Case Study: DBS Bank achieves audit-ready software compliance and major cost savings with Flexera

DBS Bank cuts $15M audit claims to $200,000 with Flexera

DBS Bank, a multinational banking and financial services corporation, faced significant challenges with software vendor audits, which were disruptive, resource-intensive, and often resulted in demands for millions in penalties. Without a Software Asset Management (SAM) process, they lacked visibility into their license position. They selected Flexera and implemented FlexNet Manager Suite for Enterprises to gain control and proactively manage their software assets.

Flexera's solution provided DBS Bank with accurate software inventory data and best practices, enabling them to establish firm audit policies and optimize their software spend. The results were substantial; for instance, Flexera's data helped them reduce a $15 million audit claim to a $200,000 true-up. DBS now operates from a position of strength during audits, saving money and managing software more effectively thanks to Flexera.

DBS Bank