Top Software Asset Management Platforms for Boosting Business Efficiency

With the development of digital transformation, companies rely on their IT environments to operate. As firms acquire more software to boost productivity and assist business processes, software asset management has become crucial for streamlining operations and reducing expenses.

According to QKS Group, Software Asset Management Tools are projected to grow at an 18.25% CAGR by 2028.

In this blog, we'll look at what is software asset management and introduce the finest software asset management platforms for organisations growth.

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What Is Software Asset Management?
Software asset management (SAM) is a collection of methods and techniques for managing an organization's software assets over their entire lifespan, including acquisition, deployment, optimization, adoption, and maintenance. SAM include strategically optimizing software licenses, reducing risks connected with software usage, and maintaining compliance with licensing agreements and legal requirements.

It also entails promoting end-user adoption of software programs through contextual training and support. The objective is to cut expenses, restrict your organization's risk exposure, centralize software decision-making, and maximize ROI from these applications.

Best Software Asset Management Software Tools
It is always essential to examine and choose the SAM tool that is most appropriate for your organization's unique objectives, requirements, and budget. You may make an informed selection by conducting comprehensive research and taking into account criteria such as features, scalability, convenience of usage, vendor support, and cost-effectiveness.

Let's look at some of the best software asset management (SAM) tools:

Microsoft Endpoint Manager
Microsoft Endpoint Manager enables enterprises to manage and protect their endpoints from a single management dashboard, including Windows PCs, Macs, iOS and Android smartphones, as well as additional endpoints including servers and IoT devices. It integrates mobile device management (MDM), mobile application management (MAM), and endpoint configuration management capabilities into a single solution, giving enterprises a complete set of tools for managing and securing their endpoints, apps, and data.

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ServiceNow
ServiceNow Asset Management software is a SAM platform that enables teams to manage and track software licenses throughout their enterprise. IT and software activities may be controlled throughout the employee lifetime to guarantee correct utilization and meet offboarding needs. The platform is user-friendly and has a variety of functions. Its contract administration tools are simple to use, with automatic approval and renewal processes as well.

Symantec Asset Management Suite
Symantec Asset Management Suite is a software package that enables enterprises to efficiently and effectively manage their IT assets. It gives complete visibility and control over an organization's hardware and software assets, helping IT teams to improve asset utilization, cut expenses, and assure software licensing and regulatory compliance.

Oomnitza
Oomnitza is a holistic corporate technology management system for asset management and workflow automation that enables IT teams to manage operations and digital assets. This scalable platform includes pre-built automation apps, low- and no-code operations, and a large integration library. According to Oomnitza, customers save 70% of their time preparing for IT audits and 35% on redundant SaaS and cloud spending.

Organizations worldwide are increasingly adopting Software Asset Management (SAM) tools to optimize their software investments and ensure compliance with licensing agreements. SAM tools help organizations manage their software assets efficiently, from procurement to retirement, by providing a comprehensive view of software usage and license entitlements.

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By implementing SAM, organizations can maintain an accurate inventory of their software assets, prevent unauthorized usage, and avoid costly penalties for non-compliance. The Software Asset Management (SAM) tools Market Share, 2023, Worldwide research and the Market Forecast: Software Asset Management (SAM) tools, 2024-2028, Worldwide report are critical for acquiring a complete understanding of these emerging threats. The firm largely relies on QKS reports to obtain in-depth market knowledge, identify emerging attack trends, and uncover potential vulnerabilities.

These solutions provide real-time tracking, usage analytics, and automated license management to quickly identify and address compliance issues. Additionally, SAM tools offer detailed reporting and insights, enabling organizations to make informed decisions about software purchases and renewals. As software ecosystems become more complex, SAM tools play a crucial role in maximizing software value, reducing costs, and ensuring regulatory compliance.

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Conclusion
With the proper understanding of the tools that demonstrate successful and efficient software asset management, you can enhance efficiency and save money while also building a dynamic and flexible IT environment that helps your firm improve important KPIs.

A variety of powerful software asset management solutions that may assist your team in conveniently managing software assets and more efficiently completing associated ongoing activities and procedures. Don't let mismanaged, underutilized, or duplicate software hold your company behind any longer; invest in complete software asset management tools today and get the advantages later.

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients as strategic knowledge partners achieve business transformation goals with Strategic Business and Growth Advisory Services. Quadrant's research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.

For more available research, visit: https://qksgroup.com/domain/application-design-development-deployment

Shraddha Roy
QKS Group
Regus Business Center 35 Village Road, Suite 100,
Middleton Massachusetts 01949
United States
Email: Shraddha.r@qksgroup.com
Phone: (+1) 978-344-2770

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