What is meant by License monitoring?
The term "license monitoring" refers to the process of continuously reviewing and managing the use of software licenses within an organization. The goal of license monitoring is to ensure that software usage complies with licensing terms and that the organization has the correct number and type of licenses to maintain compliance and avoid potential legal and financial risks.
Typical software functions in the area of "license monitoring":
- Usage Monitoring: Monitoring actual software usage by users to ensure it remains within licensed limits.
- Compliance Reporting: Generating reports on compliance with licensing terms to identify potential violations early.
- Automated Notifications: Alerts when licensed usage limits are reached or exceeded, enabling timely action.
- License Inventory: Managing and maintaining an inventory of all acquired licenses, including their types, validity periods, and usage rights.
- License Analysis: Analyzing usage patterns to identify optimization opportunities and reduce licensing costs.
- Contract Management: Managing license agreements, including renewals, durations, and conditions.