Managed by forensic technology and discovery services arm, this tool is expected to considerably reduce the manual time and effort required to manage SAP software licences, EY said in a statement here.
"Today, businesses are operating amidst an enhanced risk landscape, and effective compliance is no longer just a good-to-have measure, but a norm," Paul Walker, Partner and Head (EMEIA), Forensic Technology & Services, EY said.
"As the influx of technology has permeated through to every division within the company, it has become inherently impossible to track information without automation.
Typically, non-compliance with licensing rules and disputes between the IP owner and user, could potentially amount to millions of dollars, it said.
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Globally, there has been an increase in the number of software licensing related disputes over the last year, EY said.
EY SAPPHIRE enables organisations manage issues in a centralised manner to mitigate financial, legal and reputational risks.
Some other compliance challenges companies face include wastage, unclear or incorrect licences, and integration of SAP and non-SAP applications, the statement added.