Software Assets Management: A Cost Saving Factor

Software Asset Management (SAM) is a practice which handles the management of software assets efficiently within an organization. It is a critical enabler that encompasses almost all core processes in an organization. Software licenses currently account for about 20% of typical IT costs, and the already pervasive use of software continues to rise. It is illegal to use unlicensed software and it could end up with material financial penalties if your organization falls short in terms of licensing requirements. Organizations pay heavily on software that is not yielding result or beneficial to them. However, they lack the ability to manage the whereabouts of software once it is assigned to a resource. This paper presents approaches on managing software assets. The result is a tool that eliminates software redundancy, duplicate and enhances efficient control and management of software assets.