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Is SQL Server REALLY cheaper in Server and Cloud Enrolment?

So, you were told, "Sign a Microsoft Server and Cloud enrolment, and your SQL Server licences will be discounted". But did they explain the drawbacks? Will it be really cheaper?

Microsoft Server and Cloud Enrolment - SCE - is one of the two enrolments in a Microsoft Enterprise Agreement.

It is possible to get discounted SQL Server licences, but there are strings attached, and you may be better off utilising your legacy SQL Server licences.