Compliance Automation Software

When deciding on a software license tracking system, a VP of HR in a US based mid to large size company should consider a range of factors. A comprehensive evaluation of the features, requirements and cost should be carried out beforehand. By doing so, they can ensure they have the best and most appropriate system for their business.

Firstly, it is important to establish and prioritize the platform’s requirements. For instance, the company may need to track anything from purchase history to asset inventory and subscription renewals. Furthermore, a capability to forecast and budget for future license requirements is also necessary. Of course, all this needs to be amidst secure and easy to use features.

The next step is to research the many available providers and products. It is useful to ask colleagues and peers for their experiences. Additionally, attending webinars, demos and reading online reviews are all helpful in making the final decision.

When settling on a system, consider their customer service and technical support teams. Ensure the vendor is reliable and that they can meet the company’s specific requirements. It is also essential to consider the scalability of the system. The ability to expand over time to accommodate a growing license requirement is key.

Lastly, review the cost. Ask for written quotes and look for additional fees. Beyond the fees, be sure to review the license agreement for compliance and legal obligations. Transparency is key to finding the right system that fits the needs of the business.

By conducting a thorough evaluation of the software license tracking systems, a VP of HR in a US based mid to large size company can decrease their risk of buying the wrong system. Carefully weighing options against each other can be the difference between success and failure.