A large number of academic institutions are in possession of old software licences that they either have forgotten about or presume are not worth anything, but did you know that they could actually be resold back to a vendor for a reasonable price?
If your academic institution is sitting on unused volume licences, this can be a valuable asset that you can sell on to a trustworthy vendor to recoup some of your original costs.
Common Errors In Software Licence Management
One of the main goals of software licence optimisation and management is to prevent harmful software audits and ensure software licence compliance. The focus of software asset management, and probably rightly so, tends to be on what software is currently in use rather than the total licensing estate that the organisation has acquired over the years. The software in use is only the tip of the iceberg and below the surface, there could be a large amount of licensing that has been discarded as it is no longer needed or it is felt that it holds no value. This is common when institutions replace existing software with new versions, go through changes in staffing numbers or even just simply end up over-ordering.
Many organisations have optimised their licences through improved server consolidation or better processes, still ensuring full compliancy, so licence consumption in some areas is reducing (increased server virtualisation, for instance) and institutions are left with multiple unused licences that could be resold to generate much needed additional revenue. These additional funds could then supplement already tight budgets for future purchases or reduce the financial burden of current ones.
The Benefits Of Selling Unused Software Licences
Selling redundant software licences gives the ability to release capital back into your organisation. As software manufacturers are trying to move academic institutions to a cost structure based on operating costs via subscription rather than capital investment in perpetual licensing, the window of opportunity is closing as these assets continue to depreciate. For instance, an organisation that has moved to Office 365 from Office 2016 Pro Plus may be surprised by the value they can reclaim from their initial investment. Even Office 2013 still holds some value but once a new version is released, interest in these older versions will wane, as will their value. Discount-Licensing can help you with your software management with our free remote audits to identify your full licensing estate. Once you have identified what you need and what you don’t, you can dispose of what’s no longer required, streamline your spending and invest back into your institution.
Get In Touch With Discount Licensing Today
If your institution is sitting on unused licences, get in touch with our friendly team at Discount-Licensing today and we can offer you an all-in-one solution for releasing their value.
To find out how much money you can make from reselling your disused licences, give us a call on +44 (0)1283 511524 or fill in our online form and we can offer you a free audit.
Image source: Pixabay