Effective and Efficient SAM execution to manage software Spend and Compliance

Yes, Software is a critical asset for any type of industries which plays a vital role in determine the enterprise IT investments. Software asset management (SAM) was one of the critical factors that were hit frequently in an enterprise level discussion to manage these software?s. SAM was a well-established ?concept? and exists among organizations for a long period of time, since the era of automation and innovation evolved through multiple software applications. The reason why we quoted a term ?Concept?, because it is still exists as a concept rather than an effective practice with in many organizations. This white paper is significantly important for IT/SAM mangers who faces multiple challenges during audit and cost saving objectives, even though the enterprises have a SAM best practices in place with in organizations. We also cover an important component the ?GAP? that stops the enterprises to implement an effective SAM and the efficient ways to overcome the gaps and their level of criticality. Problem Statement & Solution: In general, Enterprises runs hundreds of applications for multiple different operations and departments with various license terms which always a challenging task for the SAM managers which can end up in unexpected risks and cost challenges. Many organizations believe deploying a SAM software tools available in the market can bring compliance and asset management capabilities. But I would say it is not a reliable statement? ? ? SAM tools can be capable of identify the potential waste and noncompliance, but they are not mandated to prevent the SAM challenges and criticality. ? ? Organizations also face challenges in recognizing the software?s such as accumulating all the date environments which can end up in incomplete reporting and connecting of multiple environments such as virtualization etc. ? ? SAM tools also face problems in bundling software products. In multiple scenarios, bundling deals in terms of contract specific aspects which perform outside of the tool capabilities. ? ? Recent times, increased in adoption of Bring Your Own Device (BYOD) and cloud can make the organizations SAM process more challenging even without their knowledge ? Organizations which do not have an effective Software Asset Management (SAM) strategy typically may over spend on software contracts & licensing by around 20% The organizations requires an in depth understanding of their business models, functionalities, organization requirements in terms of their software utilization such as software?s product knowledge which includes licensing & integrating SAM with other systems and business functionalities such as financing and procurement, nevertheless the appropriate best practices and the right SAM software tools. Many a times, the organizations under estimate the procedures for achieving the successful SAM. The solution is completely focused on the ?Current? SAM problems and the possible mitigations in the existing SAM system, rather than talking about the SAM industry best practices, where most organizations are aware of it.