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.

Integrations

No integrations listed.

Screenshots and Video

VeraTrust Screenshot 1

Company Facts

Company Name:
LevelBlox
Date Founded:
2008
Company Location:
United States
Company Website:
levelblox.com/veratrust/

Product Details

Deployment
SaaS
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

VeraTrust Categories and Features