General Information About Software Asset and License Management

Software licenses and maintenance costs often make up a significant portion of the annual IT budget. Effective management, control and protection of software assets, optimizing their value and managing the risk associated with software license compliance are critical.

However, software assets are often not well tracked, with many organizations not knowing whether their license status is above or below the price they pay, resulting in significant unrecognized liabilities or unused (idle) products. Optimizing the management of software assets can help drive positive results and avoid unwanted surprises.

Many different functions are often involved in the processes of purchasing, installing, moving, renewing and destroying software assets. Ineffective governance, lack of standardization and automatic renewal and complex software regulations can lead to excessive costs, required investments and excessive licensing. Many organizations are unfamiliar with complex licensing issues, such as the software bundled with other product and service hardware, the wide variety of software licensing terminology, and the complex software rules that determine the product's terms of use. Apart from physical tracking of software assets, optimization and management of each software product used by the organization according to the general terms of the contract is a completely different task.

As a result, there are significant risks to your company in terms of financial, legal and regulatory issues or excessive licensing. Even in well-controlled IT departments, unlicensed software, unapproved purchases, or simple misunderstandings about distribution rules often go unnoticed for years until software companies audit them.

In this case, MOS Academy's Software Asset Management (SAM) services will help you. Our experts provide services for license optimization, financial and compliance risk reduction, and control of software assets for many software assets.