Flexera releases Cloud License Management for cloud cost optimization

New product enables organizations to make the most of their cloud software investments

Flexera has released its Cloud License Management tool, aimed at helping organizations optimize their software costs in the cloud. This product, which builds on Flexera’s Technology Intelligence Platform, offers a unified view of cloud software spending and actionable insights for cost reduction.

According to Becky Trevino, Chief Product Officer at Flexera, cloud spending has been reported as the top challenge for organizations over the past three years. “With cloud software easy to provision and highly distributed, organizations need visibility to answer the simple question: how do we optimize software spend in the cloud? Flexera Cloud License Management provides organizations with confidence to forecast and manage cloud software spend, while ensuring they aren’t paying for things they already own,” she stated.

Software costs can account for as much as 25% of an organization’s cloud expenses. Mismanagement of cloud software can lead to inflated bills and regulatory risks. Sonal Gupta from Carlsberg Group noted that the product offers valuable recommendations that can significantly reduce spending.

Flexera’s Cloud License Management addresses the complexities of cloud software spend by providing insights into software running on public cloud services such as Amazon Web Services and Microsoft Azure. The tool details various licensing models, including pay-as-you-go and bring-your-own-license options.

This release marks a significant milestone for Flexera, aligning IT asset management with financial operations to optimize cloud-related costs. The tool allows organizations to track cloud spending across different dimensions such as vendor and cost center, analyze license usage, and identify opportunities to mitigate waste.

Flexera Cloud License Management is part of the Flexera One IT asset management and financial operations portfolio.