Resources for Federal Financial Institutions Examination Council (FFIEC)

Five Steps to Compliance: Avoiding the Pitfalls of Software Licensing

www.ecommercetimes.com

Software maintenance will reach US$137 billion by 2010, a compound annual growth rate of nearly 10 percent, according to IDC. Today, many vendors including Adobe Latest News about Adobe, Oracle Latest News about Oracle, Microsoft Webroot AntiSpyware 30-Day Free Trial. Click here. Latest News about Microsoft and IBM Latest News about IBM, among others, are stepping up their efforts to identify noncompliance, making an audit a real possibility.

Aligning a company's IT needs with its business objectives is the first step to efficiently maintaining costs associated with software purchases and asset management. Even the most resourceful IT managers often lack the knowledge -- or bandwidth -- necessary to manage software licensing and compliance. However, many common mistakes when purchasing enterprise software can be avoided, which can lead to potential savings of up to 30 percent.

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