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What is VeraTrust?

The main driving force behind SAM audits is the pursuit of financial profit, with vendors seeking to derive 30% of their earnings from these annual assessments. As a result, the number of audits has surged, supported by a Gartner survey revealing that 66% of organizations have faced audit requests. VeraTrust provides an extensive visual overview of the licensing environment, complemented by audit reports that aid in reconciliation, evaluation, and SAM self-assessments. In addition to merely executing audits, this methodology empowers businesses to reclaim control over their software assets and transform inefficiencies into creative solutions. VeraTrust's implementation of a blockchain-based system allows for precise tracking of software license assets between clients and vendors, significantly reducing audit disputes and compliance issues. This blockchain access not only improves the clarity of the licensing framework but also facilitates the creation of comprehensive audit reports for meticulous evaluation and self-review. By adopting this strategy, organizations can prevent the emergence of unexpected hard audits from software vendors, promoting a more transparent and manageable landscape for software compliance. Furthermore, by emphasizing efficient license management, companies can redirect their efforts towards maximizing their software investments, ultimately fostering an environment conducive to growth and innovation while navigating the complexities of the software landscape.

What is Factom Harmony Connect?

Businesses can take advantage of a blockchain-based data registry coupled with a verifiable credential system to guarantee that both data and operations undergo independent validation. By harnessing blockchain capabilities, companies can create entries that verify data was in a certain state at a specific time. Thus, authorized individuals can easily cross-check this information against the blockchain for authenticity. Changes to the data are readily apparent and can be swiftly detected by any system that has Connect functionality integrated. The Factom blockchain provides an immutable record by securely archiving timestamped evidence of data and files, which helps to prevent costly disputes. This information is permanently recorded on the Factom blockchain, making it accessible for examination whenever verification is needed. Serving as a solid public witness, the Factom blockchain ensures that entries are authenticated by a growing network of computers running the protocol, thereby affirming the reliability of their proofs. This capability not only boosts confidence in the integrity of the data but also cultivates trust among all parties involved in the process. Additionally, the transparency and security offered by blockchain technology can lead to improved collaboration and communication among stakeholders.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$100 per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

LevelBlox

Date Founded

2008

Company Location

United States

Company Website

levelblox.com/veratrust/

Company Facts

Organization Name

Factom

Date Founded

2014

Company Location

United States

Company Website

www.factom.com/products/harmony-connect/

Categories and Features

Categories and Features

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