Software License Management allows you to consolidate your hardware and software license, usage, and inventory data to seamlessly track and manage IT investments and abandon Excel spreadsheets, find a product to automate software packaging, deployment, network auditing, computer power management, network protection and other network management tasks. Many software companies offer special licensing agreements to your organization as incentives for them to purchase and use software products.

Inventory management software is used to track inventory levels, sales processes, orders, and deliveries, software asset management enables end to end software life cycle management from a single platform to optimize software spend and reduce license compliance risk for instance the risk of indirect use Software license management; companies are more interconnected and digitally positioned than ever, however the process of digital transformation is putting them increasingly to the test.

A powerful asset management solution contains information about every piece of hardware in your company, every piece of software installed on it, when licenses for that software expire, and to whom or which department the hardware is assigned, and has the capability to manually and/or automatically assign cases to organization staff, for review and monitoring.

Companies are forced to conduct internal software audits to ensure compliance as well as be prepared for external ones initiated by software vendors, software license management protects time and money investments made in your software and increases ROI for your business.

Implementing a blockchain system for software license management can improve the traceability of software licenses throughout their lifecycle, managing all the moving parts in your IT environment can be time-consuming and difficult without the right tools, although where Saas and mobile has made all consumers familiar with new subscription and usage based purchasing, whilst business customers increasingly want to switch to concurrent licensing, making their license inventories easier to use and manage.

When your organization has a comprehensive and efficient license management program in place, it reduces costs and ensures that your organization remains in compliance, a tool helps you maintain your licenses-from the start of the application process from start to finished license authorization, giving ample time to proactively prepare for new licenses so software license compliance is not solely the responsibility of the staff and organizational unit where the software resides.

Categories: Articles