IT ASSET MANAGEMENT

AUDIT ADVISORY

Overview

AS REVENUES FOR NEW SOFTWARE LICENSES IS UN-PREDICTABLE, SOFTWARE VENDORS ARE FOCUSING MORE ON LICENSING AUDITS TO RECOVER SOME OF THAT LOST INCOME. IN FACT, AS PER INDUSTRY REPORTS APPROXIMATELY 5%-7% OF ANNUAL REVENUE ARE GENERATED BY SOFTWARE OEMS VIA THEIR COMPLIANCE & AUDIT PROGRAMS WHICH ARE OFTEN TERMED AS SOFTWARE ASSET MANAGEMENT (SAM) OR EDUCATIONAL INITIATIVES. HONORING AN AUDIT REQUEST IS A LEGAL OBLIGATION IF YOUR ORGANIZATION HAS A PURCHASING HISTORY AS AUDIT CLAUSES ARE SOMEWHERE HIDDEN IN THE MULTIPLE DOCUMENTS SIGNED DURING PURCHASES MADE. VENDORS DO NOT SHY AWAY FROM AUDITING THE SAME CUSTOMER FREQUENTLY AS THERE IS MINIMAL OPPORTUNITY COST FOR THEM.

THINGS TO DO WHEN YOU RECEIVE AN AUDIT REQUEST:
  • DON’T MAKE A PANIC BUY
  • DON’T MAKE CHANGES
  • ENGAGE A TRUSTED ADVISOR
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XORISK SPECIALIZES IN PROVIDING EXPERT AUDIT SUPPORT AND AUDIT DEFENSE SERVICES TO ITS CLIENTS. WITH A TEAM OF CONSULTANTS WHO HAVE BEEN AUDITORS AND COMPLIANCE OFFICERS IN THEIR PAST ROLES, XORISK BRINGS INSIDER KNOWLEDGE ON TABLE IN ADDITION TO ITS LICENSING EXPERTISE TO THE TABLE. XORISK HAS ASSISTED MULTIPLE CLIENTS ACROSS BFSI, TELECOM, HEALTHCARE, ITES, MANUFACTURING, ETC. TO MINIMIZE EXPENSES DURING AN AUDIT REQUEST.

PRE-AUDIT HEALTH CHECK

A QUICK ASSESSMENT IS DONE TO IDENTIFY PRODUCT USE FOOTPRINT

CONTRACT REVIEWS & COMPLIANCE CHECK

STUDY & ANALYSIS OF ALL PURCHASES AND CONTRACTS; COMPLIANCE ANALYSIS IS DONE TO ASSESS THE AS-IS STATUS

CORRECTIVE ACTION PLAN

CHARTING OUT A PLAN TO NORMALIZE LICENSING ANOMALIES & IMPLEMENTING THE PLAN

SUPPORT DURING LICENSE AUDIT

ACT AS OBSERVER DURING AUDIT TO ENSURE THAT ONLY RELEVANT INFORMATION IS COLLECTED BY AUDITORS

REPORT DISCUSSION WITH AUDITORS

AUDITORS CAN BE WRONG; IN FACT MANY TIMES THEY ARE. WE STUDY THEIR REPORT AND DISPUTE FINDINGS THAT ARE NOT SUFFICIENTLY BACKED BY FACTS

NEGOTIATION SUPPORT

GET YOU THE BEST OUTCOME BY NEGOTIATING THE MINIMAL COST FOR ANY EXPOSURE THAT EXISTS

Company in Lines

XORISK Consulting LLP has been founded a group of individuals who want to demystify licensing and Software Asset Management (SAM).

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