Why software asset management is worthwhile for companies

03.12.2020

Why software asset management is worthwhile for your company

 

Are you keeping an eye on your software? Even if it doesn't seem like it: Software Asset Management, or SAM for short, is a topic that not only affects large companies, but should also be worth a look for a remarkable number of small and medium-sized companies. Read this blog post to find out why it is worthwhile for companies of all sizes to include software asset management in their corporate planning.

Software asset management is particularly profitable for large or diversified companies. In the globalised world, many companies have their headquarters not just in one place, but spread across borders and continents at different locations, or even different departments located just a few streets away from each other. Regardless of your situation, the more participants are integrated into a network and the more different software is in use, the more challenging it becomes for IT administration to manage the assets. This should be a top priority, especially in areas such as hospitals, public administration or large banks, for example, where transparent processes are particularly important, in order to save the IT administration in particular from stressful assignments.

 

Opportunities for small companies

However, small and medium-sized companies also benefit from this clever way of amortising their investments, as expensive software or hardware is an item that should not be underestimated in tight budgets. The acquisition and updating of new software and its licences can also become an enormous cost factor. With Software Asset Management, you can keep track of when, how much and which software you already have in use. It also makes planning for future rollouts easier. The advantages of asset management in the software sector are therefore obvious:

  • Cost savings
  • Legal certainty during audits
  • Planning of licence requirements
  • Effectiveness

With the help of these key points, clear company guidelines can be defined on how to proceed with the distribution and use of different software.

 

Overview thanks to software asset management

Unwanted installations often lead to under-licensing, especially when software assets are recorded in a company. Additionally purchased hardware, especially in the mobile sector, can also lead to too few licences being available for various programs. Such "uncontrolled growth" and the resulting shadow IT can quickly become a problem for IT teams. The all-important overview that makes for successful administration is quickly lost, as expensive over-licensing can also be prevented by software asset management. Conversely, unpleasant surprises during audits can be prevented in this way.

A particular example of the successful use of software asset management in the IT sector is the use of a comprehensive client management solution. This situation is often found in hospitals or in the development and planning sector, where sensitive and expensive software is used to analyse large amounts of data. Through the consistent use of asset management, not only can an efficient working and research environment be created, but the utilisation of corresponding expensive software licences can also be planned and implemented.

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