License management
Maximize your software investments, reduce wasted resources, and gain control over your licenses, all while savings costs, with effective license management.
License management is the process of overseeing and controlling the distribution of software licenses used within an organization. With effective monitoring, you will ensure you’re gaining maximum value from all software while preventing underutilization of resources.
All software includes a license that outlines its usage rules, conditions, eligible users, duration, and more. It’s crucial to follow each license’s terms. License management ensures that not only are license terms adhered to, but that each license is fully optimized based on your organization’s software, users, and requirements. This way, you will prevent overspending while getting maximum results from your software.
Software license management best practices
Aside from software license management solutions, there are best practices you should follow when it comes to license management.
License management is all about knowing what you have and tracking every license, whether it’s a rarely used tool or a critical piece of software. Keeping an updated inventory helps you stay on top of renewal dates and usage rights, as well as helping you catch licenses that are sitting unused.
License management tools help by tracking and managing licenses for you. Also, setting up some basic rules and educating your team on the dos and don’ts when it comes to license management will prevent challenges down the road. It’s all about staying in control.
That’s a lot to take in, so just remember these three points:
- Track everything
- Use what you pay for
- Stay compliant
