Cloud License Management is a new Flexera application built upon our Technology Intelligence Platform – the next-generation data and analytics platform for Flexera One. Cloud License Management bridges the gap between IT Asset Management (ITAM) and Financial Operations (FinOps) by delivering actionable insights and granular visibility into cloud software spend and usage so that you can optimize cloud software costs which now represent 25% of cloud bills1.
Why is cloud software licensing so complex?
Cloud providers offer pay-as-you-go (PAYG) and bring-your-own-license (BYOL) for major software operating systems and databases. The cost of PAYG software is often significantly higher than a customer’s negotiated discounts with the software vendor or even licenses purchased from resellers. However, for cloud instances with short run times, PAYG can offer savings. Choosing the most-cost effective option requires analysis of software contracts, current license position, instance cores, and instance run times. Complicating matters further, license compliance can become a big issue when attempting to utilize BYOL benefits in the cloud. Without proper reporting and Cloud License Management which integrates IT Asset Management (ITAM) and Financial Operations (FinOps) tools capable of processing entitlements and cloud billing data, you risk costly software audits and significant true-up expenses.
Schedule a demo today and see how much more you can save on your cloud environments.