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5 things you don’t know (but should know) about managing your software assets

Knowledge is power.

Having accurate information about the license usage across your organization can help you save amountain of expenses, because software costs can represent a large part of your company’s budget. Before anything else, organizations should see the full picture of how software assets are deployed and utilized across their networks. Read about5 thingsyou probably didn’t know about managing your software licenses.

1. The financial overhead and hassles associated with managing your licenses can be enormous.

Companies overspend by around 30% on licenses that are not being used — this amount very often represents a large part of the entire IT budget. With License Statistics, X-Formation’s software license monitoring toolwhich lets you track and report software usage in real time or through log importation, you can:

  1. prevent over-deployment of software
  2. minimize maintenance and staff training costs
  3. drive down your operational costs
  4. improve your company’s ROI

Find out which licenses are under and overused and plan your ongoing management and purchases accordingly. Sounds smart, no?

2. There are different causes of over-licensing.

Over-licensing takes place when an organization purchases more licenses than needed which can be caused by a number of fluctuating users with each having different software needs. Another reason underlying over-licensing can be attributed to “buying too many licenses just in case” which is often an unnecessary step taken by IT managers. With License Statistics you can easily get a clear picture of your license usage and prevent over-licensing.

3. License Statistics is easy to be used by everyone.

License Statistics is easy to install and use — a few clicks is all it takes to get it up and running , so its installation is simple and hassle-free; you don’t need to install different modules, components, and clients anywhere, sparing yourself lots of time and effort.

License Statistics reportsgive you a high-level overview of your license usage, including most-used features, licenses nearing expiration, features checked out for over 24 hours, license servers being monitored, and other, allowing you to make well-informed budget decisions.

License Statistics is a powerful tool which in an automated way gathers usage statistics from the monitored license servers. This is a simple answer to a difficult question: “What is going on with my software licenses?”

4. Depending on your unique needs, you can generate different reports on license usage.

License Statistics reports target the usage details you need to stay on top of to be able to plan your future software purchases accordingly, including:

  1. Current Users
  2. Usage Per Feature
  3. Usage Per User
  4. Realtime Utilization
  5. Realtime User Count
  6. Expiring Features
  7. Realtime Borrowed Licenses

5. You don’t need a crystal ball to be able to precisely forecast your future licensing needs 🙂

Once you gain insight into users that were denied access to applications, identify unused licenses and get information about important events that affect users’ access to licensees, including license utilization rising above a specified rate, features nearing expiration or licenses servers going down, you will know how to plan your purchases and budget accordingly.

If you would like to find out more about our software give us a call or download a free 30-day License Statistics evaluation.