Software applications deployed within an organization is considered a part of the entire IT infrastructure. Software assets are crucial to organizations as major investments are made to purchase software licenses and upgrade the existing ones. Therefore, software asset management becomes an important aspect of IT infrastructure and affects an organization’s monetary resources.
The key areas that come under software asset management are as follows:
Check the requirement for new software licenses
Fill tenders for software licenses
Procure the licenses
Deploy software applications
Keep an eye on the places of deployment of software applications
Upgrade the existing software assets
Curb illegally downloaded software and
Lepide Software Asset Management software has been developed for the very purpose to help organizations handle all the above mentioned factors. Since, business changes dynamically, it becomes important to thoroughly analyze the actual requirement of licenses and software applications so that redundant costs are eliminated.
However, a sophisticated software asset management system effectively manages all the software assets deployed within an organization along with their licenses. Furthermore, such a system also helps in meeting the compliance standards and legalities imposed by regulatory bodies. With a well constructed software asset management tool, the scope of redundancy and legal risks gets reduced. This is because licensing and IT teams are able to analyze the actual situation properly which in turn help in forecasting the procurement path. With correct analysis, organizations are able to curb wasteful expenditure and thus strengthen the infrastructure.
Software Asset Management systems also help organizations in executing internal software audits, where they are able to detect probable breaches in terms of compliance standards set by licensing bodies. With proper tools, reliable software audit reports are generated which would save organizations form financial losses. Therefore, managing software assets contributes to the improvement of infrastructural conditions by complying by the licensing standards.