Sunday, April 6, 2008

Read The Contract!

Technology asset management cost and risk reduction concept:
Read The Contract, License or Other Document...
I have been working as an adviser, corporate coach and certification trainer since the mid-90's and I can honestly state that the vast majority of companies have absolutely no idea what the terms and conditions are of the dozens--even hundreds--of legal documents to which the company is bound.

Guaranteed Cost Reduction Idea:
"Begin, immediately, reading and summarizing every software license for every product your company uses."
Why? Because software licenses are permissive documents. They clearly specify precisely how you are permitted to use the copyright protected product covered by the license. If you do not know what the licenses say you cannot possible be compliant with those licenses.

How much could you really save? The average settlement for license non compliance for an American SME is around $60,000 (plus up to 6 times that amount in punitive audit fees). You could side-step this potential loss of vital business revenue by simply matching up your permissions with your actual usage of those copyrighted products.

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