Software Asset Management – How 7 Best Practices Helps Your Business-ngdesk.com

1. Software Asset Management – How 7 Best Practices Helps Your Business According to a recent study, the software asset management market is growing to 2.32 billion by the end of year 2022, as the asset management becomes highly dependent on each other. It also needs a set of rigid processes for their governance and the demands for a well-crafted SAM (Software Asset Management) program act as a core functional area of IT asset management that minimizes IT costs, manual overhead costs and optimizes the usage of software assets within your organization. SAM (Software Asset Management) is a quintessential part of IT asset management practices in an enterprise, as it mitigates risks associated with the software licenses, established a software inventory device, data centers, the cloud, and also involves the evaluation and optimization of complex software license agreements, contracts thus ensuring compliance. Let us now deep dive into the best practices for software asset management as follows: 1. Support from senior management: In simple words, the senior-most leaders of your software asset management program can be a c-level executives, and ensures that the stakeholders and key influencers in the decision-making process of your organizations are well informed about your software asset management strategy, as these stakeholders lie outside your department and might not necessarily understand the importance of piloting a separate program for SAM (Software Asset Management). Gaining executive buy-in and endorsement can go a long way in implementing the SAM (Software Asset Management) strategy in your organization, as it engages them at the early stages of the process, building a strong business case while highlighting cost savings and communicating why it is essential for achieving an optimal total cost of ownership. 2. Choosing the right tools: Numerous tools in the market tend to fulfill the best software asset management needs of organizations of all sizes, thus, finding one that fits your unique needs can be a tedious process and ask yourself these basic questions: Flexibility: Is the tool customizable? Does it offer integrations with the existing applications in your IT ecosystems? Scalability: Does the tool allow for flawless services and support as the organization scales? Is it strong enough to operate across multi-cloud environments? Software discovery: Does the SAM possess a superior asset discovery tool that detects even virtual and mobile instances of software, and how easy is it to deploy in your environment? (Know More) Follow US