Managing software licenses can be a challenging task that businesses of all sizes face almost every day. With the ever-growing complexity of software licensing agreements and the increasing need for organizations to track and manage their software assets effectively, its important to use a license management software.
Whether you are a small business or an enterprise, finding the right license management software can empower you to take control of your software assets and drive productivity.
BlueTally is a leading provider of license management software, dedicated to helping businesses streamline their license management processes and maximize the value of their software investments.
In this article, we will discuss what license management software is, and some of the best tools to help your organization.
What is License Management Software?
License management software is a handy tool that helps businesses keep track of their software licenses, ensuring compliance, cost optimization, and efficient software usage.
License management software acts as your trusty sidekick, helping you stay organized and in control of your software licenses. It keeps a neat and tidy record of all your licenses, making it easy to see what software you have and when the licenses need to be renewed.
Why Should You Use A License Management Software?
Here are the main benefits of license management software and why should you use it:
- Transparency: Transparency becomes attainable through a dependable license management solution, enabling effortless tracking, monitoring, and ensuring compliance with licenses throughout the organization.
- Compliance: Compliance is easily achieved through the adoption of license management software, allowing effortless monitoring of license inventory and prompt identification of any non-compliant usage.
- Inventory: Having a comprehensive understanding of your license usage allows you to pinpoint areas of license waste or duplication. This valuable insight empowers you to make informed decisions regarding license procurement, reallocation, or termination.
Factors To Consider When Choosing A License Management Software
To ensure you choose the right software, check out the factors that you should consider:
1. Managing compliance
A key consideration is the software's ability to manage compliance effectively. Look for features like license usage tracking, license agreement management, and audit support to ensure adherence to license terms and regulations, minimizing the risk of penalties or legal complications.
2. Automated software discovery
Effective license management software should offer automated discovery capabilities to identify and track software installations across your network automatically.
3. Tracking and inventory of licenses
Ensure that the software provides extensive license tracking and inventory features.Check out the most popular use cases for asset tracking to learn how successful companies maximize their profits.
Best License Management Software
Are you struggling to keep track of software licenses in your organization? Look no further! To save you time and effort, we’ve compiled a list of the best license management software that you can use this 2023.
Here are the tools we’ll be covering in this guide:
- BlueTally: Best Overall Asset Audit Software
- Device42: Best for Comprehensive IT Asset Management
- OpenLM: Best for Software License Management
- Snow License Manager: Best for Large Enterprises
- ManageEngine Endpoint Central: Best for Endpoint Management
1. BlueTally
Best Overall Asset Audit Software
BlueTally is a leading software company specializing in license management solutions.
With a focus on simplicity and efficiency, BlueTally offers powerful and user-friendly license management software that can help your businesses effectively track, manage, and optimize your software licenses.
Whether you're a small business or a large enterprise, BlueTally's solution is designed to streamline your audits, license management process and provide you with the insights you need to make informed decisions.
Key Features:
- Audits & Maintenances: Effortlessly schedule and conduct asset audits and maintenance right within your asset management system. Stay organized and on top of your tasks with timely reminders for upcoming and overdue audits to stay on track.
- Asset Barcodes: Simplify the task of tracking and managing your assets with the convenience of barcode technology.
- Asset Depreciation: Enhance your audits and long-term planning with valuable financial insights by effectively monitoring asset depreciation. Gain a comprehensive understanding of the importance of depreciating fixed assets and incorporate this crucial financial aspect into your auditing process.
- Checkout History & Detailed Changelog: Maintain a comprehensive record of asset ownership and history, ensuring that you always have visibility into who has had possession of each asset.
Pricing
BlueTally presents a range of pricing options to cater to various needs: Free ($0/month), Unlimited ($29/month), Pro ($69/month), and Business ($99/month).
If you're unsure, you can test the waters with a 14-day free trial, giving you the opportunity to explore BlueTally's capabilities firsthand. Start your trial today and experience the benefits of BlueTally in action!
Pros & Cons:
Pros
- User-friendly interface
- Comprehensive asset tracking
- Barcode integration
- Compliance management
- Audit and maintenance management
Cons
- Limited free plan
- Limited integrations compared to some competitors.
2. Device42
Best for Comprehensive IT Asset Management
Device42 is a leading provider of comprehensive IT infrastructure management solutions. With a strong focus on software license management, Device42 helps organizations efficiently track and manage software licenses across their entire infrastructure.
By providing a centralized view of software assets, license entitlements, and usage, Device42 enables businesses to minimize compliance risks, optimize license utilization, and reduce unnecessary software expenses.
Key Features:
- Automated Software Discovery: Device42 automatically discovers installed software across your entire IT infrastructure, providing you with a comprehensive view of all software assets.
