Software asset management isn’t a priority field from the businesses perception. But, it is very important if a business uses it properly. That’s why in this post, we are going to study the benefits of SAM for businesses.
thearticle with the NHL retired legend Wayne Gretzky quote, “You miss 100% of the shots you never take.”
From the IT expert point of view, the same quote goes for software asset management. SAM offers numerous real and measurable money-saving opportunities to the businesses. Up to 30% of software spend cost can be adjusted with the proper asset management. However, still, a number of companies hesitate to adopt it.
Why companies are reluctant to use Software Asset Management?
Why? Well, for the starters SAM lacks the factor which associates it with other IT investment sectors. It’s simply on the hottest topic and is never discussed by the businesses on priority. However, apart from traditional IT people, few folks understand software asset management values and its benefits.
This case can be very easily explained using the example of hockey and football. To play football only ball and feet’s are required, on the other hand, to play hockey; skates, protective gears, stick, helmet and plenty of other things required. So, obviously football is more accessible, and that’s why people opt to play football rather than hockey.
The Top 5 Benefits of SAM
Generally, companies decide to implement software asset management comes when the cost of a software audit is revealed. However, CFOs apart from reducing your software budget, SAM can help the IT department in optimizing following operations;
#1. Cost saving
Software asset management gives organizations the opportunity to consolidate their software systems. It leads to more flexibility over the costs and information required to guide future investment decisions. The huge amount of cost incorporated on the software can be saved with the help of SAM.
#2. Penalties & fines avoidance
It is estimated by the report designed by Gartner that around 68% of organizations get one audit request per year. But, if the SAM has been implemented in the advance, then any license deficits can be recognized in advance and can be resolved. Therefore a software asset management system reduces the financial risk factor.
The core benefit of SAM is that it offers depth view of organizations present IT investment and how they are being aligned. It provides the strategic alignment for the organizations business objectives. Moreover, it looks at software metering and usage data allow business leaders to forecast their future IT requirements.
#4. Reproduce rather than buy new
As the position of employees being always changed in the software asset management system. Then, it offers a cost-effective framework and that’s why associated costs can be reused. This practice will reduce tremendous pressure from the IT budget of the organization anytime.
If you have tried to adopt the manual approach to track the software assets, then you have figured out that its an expensive, time consuming and always leaves room for errors. However, if this task is automated with the help of SAM, then around 50% of the administration task cost can be reduced. But, it is also a frees up resources to focus on higher values.
Well, software asset management is not getting the much-deserved attention in the companies, there’s nothing wrong in this statement. In a large organization, you will only spot one person focusing on SAM. So, guys, it reduces cost and minimizes financial risk factors, two prominent features to adopt SAM more in your IT business.