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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 Neocor Fusion Ledger?

Gain a holistic perspective of your software and IT asset landscape. This functionality empowers you to reduce costs and address risks related to software entitlements, usage, deployment, decommissioning, and overall compliance. By consolidating all licensing entitlements from enterprise agreements, purchases, and supplementary records, you can guarantee adherence to software compliance and reduce the chances of facing audits. Furthermore, it helps in identifying underutilized software licenses, providing valuable recommendations for license reclamation and reassignment. You are equipped to align contracts, purchasing data, and entitlement details with standardized inventory metrics, which is crucial for maintaining precise records. This tool also facilitates effective monitoring of changing software license structures. Additionally, it includes a user-friendly shopping catalog designed specifically for end users. By improving visibility into your organization's software licenses across on-premise, cloud, and SaaS environments, you can swiftly pinpoint unused programs. It also enhances the efficiency of calculating license utilization and automatically reconciles Effective License Position (ELP) reports, ensuring your software management remains both efficient and compliant. In conclusion, this comprehensive solution not only optimizes software asset management but also empowers organizations to make informed decisions regarding their IT investments.

Media

Media

Integrations Supported

Integrations Supported

Amazon Web Services (AWS)
Google Cloud Platform
Microsoft Azure
Oracle Cloud Infrastructure

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$5 per user per month
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac
On-Prem

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

LevelBlox

Date Founded

2008

Company Location

United States

Company Website

levelblox.com/veratrust/

Company Facts

Organization Name

Neocor Technologies

Date Founded

2020

Company Location

United States

Company Website

www.neocor.io

Categories and Features

Blockchain

Not specified

Categories and Features

IT Asset Management

Asset Tracking
Audit Management
Compliance Management
Contract/License Management
Cost Tracking
Depreciation Management
IT Service Management
Inventory Management
Procurement Management
Requisition Management
Supplier Management

License Management

Automatic SKU Recognition
Central LM Server
Copy Protection
History Tracking
Online Activation
Sarbanes-Oxley Compliance
Timing Rights

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