FAST for Finance Directors & procurement professionals

Protect your budget from licensing overspend and negotiate contracts from a stronger position.

Software and maintenance typically represent up to 30% of an organisation’s IT budget. Such significant spend means you need to be keeping a close eye on your licences and how you use them. Poor management of your IT assets could mean that your organisation is wasting money.

Although software doesn’t sit on the asset register for accounting purposes, there are proven benefits to its better management. Studies have shown that effective software and licence management lowers total cost of ownership.

FAST has worked with many businesses who have found that their software is over-licensed. They are overspending unnecessarily by having
more copies of software than required or paying
maintenance on unused applications.

FAST will empower your organisation to better manage your software, mitigate risk and avoid overspend

The FAST Compliance Programme provides a framework for helping your organisation to manage its software. Applying the framework ensures your legal compliance and effective management of your assets for optimum financial benefit.

FAST will help you to:

• Achieve best practice in IT management, a key element of good corporate governance
• Optimise your investment in IT assets
• Reduce cost - minimise unnecessary overspend on software
• Be in a stronger position when negotiating future licensing contracts
• Mitigate the risks associated with using unlicensed software
• Budget and plan for your IT assets more effectively
• Demonstrate software compliance by registering to the FAST Standard for Software Compliance
• Protect your organisation’s reputation
• Minimise IT security risk with best practice IT policies and procedures
  
  

Read more about the risks of under-licensing and the unnecessary cost
of over-licensing your software