What is Benchmarked License Spend?
Benchmarked License Spend compares your current license costs and allocations with peer companies and industry benchmarks, enabling smarter negotiations and value assessment.
Why it Matters
It empowers procurement and IT leaders with comparative intelligence, ensuring organizations are not overpaying for licenses or under-utilizing them compared to industry standards.
Benefits
- Industry benchmark comparisons
- Identifies overspending opportunities
- Enhances vendor negotiation strategies
- Increases cost to value transparency
