Is your organization throwing money away? Between unused software licenses, over-licensing, and the complexity of tracking software installations, it’s easy to see how costs spiral out of control.
In fact, recent research revealed that organizations waste $18 million per year, on average, on unused software licenses, with 51% of applications going underutilized or unused. That’s a lot of budget that could be better spent on improving operations or innovating new products!
Lansweeper and Licenseware set out to address this problem. Through a seamless integration, Licenseware’s new Software Inventory Management (SIM) ingests Lansweeper data, enabling teams to gain full visibility into their entire software asset estate and see, at a glance, what software is being used and what’s being wasted.
Let’s dive into how this integration can make your software environment more efficient and reduce unnecessary costs.
Are You Wasting Money?
Managing your software requires more than simply knowing what apps you have installed. It’s critical to know how much they cost, whether they’re needed and if they’re being used. According to the ITAM Review, about 76% of companies over-license their software just to avoid audit penalties, which leads to overspending on licenses that aren’t being used or even worse, paying for software no one is using.
Say multiple teams in the same company are using different versions of the same software. They may be paying for several licenses when, in reality, consolidating to one version could save thousands of dollars annually.
Powered by Lansweeper’s market-leading discovery technology, SIM can help you spot such inefficiencies and pinpoint exactly where your software portfolio can be simplified to cut costs.
Get a Bird’s Eye View
SIM makes it easier to streamline and standardize software installations across your organization. Instead of managing dozens of different versions of the same program, you can consolidate your licenses and reduce overhead. The app helps identify redundant or unnecessary software, ensuring you’re only paying for what you actually need.
SIM provides a complete picture of your software environment by compiling all your software data and highlighting licensing and cost implications, so you can make informed, data-driven decisions. No more manually tracking every piece of software and its associated costs – SIM does it all for you, helping to quickly and easily identify areas for optimization and potential cost savings.
For instance, a company might discover that there are various different software applications being used throughout the business that facilitate the same function, by rationalizing these to one agreed upon technology, the license management becomes easier, collaboration improves, training becomes easier and costs go down through a higher volume discount.
Cost-saving Features and Insights
One of the most useful features of SIM is its ability to flag all software that requires a paid license. With this information, you can quickly spot where your budget is being spent and whether those licenses are truly necessary. It’s a great tool for making sure you’re not overpaying for software or missing opportunities to reduce costs through consolidation.
Standardizing software installations is crucial for avoiding unnecessary expenses. SIM helps you identify which programs can be standardized across your organization and highlights which licenses are essential and which can be cut. This is especially helpful for large organizations where software sprawl – having too many versions of the same program in use – can lead to excessive licensing costs.
Licenseware’s detailed reporting takes the guesswork out of managing software licenses by showing you exactly where your budget is spent and where costs can be reduced. This insight allows you to make smarter decisions about software purchases, renewals, and decommissioning.
Track your contracts and renewals at a vendor level, assign budgets, assign cost centers, detail your resellers and much more. Whilst you obtain further insights into your software deployments, SIM also provides you with the functions to better manage and procure these.
Benefits You Can’t Afford to Ignore
With Lansweeper data flowing into SIM, you can:
- Rationalize Software Installations: SIM helps you streamline your software portfolio by identifying redundant programs and unnecessary licenses, so you only pay for what you really need.
- Gain Holistic Insights with Licenseware: SIM enables you to have a clear overview of all your installed software, including licensing requirements and cost implications, so you can make smarter financial decisions.
- Optimize Costs by Identifying Paid Licenses: SIM flags all software requiring a paid license, making it easy to see where your budget is going and where costs can be cut through standardization.
- Reduce Software Sprawl and Shadow IT: By using SIM to standardize software across your organization, you minimize the risks and costs associated with shadow IT – unauthorized software use that can create compliance headaches.
- Manage Renewals Accurately: Receive automated notifications of upcoming renewals along with guidance on industry best practice on how to best handle them, with specific insights into vendors such as Microsoft, Oracle, Red Hat, Adobe and more.
Whether you’re looking to reduce unnecessary software expenses, avoid over-licensing, or simply gain better control of your software portfolio, SIM, developed by Licenseware and powered by Lansweeper, can drive cost efficiency and improve overall software management. And it’s easy to install.
Lansweeper + Licenseware
Take control of your software estate today. Integrate SIM using Lansweeper + Licenseware integration, and start optimizing your software portfolio for maximum cost efficiency.
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