Procurement at Teva Pharmaceuticals, stated, "Knowing exactly what you have in terms of software, where it is installed, and how it is used, is a key factor in cost optimisation and audit readiness." Meanwhile, Nicholas Evans, IT Asset Manager at Wilhelmsen Group, emphasized that "Adopting a proactive approach to software asset management is essential to prevent compliance issues and optimize spend." Their insights highlighted the importance of robust SAM practices for effective software license management, optimized spending, and preparation for vendor audits.
The importance of investing in SAM was a resounding sentiment echoed throughout the interviews. This was further validated by the survey results, which revealed 70% of respondents felt their organizations were not dedicating adequate resources to SAM. This consensus aligns with our belief at Livingstone in the critical role of SAM solutions in optimizing license spend and mitigating audit risk.
Adopting a proactive approach to software asset management is essential to prevent compliance issues and optimise spend.
- Nicholas Evans, IT Asset Manager at Wilhelmsen Group
As more organizations transition to the cloud, the challenges associated with cost forecasting have become increasingly prominent. This further emphasizes the need for robust strategies to manage and accurately predict these expenses, ensuring better control over software investment.
These insights from the interviews have reinforced our commitment to offering comprehensive SAM solutions. Our aim is to enable organizations to streamline their software usage, reduce waste, and mitigate audit risk. We believe that to optimize license spend and avoid audit risk, it is paramount to invest in robust SAM practices, foster cross-departmental collaboration, and stay abreast of changes in the cloud landscape.
Livingstone distinguishes itself in the marketplace through its dedicated commitment to optimizing IT costs and propelling digital transformation. By harnessing our comprehensive industry knowledge and utilizing advanced technology, we enable organizations to fully capitalize on their IT investments. This distinctive approach positions Livingstone as a trusted partner in the journey towards efficient software asset management and digital evolution. Livingstone offers a comprehensive suite of services, including software license management, vendor negotiation, contract optimisation, and cloud cost optimisation. Our holistic approach positions Livingstone as a trusted partner in the journey towards efficient software asset management and digital evolution.
We hope that the insights shared in this report will prompt industry leaders to reflect on their current SAM practices and recognise the importance of innovation in this sphere. If these challenges resonate with you, but you're uncertain about how to navigate them, Livingstone is here to provide guidance and support. Please reach out to us for further information and assistance in optimizing your license spend and mitigating audit risk.