Follow these steps to minimize the sting of an audit

Software vendors are on the prowl, looking to collect on companies who are out of compliance. Gartner estimates 68 percent of organizations will receive an audit notice in the next 12 months. That’s terrifying considering that:

• 65 percent of organizations have no written policies on the use of unlicensed software
• More than half of organizations say they’ve been audited multiple times
• The average true-up for companies with over $50 million in revenue is $263,000
• Settlements typically range from 40 to 60 percent of the original demand