Software Asset Management (SAM) is the practice of managing and optimizing the purchase, deployment, installation, maintenance and disposal of software assets within an organization (source wikipedia), with the aim of reducing business and legal risks, as well as software-related costs.
Software Asset Management is part of IT Asset Management (ITAM) and IT Service Management (ITSM), the two main groups that encompass a company’s IT.
3 effects of an effective software asset management (SAM) strategy
1. Reduce costs by eliminating unnecessary software and licenses
A Software Asset Management (SAM) process creates a return on investment (ROI) by identifying obsolete software solutions.
Once these have been identified, the company can replace these software solutions with more modern and efficient ones, or simply update them to ensure maximum productivity.
Implementing an effective SAM – Software Asset Management – strategy can also reduce over-consumption within a company, bearing in mind that many businesses waste a considerable amount of resources on under-used software.
In the USA, 36% of software in companies is under-used or unused.
2. Saves time
Another advantage of SAM – software asset management – is that it saves your employees time.
This process will help your employees to work more efficiently.
On the other hand, a poor SAM strategy can have negative effects, such as an unexpected audit, which will cause major disruption to your organization’s day-to-day activities.
IT is one of the departments for which the benefits of a well-managed SAM process will be considerable.
Software and licensing experts will be able to properly assess the software landscape and determine the number of licenses present and their location within your IT infrastructure.
Relying on a professional can help you save 20 to 40 hours a week, enabling you to work on larger daily demands.
3. Risk mitigation
Did you know that 65% of companies will be subject to an external software audit at least once a year?
These can result in huge and unexpected financial penalties.
To manage and resolve this type of situation, you’ll need to dedicate a large number of human and financial resources.
And you’re not alone!
90% of medium-sized companies have no effective Software Asset Management tools or processes.
Now that you know what an effective software asset management strategy can do, and how it can help you create a considerable ROI, we invite you to contact us to determine your needs and the software asset management solutions you need to implement.
