September 7, 2016
Audit services are delivered to Intellectual Property right holders as an integral part of the compliance function. The goal is to ensure that licensees comply with their license agreements, and provides an opportunity for software vendors to improve transparency. This is done through fact-based license reviews and reinforces the licensee’s understanding and awareness of their licenses, while proactively addressing any potential shortfalls.
Our audit services are focused in two areas:
Licensing obligations and royalties. To carry out this process, Seven Eighths analyzes a user’s license agreement and ensures that it is being followed correctly according to agreed-upon terms. These audits are often centered around financial compliance and will involve looking at purchases and records. Our auditors work to ensure that the data being provided is factual.