A change is afoot in the engineering software industry, with semiconductor EDA software vendor Synopsys announcing a $35 billion acquisition of simulation, CFD and analysis software vendor Ansys. The deal could set the stage for a wave of mergers and acquisitions as software vendors compete to consolidate. But what does this mean for the engineers using their tools? And the companies that buy them?
A change in management can lead to an increase in software audits and compliance checks on licenses, as the new management make sure their customers are following their agreements. Even without a change in management, in the last few years, there are reports of software vendors increasing compliance checks and audits.
Do you have a system in place so that every team in every department using an engineering tool knows exactly what the rules and restrictions for it’s usage are?
Even if you’re fully compliant, a change in management at one of your software vendors can mean a change in features packages and pricing, or just tougher renewal negotiations. New bundle deals on features, usage tiers and other changes can throw the average user’s budget into chaos, with costs skyrocketing as you struggle to figure out what you need.
To stay ahead of it all, you need visibility into your software assets. You need to know what you own, and the fine print of its license agreement, to make sure your company is fully compliant. But you also need to know what you’re using – who’s using a tool, where they’re using it, how long they’re using it for and what features they’re using. It’s only with this level of usage data that you can make sure you’re not paying for features or licenses you don’t need.
TeamEDA makes sure you have all of this. LAMUM’s reports enable you to track real-time and historical usage data, checkout duration, and counts. Interactive graphs, gauges and customizable dashboards let you visualize key trends for all your features and tools, providing you with complete visibility on what you own, what you’re using, and what you need. The streamlined and agile front-end provides seamless engineering Software License Management which includes the ability to add those digital agreements, quotes, PO’s, invoices, and more.
Leveraging your data, our team can make sure you’re fully on top of your license usage, so that you enter your software contract negotiations armed with the insights you need. Using LAMUM, customers save up to 15-25% every year on their annual spend for engineering software.
Are you ready to drive the best deal?