Software Asset Management Tool<\/a> (SAM)<\/strong> is a business strategy that aims to actively control and monitor the software any organization uses to conduct various business operations. In this article, we look to bring to light some of the best practices to implement software asset<\/a> management.<\/p>\n\n\n\n Firstly, why do you need Software Asset Management?<\/p>\n\n\n\n It\u2019s simple, really. You need Software Asset Management<\/strong> Too<\/strong><\/a>l <\/strong>because it provides visibility into how useful a software is for your organization. It can help your organization take the right decision at the right time regarding its usage, upgrade, exit, etc.<\/p>\n\n\n\n SAM also helps you:<\/p>\n\n\n\n SAM is an integral part of any IT management department.However, if you want to maximize its advantages, you must know about the best practices involved. Let\u2019s look at seven best practices for state-of-the-art Software Asset Management.<\/p>\n\n\n\n When you consider implementing a SAM program, get the buy-in from an experienced C-level executive. Engage with them during the early stages of the program so that they can provide a strong business case to optimize the overall IT costs.<\/p>\n\n\n\n If you look around for a SAM tool, you can easily get intimidated by the sheer volume of options in the market. It is important to ensure that theSAM tool is scalable and flexible enough to be aligned with your company\u2019s business model. It should also offer software license management<\/span><\/a> features with the capability to measure operational and financial metrics. At the end of the day, it must help your teams make all the decisions.<\/p>\n\n\n\n With the right SAM tool, you need the right skill set that understands every nuance of SAMtools – and how to effectively implement each of them. Therefore, choosing the right people for your software asset management<\/a><\/strong> is the key to SAM success.<\/p>\n\n\n\n You should set up key performance indicators or KPIs to measure the success of your SAM. Some of the important metrics include software utilization rate, the ratio of the total number of software licenses vs. the number of unused licenses, and the percentage and monetary value of licenses that the SAM team recycles periodically.<\/p>\n\n\n\n One of the key functions of the SAM tool should be to list out all the software that are currently used by your organization. Each software can be categorized based on its impact on your business, whether high, medium, or low priority.<\/p>\n\n\n\n Recycling software licenses must take precedence over buying a new one – wherever possible. For instance, when an employee leaves your company – you can allot the software license to a new employee without spending on a new license. This best practice can reduce IT costs to a huge extent.<\/p>\n\n\n\n You must periodically run SAM analysis like gap analysis to keep track of software with\/without licenses.Additionally, you must also conduct compliance analysis to separate over\/under-licensed software. It prevents your SAM from bad audits that can potentially cause harm to your organization\u2019s financial standing or reputation.<\/p>\n\n\n\n The global software asset management market is estimated to grow up to 2.32 billion USD by 2022.<\/a> In the current digitally-driven business scenario, you need a SAM tool that empowers your business with the right software license management<\/span><\/a> to take your business to new heights.<\/p>\n\n\n\n<\/span>Firstly, why do you need Software Asset Management Tool?<\/span><\/h2>\n\n\n\n
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<\/span>Best Practices for Software Asset Management Tool<\/span><\/h2>\n\n\n\n
1. Gaining C-suite support<\/h3>\n\n\n\n
2. Choosing the right tool<\/h3>\n\n\n\n
3. Building the right SAM team<\/h3>\n\n\n\n
4. Measuring SAM success<\/h3>\n\n\n\n
![\"Software](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2023\/06\/sam.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n5. Categorizing software assets<\/h3>\n\n\n\n
6. Recycling software licenses<\/h3>\n\n\n\n
7. Being audit-ready<\/h3>\n\n\n\n
<\/span>Conclusion<\/span><\/h2>\n\n\n\n