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To understand the total cost of ownership of software, one of the critical pieces that you need to understand would be the software license and pricing. There are several nuances of the licensing model with several variables that could impact your total costs. The licensing and pricing nuances could be as simple as whether you are buying a single-user or multi-user license, or it could be as complex as whether you would still be paying for your license if the user leaves the company.
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise in selling and procuring software packages to discuss software licensing/pricing. We also discussed several variables that executives need to review to understand their implications and how that would impact the total price. Finally, we discussed the difference between named vs. concurrent licenses and the nuances of consumption-based pricing.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Scaling Growth with AI, Enterprise Software, and Digital Transformation