Software license management is a core part of IT operations. Properly managing software licenses can help organizations utilize their resources more effectively and avoid legal risks. Neglecting such a crucial responsibility can save valuable resources and efficiency throughout an organization’s IT infrastructure.
Organizations can benefit from adopting license tracking software to help keep their software licenses in check. Ignoring this isn’t an option; focus and care must be taken when handling software licenses. So, how can you tell if your organization needs license tracking software?
Here are four signs that your organization might need license tracking software, or you can visit Softimise for more information.
1: Spending Money on Duplicate Software Licenses
One of the most significant signs that your organization needs license tracking software is when you find that you’re spending thousands of dollars on duplicate software licenses. When organizations need a centralized system for tracking software licenses, losing track of what has been purchased and used becomes easy.
This can lead to situations where you purchase the same piece of software multiple times, thus wasting significant money. A license tracking software can help prevent this by providing a clear overview of all existing licenses and their usage status. With license tracking software, organizations can see all their licenses and avoid costly mistakes.
2: Struggling With Approvals for New and Existing Software Licenses
Securing approvals for new and existing software licenses can take time and effort. Without an efficient system in place, it can result in unnecessary delays and a lack of clarity.
A license tracking software can automate approval processes, ensuring all necessary permissions are obtained promptly and accurately. This saves time and ensures compliance with internal policies and external regulatory requirements.
3: Investing in Unused Software or Licenses
Another sign that your organization might need license tracking software is if you’re paying for software or licenses that no one is using. Unused software licenses represent a significant cost for many organizations. License tracking software can provide real-time visibility into software usage, helping identify new licenses and opportunities for cost savings.
4: Utilizing Spreadsheets for Efficient Software License Management
If your organization continues to rely on spreadsheets to manage software licenses, it’s advisable to contemplate a more streamlined approach. Although spreadsheets seem economical, they are susceptible to mistakes and can become cumbersome as your organization expands.
A dedicated license tracking software can offer a more robust, scalable solution for managing software licenses. It can automate many manual tasks associated with license management, reducing the risk of errors and freeing up time for other essential tasks.
4 Signs That Your Organization Needs License Tracking Software – In Summary
By investing in license tracking software, your organization can unlock many benefits. The advantages are plentiful, from cost savings to enhanced compliance and operational efficiency. If your organization is experiencing any of the four signs mentioned earlier, it is time to contemplate investing in license tracking software.
Softimise can provide real-time visibility into software usage and help manage software licenses more efficiently. Your organization will be well-positioned for success with a dedicated license tracking system.