License management

What is meant by License management?

The term "license management" refers to the administration and control of software licenses within a company or organization. License management involves the capturing, assignment, monitoring, and management of software licenses to ensure that software usage complies with license terms and is efficiently managed.

Typical software functions in the area of "license management" include:

1. License monitoring: Real-time monitoring of software license usage and availability to avoid over-licensing or under-licensing.
2. License allocation and assignment: Assigning licenses to users or devices according to company policies and needs.
3. Compliance management: Ensuring compliance with license agreements and policies to minimize legal risks.
4. License optimization: Analyzing license usage to identify optimization opportunities and cost savings.
5. Automation and reporting: Automated processes for license management and generating reports on license usage and availability.
6. License renewal and extension: Planning and managing license renewals to avoid interruptions in software usage.

Examples of "license management":

1. Monitoring the number of concurrent licenses used for a specific software application to ensure compliance with license terms.
2. Automatically assigning licenses during the onboarding process of new employees based on their roles and required software access.
3. Analyzing software usage to identify and reclaim unused licenses, leading to cost savings.
4. Generating reports on license usage and availability for internal audits and decision-making on license renewals.
5. Automated notifications and alerts for impending under-licensing or license breaches.
6. Integrating license management with other IT management systems for seamless management of all IT resources.