The official business definition of a Software Procurement Policy Template is a document that outlines the procedures and standards for acquiring software for an organization. It provides a framework for organizations to ensure that the software they acquire meets their needs and is cost-effective. The template should include a list of criteria that should be considered when selecting software, such as compatibility with existing systems, security, and ease of use. It should also outline the process for evaluating and selecting vendors, including criteria for vendor selection, contract negotiation, and payment terms. The template should also include guidelines for the ongoing management of software, such as software updates, maintenance, and support. By having a Software Procurement Policy Template in place, organizations can ensure that they are getting the most out of their software investments.