As technology continues to evolve, it has become increasingly important for businesses to have the proper tools on hand to manage their software inventory. Software asset management (SAM) tools are designed to help companies keep track of licenses and usage, as well as other critical information related to software assets. From advanced security measures to automated systems that can improve communication between teams and stakeholders, novel tools offer an unprecedented level of efficiency and reliability that significantly increase a company’s overall productivity.
With powerful SAM tools in play, organizations will be better equipped than ever before to take full advantage of their investments in technology. In this blog, we’ll be taking a closer look at the seven best free IT asset management software or SAM tools of 2023 that are revolutionizing the way businesses stay organized.
Software Asset Management (SAM) Tools Explained
SAM (Software Asset Management) tools are invaluable in an IT setting, as they help businesses to better monitor and manage their software assets. They provide a range of features that can be customized to fit any need and help to save time, money, and resources. SAM tools allow for account monitoring and management, license compliance checking, usage reports, inventory tracking, software installation tracking, asset reporting, and more.
The Benefits of SAM Tools
Software Asset Management (SAM) tools offer tremendous benefits for any organization wishing to maximize their investments and ensure their long-term success. SAM tools allow for cost optimization by providing visibility into the total cost of ownership for a piece of software, so organizations can make smarter choices about which software products to acquire. They also enable seamless license management, giving organizations control over licensing for multiple products in one place.
Additionally, SAM tools improve life cycle management, providing metrics around renewal and usage costs that empower organizations to reduce risk during the software purchase decision-making process. Finally, SAM tools streamline risk mitigation by ensuring that the software installed within an environment is done so legally and securely, making it easier than ever before to worry less about any potential non-compliance issues.
Today’s 7 Best Tools for SAM
For businesses of any size, the right Software and IT asset management software can be a game-changer. Here we explore seven industry-leading solutions, both cloud, and on-premise systems, to help you find the best fit for your needs.
1. AWS License Manager
One of the best asset-tracking apps, AWS License Manager, is a cloud-based solution from Amazon Web Services (AWS) that allows businesses to easily manage their license compliance and usage across multiple cloud environments and accounts. This tool allows users to track licenses from multiple vendors, as well as check for violations and enforce policies. It also features advanced reporting capabilities that provide insights into license consumption, usage trends, and cost optimization opportunities.
2. Microsoft Volume Licensing
Microsoft’s Volume Licensing program enables businesses to purchase large volumes of licenses at discounted prices with flexible payment terms and access to special benefits such as extended support and upgrade rights. This tool is ideal for companies who need to quickly deploy large amounts of Microsoft software across multiple devices or accounts.
3. ServiceNow Software Asset Management
ServiceNow offers a comprehensive set of software asset management tools designed to help organizations get the most out of their IT investments by optimizing license spend and minimizing the risk associated with non-compliance issues. This platform features automated workflows, powerful analytics dashboards, detailed reports on utilization trends, built-in security controls, and more – all designed to improve visibility into your IT environment while driving cost savings.
4. FlexNet Manager
FlexNet Manager is a comprehensive suite of digital asset management solutions specifically for medium and large enterprises that need a powerful but easy-to-use system that can handle complex licensing requirements across multiple vendor products and locations around the world. The platform offers integrated automation capabilities, enhanced control over license utilization data, cost savings opportunities through policy enforcement, and more to keep your organization compliant while helping you maximize ROI on IT investments over time.
Zluri is an AI-driven software asset management platform that helps organizations optimize their budgets by predicting future license needs based on historical usage patterns as well as current industry trends in pricing. This enables users to make smarter decisions about how they spend money when it comes to software procurement. Additionally, Zluri offers detailed analytics dashboards that provide real-time insight into your IT environment so you can make informed decisions about where best to apply budget dollars going forward without sacrificing quality or compliance standards in the process.
6. USU Software Asset Management
USU Software Asset Management (USU SAM) is an enterprise-grade solution mainly for global organizations that need advanced asset tracking capabilities tailored to meet their specific industry requirements while still offering robust automation options in order to ensure accurate compliance with internal policies as well as external regulations like GDPR or HIPAA. USU SAM leverages big data analytics along with predictive models powered by AI/ML algorithms in order to help you get the most out of your IT investments while keeping costs under control.
7. SLIM 360
The cost of over-licensing personnel can cost organizations millions of dollars every month in lost revenue. For this reason, SLIM 360 is built to evaluate your utilization of the accessible licensing levels and illustrate any areas where your staff members are over-licensed and how much it is probably going to cost you.
SLIM360 organizes your licensing in a form that is both simple to grasp and thorough, creating a condensed and contemporary method for managing software assets. This method makes licensing rationalization more approachable so that you may plan your software budget wisely. You can quickly, affordably restructure your licensing by seeing how many issued licenses are truly being utilized using SLIM 360.
With so many different software asset management solutions, such as Zoho asset management, available today, it can be difficult knowing which one will work best for your organization’s particular needs. By examining the advantages of each option outlined above, it should become easier to narrow down those choices until you find the one that fits perfectly within your infrastructure budget. Take some time researching each one carefully before making any decisions, as it could save you from costly mistakes down the road. That being said, there’s no denying that the right SAM tool can help simplify managing your digital assets no matter what size of business you’re running.
Finding the right software asset management tools can be a hassle. In order to ensure that you have the right data and insights at the tip of your fingers, Metrix360 offers SLIM360, allowing you to streamline all the necessary information for your software assets. So contact us today or visit our website for more details.