Nowadays, companies use software to manage all their works as it provides convenient, accurate, and quick methods leading to more improved and efficient project management. However, using the software can give a particular cost; for this reason, it is crucial to check which software you need and use and let go of the ones unnecessary to save your money.
15+ Software Asset Management Software
1. FlexNet Manager
2. Snow Software
4. Alloy Navigator
7. Microsoft Volume Licensing
8. Micro Focus Zenworks Asset Management
9. Apptio SaaSLicense
10. Aspera SmartTrack
11. AWS License Manager
12. ManageEngine Asset Explorer
16. Xensam Xupervisor
What is Software Asset Management Software?
Software asset management software is a technology that allows you to see and understand which software is beneficial and which is not. Software asset management software includes features and functionalities that can display a dashboard displaying software asset analytics, allowing you to understand and perceive the strengths and weaknesses of your software asset management.
Software asset management software contains a lot of characteristics to help you enhance your business strategy on reclaiming budget and maximizing savings. With software asset management software, you can ensure procurement and spend management of software improvement. Continue reading below to know more about software asset management software recommendations.
There are numerous benefits and advantages of using software to manage your software asset. Purchasing software licensing can be a considerable cost. Running a company sometimes requires varieties of software that needs a budget. Software asset management software can help you track and manage these procedures with simple and user-friendly features and functionalities. Save money and time is promised.
Every software asset management software has its own set of features and functionalities provided by its developer. They also have different price ranges depending on the advanced features they offer. Due to that, it is advisable to research and assess them to experience them first hand and see whether it is compatible with your tasks.
Checking them is crucial to avoid spending money on things that your business does not find necessary. Thus, the following are examples of features you should keep a note to consider during your research:
- License Tracking
- Portable License
- Contract/License Management
- Copy Protection
- Cost Tracking
- Compliance Tracking
- Configuration Management
- Activity Tracking
- Asset Tracking
- Audit Management
Top 10 Software Asset Management Software
1. Microsoft Volume Licensing
Microsoft has annual revenue of $2147.5 million and 204819 employees. Microsoft Volumen Licensing software includes easy access to volume licensing information, relation summary, license summary details, and more user-friendly features.
ServiceNow has annual revenue of $1829.6 million and 12618 employees. ServiceNow provides data visualization, incident management, capacity management, alerts/escalation, and many other advanced functions.
3. FlexNet Manager
FlexNet Manager, developed by Flexera, provides features like procurement management, supplier management, license tracking, and many more. Flexera has annual revenue of $190.7 million and 1325 employees.
4. Snow Software
Snow software provides features such as portable license, audit management, compliance tracking, and many more. Snow software has annual revenue of $112.2 million and 774 employees.
Assyst has annual revenue of $50.3 million and 347 employees. Assyst provides features, such as big data analytics, cloud computing, cybersecurity solutions, enterprise knowledge, content management, and many more.
Matrix42 has annual revenue of $42.3 million and 292 employees. Matrix42 Software includes license tracking, portable license, trial license, and many more innovative features.
7. ManageEngine Asset Explorer
ManageEngine Asset Explorer, developed by, ManageEngine provides features like configuration management, maintenance management, requisition management, plus more. ManageEngine has annual revenue of $18.4 million and 127 employees.
AssetSonar, developed by EZOfficeInventory, provides features like availability management, barcoding/RFID, cost tracking, copy protection, and many more. EZOfficeInventory has annual revenue of $3.3 million and 23 employees.
Blissfully has annual revenue of $2.9 million and 20 employees. Blissfully software optimizes your software asset management with features like license management, SaaS operations management, issue auditing, and many more.
10. Alloy Navigator
Alloy Navigator, developed by Alloy Software, includes access/control permission, activity tracking, asset tracking, bug tracking, and many more features. Alloy Software has annual revenue of $1.7 million and 12 employees.
What is the purpose of software asset management?
Software asset management (SAM) plays a critical role in your business. It is a business strategy that can guide and help you improve software licensing decision-making. Since business software tools can be a little expensive, software asset management will help you evaluate valuable software at a lower cost.
What is the equipment life cycle?
The lifespan of your physical assets, including your equipment and machinery, is referred to as the equipment life cycle. Equipment quality assurance is crucial as the higher the quality, the longer the possibility of its lifespan. Reliable physical assets do not need more money to fix and buy fore new ones. Therefore, budget effective.
What is the asset management life cycle?
Asset lifecycle management is the process that you optimize and enhance your profits. Assets have a significant role in your company as assets are the foundation of the engine of your business. High-quality and wise asset management provide numerous benefits in all aspects of your company. Effective asset lifecycle management contributes to generating a comprehensive asset portfolio management leading you to reach your asset objectives.
Software is undeniably a requirement to grow and develop your company. The software enables accurate budgeting and forecasting, helping you manage your assets effectively and efficiently. Software assets are one of the top priorities you should handle carefully since one mistake can lead to a chain reaction of damages. As some software can be costly, it is essential to evaluate which software delivers more contribution to avoid investing in unnecessary ones. That way, you can save more.
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