Licensewise

Licensewise is a software company that provides license management solutions. Their primary product is a platform designed to help businesses track, manage, and optimize their software licenses. This includes features for identifying unused software, ensuring compliance with license agreements, and negotiating better terms with vendors.

The company aims to address the challenges businesses face in managing a growing number of software subscriptions and perpetual licenses. These challenges can include cost overruns due to over-licensing, legal risks associated with under-licensing, and inefficient IT resource allocation. Licensewise's platform typically offers a centralized dashboard for visibility into an organization's software assets.

Key functionalities often found in Licensewise's offering include license discovery, usage monitoring, contract management, and reporting. By analyzing software deployment and usage data, businesses can gain insights into their actual software needs. This information can then be used to make informed decisions about purchasing new licenses, renewing existing ones, or reallocating underutilized software. The goal is to reduce unnecessary expenditures and mitigate compliance risks, thereby improving the overall return on investment for software. The company serves a range of industries, catering to businesses of various sizes.