Software Asset Management

Today, when the worldwide Software Asset Management (SAM) industry has grown to billions of dollars per year, there is still a large section of the small and medium-sized businesses that are devoid of effective SAM protocols. According to experts, limited budget and overall lack of knowledge are the main factors that keep such businesses from adopting excellent and effective SAM practices and solutions.

Hence, we have decided to outline certain important tips that can help with successful SAM practices for your business organization.
Need for Software Asset Management

As businesses grow, the internal collection of software also grows in proportion. A time comes when it becomes too large for effective management without proper skills and expertise. The growth of an organization results in the assets becoming increasingly dependent on one another. There is an urgent need to set a rigid process for managing the organization’s software assets successfully.

A well-designed SAM program is needed as it helps organizations with:

● Minimizing IT costs
● Reducing manual overhead
● Optimizing software use in business

SAM is an integral part of today’s IT asset management and IT service management practices in business organizations. Typically, a SAM expert helps with identifying and minimizing risks associated with software licensing, creating software inventory which is present on all devices, clouds and data centers. It is largely concerned with evaluating and optimizing complicated software user license agreements and contracts to ensure complete compliance.

3 Tips for Successful Software Asset Management Practices

If you already have an SAM program in place, you can follow these tips to ensure optimal and effective SAM management for your organization:

1 – Senior Management’s Support

Ideally, the majority of the SAM team members should be at least C-level employees. This way, the main players in the organization are aware of every action and suggestion from the SAM team. This is also an excellent strategy to make collective business decisions within the software use parameters.

2 – Successful SAM Team Building

Human problems cannot be solved simply by using advanced technology. Despite having invested thousands in cloud tools to manage your organization’s assets, the lack of the right expertise in the team can nullify all your other efforts. Hence, a highly skilled and well-trained team of SAM programmers can help to mitigate risks and minimize IT spending drastically. Normally, an effective SAM team comprises of experts in positions such as Software Asset Administrator, Software Asset Manager, Software Asset Management Analyst, software Asset Management Consultant, Software Asset Management Specialist, and Director of Software Asset Management.

3 – Efficient SAM Tool Collection

There are several types of SAM tools available for organizations in the market today. You need to find the right tools for your requirements. A few pointers which help to choose the right SAM tools are:

● Flexibility – Can the tool be customized? Is it ready to be integrated into your existing business applications?

● Scaling – Is the tool designed to be scalable to the increasing requirements and demands of a growing business? It is durable enough to work across multi-cloud environments?

● License management – Are the software license management tools sophisticated enough to cover license optimization, reminders for contract expiries, etc?
Follow these 3 simple tips for ensuring successful software asset management for your business organization efficiently.


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