Why Software Asset Management (SAM) is Important?

Organizations often have hundreds or even thousands of software licenses installed on their computers. Without an inventory list, it can be difficult to determine which licenses are being used by employees and what software has been installed on each machine.

Here we come across a concept whose importance and popularity is increasing day by day for companies: Software Asset Management.

What is Software Asset Management (SAM)?

Software Asset Management (SAM) is the business process for tracking, managing, and measuring software assets. SAM is the identification, acquisition, maintenance, and disposition of software licenses. SAM helps you keep track of the software in your company to make sure it's working as well as it can Software Asset Management cannot be successful without the right people, processes, and technology.

The main goal of SAM is to ensure that all software licenses are being used properly by employees and contractors. SAM also provides visibility into license costs so you can make informed decisions about software purchases.

Software Asset Management is also part of IT asset management (ITAM) and enterprise asset management (EAM).

The main objectives of Software Asset Management are:

To track the use of licensed software products by individual users or groups of users.
To ensure compliance with license agreements by monitoring license key usage patterns against licensed copies in the environment.
To maintain an inventory of software assets in an organization's data center and to report on the status of license compliance for each asset.

What isn't Software Asset Management (SAM)?

Software Asset Management (SAM) is not a one-time and a one-person job.
Software Asset Management (SAM) is not just about audits.
Software Asset Management (SAM) is about many tools. Not just about a tool.

Importance of Software Asset Management (SAM)

The goal of Software Asset Management is to ensure that organizations are using the right amount of software at the right time and paying only for what they need to operate efficiently.

The failure to manage the use and cost of software can lead to wasted money, lost productivity, compliance problems, security risks and even legal issues. Two of the main and most important aspects of Software Asset Management (SAM) are cost savings and risk mitigation.

Cost Savings:

Effective use of the software.
Provides purchase and license discounts.
Software Asset Management (SAM) makes cost planning.
Software Asset Management reduces costs.
Software Asset Management (SAM) makes budget planning.
A good Software Asset Management (SAM) allows you to identify reuse opportunities by continuously monitoring usage.
Software Asset Management (SAM) helps limit rogue purchases and potential chargebacks.

Risk Mitigation:

Legal risks are avoided with current licenses.
Finding faulty and unsupported software.
You can know which and how many software assets need a security update.
Software Asset Management (SAM) reduces compliance exposure.
When auditors come, they will find that you are paying for what's being used.
The reduced risk from practicing good SAM will save your organization from any and all potential legal and financial liabilities.

Benefits of Software Asset Management (SAM)

SAM makes it easier for IT managers to manage the software that is in use by their organizations. This helps them avoid problems with unlicensed or unauthorized software use, which can lead to fines and other legal action. It also helps them ensure that all computers are running the most current version of any software they need to be installed on them.

SAM can be used to monitor software licenses and help you stay compliant with your licensing agreements with vendors. This means reduced risk of getting caught using pirated or unauthorized copies of software programs.

Software Asset Management can help you reduce costs by making sure that you only buy licenses for programs that are actually being used within your organization's network.

Software Asset Management (SAM) greatly reduces man-hours and limits business disruption caused by audits.
Software Asset Management (SAM) makes easier IT processes
In order to develop future software needs, data used in the past are analyzed.
Provides creative ideas to generate revenue from your existing customers.
Worker productivity can improve with the right technology kinds.

You have to know exactly what you have, so you know exactly what you need. This will both make you successful and make your business life easier.

Software Asset Management Tool

SAM software solutions help organizations manage their software licenses by tracking license usage against the number of seats or users. This information can be used to forecast future requirements, manage compliance with vendor agreements, and reduce the cost of software ownership.

Loggle, an IT Asset Management solution, provides a platform that facilitates software asset management of enterprises. With Loggle, you can track the lifecycle of your software assets and optimize your IT costs. Loggle also provides valuable insights into how your organization uses software and how you can improve your overall IT management strategy.

You can contact us for detailed information and a live product demo.

Strategic Benefits of Software Asset Management

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