Software License Management Benefits
There are many benefits to knowing how to manage software licenses. SLM can be used as part of a strategy to ensure full compliance with software licenses. This ensures a company conforms to every End-User License Agreements (EULA).
Having a comprehensive software license management system is the first line of defense for protecting a company and its reputation. That’s because a company is at risk of fines or legal action if it runs even a single device with unlicensed software.
Effective SLM is also a valuable tool for reducing costs and wasteful resource usage. Many companies don’t know which software or programs they have bought, where they are installed and even if they are being used. By implementing a global approach to software licensing management, companies have up-to-date and accurate data about all their software assets. This approach prevents waste and also allows them to allocate resources where they are most needed.
In addition, using the right software license control, whether that's a software licensing service or software license management tool means that most of the day-to-day minutiae involved in application license management can be handed off and be automated. Using a software license management system also eliminates human error and allows for better reportage and tracking than a spreadsheet-based system, for example.