The same can be said of Software Asset Management, which provides firms with numerous chances to save money in the realm of IT. Actual, quantifiable savings. According to a recent survey, up to 30% of your software expenses.
Usually, the decision to introduce Software Asset Management procedures is made in a moment of panic following the disclosure of the results of a software audit.
Strategic Alignment
At its foundation, Software Asset Management provides a 360-degree perspective of an organization's current IT investments and how they are being used to line with its business objectives. Additionally, software usage statistics and metering data enable business leaders to predict their future IT requirements.
Hard Cost Reductions
It enables businesses to unify their software environments, which results in improved cost control and the data required to influence the next investment decisions.
The Advantage over the Competition
Manual software licensing tracking is frequently expensive, time-consuming, and error-prone. By automating this procedure, administrative work is reduced by at least 50% while freeing up resources to be used for higher-value projects.
Avoid Fines & Penalties
According to a study, 67% of organizations receive at least one audit request annually. But with SAM, any license deficiencies may be found out about and fixed beforehand, lowering the financial risk.
Astute business executives are becoming more aware of Software Asset Management and giving it the credit it deserves as a worthwhile investment that can cut IT spending. Starting SAM and making sure it's a strong and well-funded practice is crucial for any successful firm, according to Gartner.
