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Six tips for optimising license spend and avoiding audit risk

27 November 2023 Time to read:  minutes

Discover how Livingstone offers effective strategies for managing software assets and navigating the complexities of today’s digital environment.

In an era where technology permeates all aspects of business operations, organisations 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 emphasise the importance of optimising license spend and avoiding audit risks to ensure sustainable software asset management.

Livingstone offers a comprehensive suite of services, including software license management, vendor negotiation, contract optimisation, and cloud cost optimisation. Their holistic approach positions Livingstone as a trusted partner in the journey towards efficient software asset management and digital evolution.

Livingstone distinguishes itself in the marketplace through its dedicated commitment to optimising IT costs and propelling digital transformation. By harnessing our comprehensive industry knowledge and utilising advanced technology, we enable organisations to fully capitalise on their IT investments, as Livingstone Founder, and Chief Innovation Officer, Simon Leuty and others explain:

 

How to optimise your licensing spend

Created in partnership with TechPros.io, we’re thrilled to unveil the Market View Report Battling the Tech Vendors: Optimising License Spend and Avoiding Audit Risk.

This report details:

  • The many increasing challenges in software asset management
  • How you can optimize license spend and avoid audit risk
  • Tactics to help you negotiate software licenses and management effectively

Following on from the insights in the report, Livingstone have shared their six tips for optimising license spend and avoiding audit risk:

  1. Invest in robust SAM practices
  2. Foster cross-departmental collaboration and continual optimisation
  3. Understand the cloud landscape and control costs
  4. Prepare for vendor audits and maintain compliance
  5. Negotiate favourable licencing agreements and managed contracts effectively
  6. Invest in education and vendor relationship building

Discover their insights: https://lnkd.in/g6YPHSPa

Download the full report to explore valuable insights on optimising software license expenditure and reducing audit risks in this in-depth report from Livingstone. It offers effective strategies for managing software assets and navigating the complexities of today’s digital environment.

Discover their insights: https://lnkd.in/g6YPHSPa

About Livingstone and Trustmarque

Livingstone is a leading global provider of software and technology asset management solutions, with a distinct focus on optimising IT costs and propelling digital transformation. They are well-equipped to assist companies in managing the critical issues of software asset management, cost optimisation, and audit risk that have been discussed in this report.

In February 2023, Trustmarque acquired Livingstone Technologies – the first step in an ambitious growth strategy to accelerate the consolidation of mid-market IT services in the UK. The partnership with Livingstone complements and strengthens Trustmarque’s existing capabilities in SAM, cloud and licensing, offering superior returns on technology investment for our blue-chip customer base.

Trustmarque Acquires Livingstone Technologies, the Gartner Magic Quadrant Specialist in Software Asset Management Find out more

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