Why Do I Need a Software Licensing System?
Software licensing systems can help accomplish a multitude of business goals for software developers and vendors, allowing for increased software monetization potential.
In addition to allowing you to prevent unauthorized use and distribution of your applications, having a strong software licensing platform increases the software protection of your intellectual property, the software itself. By having a robust licensing solution integrated with your software you prevent threats like reverse engineering and piracy.
A sophisticated software licensing solution will provide you with the ability to track all usage of your product and features - providing invaluable business data as an added bonus to protecting your revenue and trade secrets.
Software licensing systems can also provide the tools to automate licensing with your back office CRM, ERP, marketing, and fulfillment operations, which makes managing your software portfolio easier and faster. Making sure your revenue is accounted for is a critical business need for software vendors. A software licensing system maximizes your revenue potential while efficiently managing your licenses and entitlements.
Should I Develop My Own Software Licensing Solution?
To a software developer, software licensing usually appears to be a fairly straight forward undertaking - but before taking a do-it-yourself approach, you and your development team should understand the many restrictions that even the most sophisticated homegrown licensing solution faces over time. In addition to providing packaging flexibility and compatibility with critical back office systems, software licensing solutions need to be ready for new security threats as they emerge.
Software licensing and product packaging go hand-in-hand. A software licensing system needs to easily support new licensing, packaging, and distribution models on the fly, which for a homegrown licensing solution, means frequent maintenance, changes, and upgrades, taking you away from your core competency. Furthermore, effective software protection requires specialized security skills that may not be readily available within every software vendor's development team. Acquiring these skills in-house - either through supplementary training or recruitment - can be extremely costly an time consuming.
Utilizing a third-party software licensing solution, like the products offered by SafeNet, allows you to focus on your core development expertise while having the peace of mind that your software investment is well protected and managed.
What Software Licensing Strategy is Right for My Organization?
The type of software licensing model you need greatly depends on your personal preference for hardware keys, software licenses, cloud licensing, or even a hybrid software licensing environment. The benefit of working with a software licensing company like SafeNet is that we have consultants ready to advise what platform best suits your specific software portfolio.
If youâ€™d like additional help choosing a software licensing strategy, SafeNetâ€™s Professional Services team can help you create one thatâ€™s right for your business.
Contact our Professional Services team today.
Why should I choose SafeNet's Sentinel Products?