- License Compliance Monitoring: With Device42, you can easily monitor software license compliance by tracking license usage and comparing it against entitlements.
- Alerts and Notifications: Device42 provides alerts and notifications for upcoming license renewals, expirations, and compliance violations.
Pricing
Device42 offers flexible and transparent pricing options for their software license management solution. With a free 30-day trial, users can explore the platform's features before committing. Device42's pricing is customized based on specific requirements, ensuring organizations only pay for what they need. To make the most out of this software, learn about the best practices for software asset management.
Pros & Cons
Pros
- Comprehensive features
- Scalable
- Integration capabilities
- Easy to use
- Great customer support
Cons
- High cost
- Complicated user interface
- Inaccurate auto-discovery
3. OpenLM
Best for Software License Management
OpenLM is a leading provider of software license management solutions, empowering organizations to effectively manage and optimize their software licenses.
OpenLM provides organizations with valuable insights into license usage, enabling them to make informed decisions and maximize the value of their software investments. Whether it's managing concurrent licenses, enforcing license agreements, or generating accurate license usage reports, OpenLM is a trusted partner for businesses seeking efficient license management solutions.
Key Features:
- License Usage Monitoring: OpenLM provides real-time monitoring of software license usage, allowing organizations to track and analyze license utilization across their network.
- Reporting and Analytics: OpenLM generates detailed reports and analytics on license usage, including peak usage times, idle licenses, and historical usage patterns.
- Integration and Compatibility: OpenLM seamlessly integrates with popular license servers and supports a wide range of license managers and vendors.
Pricing
OpenLM offers flexible pricing plans for its software license management (SLM) solution. The pricing structure is tailored to accommodate the needs of different organizations. Start a free 30-day trial with all features. Their pricing model may include factors such as the number of licenses, users, or additional features required.
Pros & Cons
Pros
- Flexibility and scalability
- Integration capabilities
- Good customer support
- Advanced license optimization
- Free version
Cons
- Complicated website
- Limited integration capabilities
4. Snow License Manager
Best for Large Enterprises
Snow License Manager is a leading software asset management and license optimization solution offered by Snow Software. Snow License Manager provides comprehensive features for license discovery, inventory management, license compliance, and cost optimization to help you control your business’ software licenses.
Snow License Manager offers powerful reporting and analytics capabilities, empowering organizations to make informed decisions regarding their software licensing strategy.
Key Features:
- Software Asset Management: Snow License Manager helps organizations effectively manage their software assets by providing a centralized repository for tracking and managing software licenses, entitlements, and deployments.
- Automated Discovery: The software offers automated discovery capabilities, scanning networks to identify installed software and collect accurate inventory data, which is crucial for effective license management.
- Cloud SaaS License Management: The solution supports the management of cloud-based and SaaS licenses, providing visibility and control over software subscriptions and usage in these environments.
Pricing
Snow Software offers flexible licensing options tailored to the unique needs of each organization. To obtain accurate and up-to-date pricing information for Snow License Manager, it is recommended to visit the official Snow Software website or contact their sales team directly.
Pros & Cons
Pros
- Advanced reporting and analytics
- Integration and automation
- Vendor management
- Optimize license
Cons
- Complicated features
- Difficult setup and configuration
- Less intuitive user interface
5. ManageEngine Endpoint Central
Best for Endpoint Management
ManageEngine Endpoint Central is a comprehensive license management solution that helps organizations efficiently manage and optimize software licenses.
With its user-friendly interface and robust features, it enables IT teams to track software licenses, monitor usage, and ensure compliance. Endpoint Central provides real-time visibility into license status, allowing businesses to identify underutilized licenses, avoid overspending, and maintain license compliance.
Key Features:
- Asset Management: Maintain an accurate inventory of hardware and software assets, track warranties and licenses, and plan for upgrades or replacements.
- Compliance Reporting: Generate comprehensive reports on software usage, license compliance, and IT asset inventory to meet regulatory requirements and audit demands.
- Software Usage Monitoring: Monitor application usage patterns to identify unused or underutilized software licenses and optimize license allocation.
Pricing
The pricing for ManageEngine Endpoint Central is not publicly available on their website, but they make tailored plans based on business needs.
Pros & Cons
Pros
- Seamless integration
- Scalable
- Flexible
- Comprehensive endpoint management
Cons
- Steeper learning curve for new users
- Complex features
- Pricing not available on website
Use The Best License Management Software Today!
License management is a crucial aspect of modern business operations, ensuring compliance, cost optimization, and efficient software usage. These software tools offer a user-friendly interface, powerful features, and automation capabilities to simplify license tracking, ensure compliance, and maximize the value of software investments.
If you’re looking for a tool to help you perform asset audits through mobile devices, BlueTally is the best overall choice. Start free with BlueTally today!
