For Immediate Release (April 4, 2006):
Contact: Alison Schirone
Phone: (781) 293 9522
TEKMETHODS RELEASES WHITE PAPER ON SOFTWARE ASSET MANAGEMENT
Details growing importance of software asset management programs designed to help executives and IT managers reduce the risks and costs associated with managing and tracking software license agreements
(Tampa, FL) TekMethods, a leading provider of IT asset management (ITAM) consulting services and solutions, today announced the availability of “A Framework for Managing Software Assets,” a white paper by CEO Lori Sechio. Sechio shares her insight on the development of software asset management programs to help executives and IT managers track software purchases, license agreements and lifecycles across the extended enterprise. The white paper also details how software asset management programs can help organizations dramatically reduce their IT costs, optimize technology investments and protect themselves from damaging audits and lawsuits.
The Business Software Alliance (BSA) estimates that 39 percent of software used worldwide during 2002 was pirated, causing a substantial amount of lost revenue. As new software license revenue decreases, software vendor audits are expected to increase.
"IT complexity continues to grow and cause serious problems for many organizations due to software license compliance requirements and government regulations,” said Lori Sechio, chief executive officer of TekMethods. “Enterprises that lack a strong software asset management program are at a high risk of being audited, which could cause serious financial and reputation damages."
A quality software asset management program provides IT managers with insight into available or current software assets to avoid unnecessary spending and to enable volume purchase decisions. A quality program also tracks IT assets that need to be accounted for in Sarbanes-Oxley, HIPPA, and other compliance regulations and helps mitigate risks associated with non-compliance (financial, personal, reputation) so organizations can avoid fines, penalties and lawsuits as well as ensure the accuracy of taxes and financial documents.
For more information and a copy of the white paper, please click here.
TekMethods provides a portfolio of multi-faceted IT asset management (ITAM) services that help C-level executives and their organizations solve critical business issues by enabling them to more effectively assess, manage, monitor and optimize their technology investments. TekMethods’ management and staff are ITAM pioneers, leaders and experts with the specialized knowledge organizations need to mitigate the risks and avoid the costs and delays associated with critical business issues such as non-compliance, inaccurate IT budgeting and poorly monitored software license management. TekMethods’ clients include Dell Corporation, Cadbury Schweppes, Sanofi-Aventis, U.S. Department of Homeland Security and Partners HealthCare System, Inc.