What is Software Asset Management Software?

In today, many businesses still use spreadsheets to record and track their assets. This manual method is both time-consuming and has a high margin of error. Keeping track of thousands of assets via spreadsheets is like a nightmare. Managing company assets with these traditional methods leads to energy loss while reducing efficiency in companies.

Company employees spend 4 to 5 days a month transferring assets manually to the spreadsheet. However, employees spend their valuable time in this way instead of developing business processes and strategies for the benefit of the company. It is a great advantage for businesses to use Software Asset Management Software to eliminate losses such as time and productivity loss. That is why Software Asset Management is a necessity for companies.

Let’s examine a lot of information about Software Asset Management and Software Asset Management Software together.

What is Software Asset Management (SAM)?

Software Asset Management (SAM) is a methodology to manage company-related software and licenses. It is a business strategy that tracks all processes of SAM software licenses and minimizes costs. Software Asset Management helps companies save money. However, companies should decide which assets to manage before using the Software Asset Management method. The company needs to identify software assets and determine asset costs. In this way, businesses can profit from Software Asset Management. Choosing the right asset helps companies operate at maximum efficiency for a long time and reduce costs. Apart from these, there are many benefits that Software Asset Management provides to companies.

Advantages of Software Asset Management

Instead of manually managing company assets, implementing Software Asset Management provides many benefits to companies. These advantages are as follows:

• Cost Saving
• Security Risk
• Productivity
• Asset Control and Audit

Cost Savings

Companies renew existing assets or purchase new assets each year. This situation leads to a waste of money this is because businesses do not have detailed information about their assets. SAM provides the management of assets while procuring license agreements in line with the needs and requirements of the organizations. Therefore, the company gains cost savings.

Security Risk

Software Asset Management shows who has network access while managing all company assets. Security risk is minimized by controlling company networks. Moreover, as the audit process is improved with Software Asset Management, the accuracy of financial reports also increases. Thus, the share of confidence in financial reports increases and network breaches viruses, etc. the security risk is eliminated by blocking malicious software.

Productivity

Software Asset Management helps company employees avoid wasting time. Productivity increases with software that works correctly in business. At the same time, SAM reduces the workload and keeps employees motivated. Productivity is maximized in a company where employees are happy.

Asset Control and Audit

The margin of error is high in the asset control performed with the manual method. It takes more time and effort as it is necessary to transfer thousands of assets to spreadsheets. However, asset control is easy with SAM business process and the margin of error is low. In the same way, Since Software Asset Management provides regular auditing for company assets, it is easier to get accurate information about assets.

What is Software License Management (SLM)?

What is Software Asset Management Software?

Software Asset Management Software is a business solution that makes software asset management processes more systematic and enables companies to manage them on a single platform. Software Asset Management Tool realizing the life cycle of assets, tracking, auditing, etc. it is a type of software that makes it easy. Software Asset Management Tool automatically controls assets and helps companies make profits while increasing internal efficiency.

What are the Challenges for IT Asset Management?

Why Businesses Need Software Asset Management Software?

Businesses make substantial profits using Software Asset Management Software, this provides a great advantage for businesses. This software saves money for businesses and money for customers who use the software. While SAM prevents spending more money than is needed, companies own assets according to their needs.

Companies maximize their investment using Software Asset Management Software. The software takes control of assets and manages the process correctly. With SAM, companies understand software without manual effort. In this way, it becomes possible to understand licenses and software and avoid wasted time.

The biggest reason for the success of companies is to know the assets and to determine their needs. Workplace productivity and employee motivation increase when businesses have all these. Software Asset Management Software plays a critical role in determining a company’s needs by obtaining precise information on assets. Having this software saves businesses money, time, motivation, etc. and enables them to be successful in every business area. It also gives businesses a clue at future business strategies and investments.

Companies experience authorization and obtaining an effective license by applying SAM in their business processes. SAM sets license criteria that seem complicated. Moreover, SAM turns audits into a daily process while companies dedicate significant time to auditing on a regular basis. In this way, while the software process is in harmony, software controls and process mastery are facilitated.

Loggle provides a Software Asset Management platform. Explore Loggle to manage your software assets and their licensing processes like a conductor.