STAMFORD, Conn., April 3, 2019 /PRNewswire/ -- Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, will share strategies for proactively managing the risk of software audits in an April 9 presentation at ISM2019, the Institute for Supply Management's annual conference in Houston.
Bill Huber, partner, and Michele Wang, consulting manager, ISG Network and Software Advisory Services, and Michael Baca, vice president, procurement and sourcing for Parsons Corporation, will deliver a presentation "Is Your Organization Ready for a Software Audit?" during a breakout session at 3:45 p.m. next Tuesday at the George R. Brown Convention Center.
The session will detail how ISG helped Parsons, a digitally enabled solutions provider focused on the defense, security and infrastructure markets, respond to a software compliance audit and secure an 81 percent reduction in liability, and how preparations for negotiations with another software provider reduced the proposed audit fee by 86 percent.
"Effective management of an enterprise software portfolio dramatically reduces long-term cost and compliance risks," Huber said. "When issues do arise, expert technical and commercial guidance in identifying and resolving 'false positives' from audit findings reduces exposure and strengthens the partnership between customers and enterprise software publishers. We look forward to discussing the work that ISG and Parsons did together to ensure low exposure and high reward."
To protect against costly and time-consuming software audits, Huber said firms should mount a strong offense in the form of a software asset management program that ensures licensing contracts adequately address risk at the outset and proactively manages the relationship with software vendors.
"Our session at ISM2019 will walk participants through software audit defense techniques, along with the entire software asset management cycle, starting with how to understand licensing entitlements and implement the right policies, processes, controls and organization design," he said. "The focus will include what to do if informed of an audit, and how to negotiate favorable audit terms in a software license agreement, for the maximum benefit of all parties."
More details about ISM2019 can be found on the event website.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
SOURCE Information Services Group, Inc.