The Benefits of Software Asset Management for Finance & Procurement Managers
Having a well developed and well implemented software asset management plan means that enterprises will have increased visibility of their software needs and the role its software vendors play in the fulfilment of licences. When implementing a software asset management process procurement departments have an integral part to play. By working with IT & senior management, procurement mangers have the ability to deliver cost savings and greater efficiency when it comes to the acquisition of new software.
Below are some of the key benefits Software Asset Management can deliver for procurement managers;
- Software Asset Management lets you know exactly what you own and where it is on use thereby allowing you to strengthen your negotiation position with suppliers.
- By knowing exact software, requirements procurement can optimise cost savings associated with bulk purchases, as opposed to fragmented purchases which can be a sign of a lack of software licence management.
- Avoid waste or redundancy associated with over licensing of software. By knowing exactly what software is required you can avoid replication of purchases, combined with having the ability to identify software that could potentially be re-used in the business.
- Software Asset Management provides you with the ability to identify the most effective and strategic licensing program for your organisation.
- Create smoother operations by allowing IT departments rapid access to new technology as it is required and maintain end user productivity levels by ensuring end users have access to reliable software programs.
- By understanding what Software is deployed, enterprises have the opportunity to leverage tax benefits associated with software depreciation.