The industry has edged closer to a benchmark certification for Software Asset Management (SAM) with the launch of a new Tiered Scheme backed by the Federation Against Software Theft and Investors in Software (FAST IiS).
The 19770 Tiered SAM Scheme (TSS), aligned with ISO/IEC standard, allows firms to target vital processes - inventory management, verification and license compliance reconciliation - to ensure they are meeting corporate governance.
John Lovelock, chief executive at FAST IiS, said UK corporates have yet to understand the benefits of effective SAM implementation including reduced compliance risk, controlling software costs and lower management overheads.
"Companies cannot financially afford to continue to over-purchase software in this climate and legally cannot risk under-purchasing. These have to be the most compelling arguments for adopting effective SAM policies," he said.
According to an IDC UK Software Asset Management Maturity survey, 41% of businesses that were using SAM felt it had saved them money, 55% believed it was revenue neutral and 2% said it was costing them money.
Dave Phillips, owner at SAMleaders, which helps companies with compliance, said "Until now SAM has been missing a piece: an endorsed route to lasting improvement and standardised results."