22 Best Software Asset Management Solutions In 2024 | Infraon

By Author: INFRAON
Total Articles: 1
Comment this article

22 best Software Asset Management Tools in 2024: SAM Tools and Solutions

As an IT-focused business leader, it is essential to keep track of your software so that you know exactly what you have, where it is running, and what you require.

From managing finances to engaging with clients, technology is crucial to running your business.

But how often do you audit the software assets that support your business operations? Do you utilize the full potential of your IT stack? Or do you use ineffective tools that cost you time and money?

Whether you are worried about a software audit, involved in contract negotiations with a software vendor, or just want to cut costs on the software you have already implemented, a software asset management platform can prove incredibly useful. It can help your company reduce expenses, promote better vendor relationships, and enable you to successfully install new software into your system with the assurance that it is being handled correctly.

Let’s explore more about software asset management and discover how it can empower your organization to thrive in the digital ...
... era.

What is Software Asset Management?
Software Asset Management (SAM) is a strategic approach to managing an organization’s software assets throughout its lifecycle, from procurement and deployment to usage and retirement. It involves systematically managing software licenses, entitlements, and deployments to ensure compliance with licensing agreements, optimize software usage, and achieve cost savings while minimizing legal risks.

Software asset management platform encompasses a range of activities, including software discovery, inventory, and normalization; license tracking and reconciliation; software usage monitoring and reporting; license optimization and procurement; vendor management; and policy enforcement. It enables organizations to gain visibility into their software assets, understands their usage patterns, and make informed decisions about software licensing and procurement.