Another risk that is often overlooked, is software that has reached its so-called "end-of-support". These software packages have the potential to make an organization vulnerable as there will no longer be any updates for them.
Emergencies occurring with software past its end-of-support can cause huge problems, especially when critical systems rely on it. When these older versions can no longer rely on updates and support from suppliers, it isn't just an inconvenience for the companies that paid for a maintenance contract.
To prevent these problems, the COMPAREX Portfolio Management Platform provides a complete overview of software that will no longer receive support in the near future, enabling a company to be proactive. As an example, the upgrade to a new edition can be scheduled on the project calendar. Anticipating the situation makes the risk more controllable, and potentially avoidable.