10 Ways How To Avoid Software License Compliance Risk

Businesses use software every day to be more productive, efficient, and organized.

Did you know that the global spending is about USD 672 billion on enterprise software and if you're not properly managing the software licenses for the programs your company is using, you could be exposed to some serious compliance risks?

Ways to avoid software license compliance risk

1. Use appropriate software licensing management tool

Software compliance risks can come from a number of different sources. Organizations need to take a proactive approach to managing these risks and preventing them from becoming compliance problems. 

2. Keep track of your software license

The first step in avoiding compliance risks is to always know which software licenses your company has and where they're being used. This will help you avoid over-purchasing or under-licensing. 

Once you know which licenses you have, it's important to stay up-to-date on your software licensing agreements and make sure you understand all the terms. 

3. Understand your software license term

4. Be careful when making changes to your installation

If you need to make changes to your software installation (for example, if you're upgrading to a new version), be sure to check the terms of your license first. In some cases, making certain changes could void your license altogether.

Good record-keeping is essential for software license compliance. You should keep track of all software licenses in use by your company, as well as records of purchase, installation, and activation.

5. Keep detailed records 

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