Nowadays, the organizations use the different security tools for maintaining the database, increasing the productivity, financial management, customer relationship management, and more. So, maintaining all these software applications is also very important. These different types of software are known as the software asset. According to the present IT law, a software license is mandatory for using the software. Even, this license must be renewed for accessing the most recent version of the software. In this case, a software asset management tool or a software licensing program can help to maintain the software license agreements.
Different works of a software asset management tool-
- A software asset management tool or a license management application monitors the several numbers of the software in an organization, and collects important information about the software.
- After that, it analyses all the information and stores them. This is called the software database. Software name, vendor’s details, license number, expiry dates, etc. are the main information.
- This database is really helpful to find out the license expiry date. So, the users can renew the license agreements accordingly.
- One of the main benefits is that this application can identify the pre-installed software, licensed software, and unlicensed software. It helps to fix the future financial budget.
- The software vendor can trace the unlicensed software during the software audit period. But, using a Software licensing tool helps to be software license compliances and maintains the relationship with the software developers.
Every time, various types of software applications are coming to the market. An Automated License Management tool is one of them. Even, this automated tool is available along with the different software. The license manager application can be used by the end-user organization and the software vendors.