10 reasons to implement SAM now
Why should you implement a Software Asset Management (SAM) plan for your business? Consider the following reasons as you assess your needs and determine how a SAM program might fit into your organization.
Improve financial security
The complexities of managing software assets across an organization make controlling costs a big challenge and can leave you feeling financially vulnerable. Implementing a solid SAM plan controls your costs with standardization throughout the software life cycle. You can thereby secure the information needed to choose the most cost-effective licensing programs, provide better IT forecasting for budgeting, and receive tax benefits associated with software depreciation.
Volume discounts for better price points
SAM can help you save when purchasing your licenses, improve relations with your software resellers, and give you an advantage in future negotiations. These benefits and others are possible because a fully implemented SAM plan gives you a better understanding of what types of licenses—and how many—your organization has purchased and deployed, and what you are using and therefore need. Should you buy on a per-PC basis, or could you save money through volume licensing? Your SAM plan will provide you with the insights to help you make efficient and effective decisions for the unique needs of your organization.
More liability control
A good SAM plan helps you avoid financial penalties and legal costs by ensuring that your licenses are compliant, and helps prevent any potential damage to your reputation that could arise from a lawsuit. SAM can also help you achieve compliance with government regulations that require strict standards of IT governance and controls.
Good corporate governance
Effective corporate governance begins with two basic steps: identifying the risks facing your business, and controlling and mitigating those risks before they can have an impact. SAM can help you identify your business and compliance risks associated with software management (or lack thereof) and establish a set of well-defined best practices that help ensure consistent management of these assets throughout your organization.
Increased employee satisfaction
A good SAM plan will give your employees the right tools they need to do their jobs. Trouble-free software and IT systems that function as they should result not only in increased efficiency but also in better overall employee morale.
Your entire organization runs better with SAM. Initially, by providing better automation and standardizing processes to help reduce complexity, SAM optimizes your software and IT resources and lets you focus on running your business. You also have added peace of mind by ensuring your software is genuine and compliant. This provides an extra layer of security and efficiency for your IT systems and overall business.
Reduce/eliminate waste and redundancy
Overlapping, non-integrated, and outdated applications are just harder to manage. SAM gives you the information you need to make the best use of your software assets and to pay only for what you use. Thorough and ongoing reconciliation can reveal software overlap, as well as software that you no longer use and can consequently retire but are still maintaining. SAM, therefore, enables you to reduce/eliminate maintenance plans and additional fees on the software you no longer use. *Always check your license agreements before transferring software. Certain agreements may limit the transfer or redeployment of software.
Better market position
SAM can help your business gain the competitive advantage it needs in the marketplace. Up-to-date licensing and a comprehensive documented media library can result in faster, easier processes and streamlined software functionality throughout the organization; both with day to day activities and in times of mergers and acquisitions.
Increased long-term business value
Implementing SAM can increase your organization's agility and enhance its future value by ensuring that you make strategic use of resources in times of changing business conditions. With consistent and effective SAM practices in place, your business is more efficient and can respond quickly to market conditions and opportunities. Following the best practices in your SAM plan results in better information for decision making and a higher degree of operational excellence; ultimately driving long-term business value.
Flexibility for the future
SAM provides better insight into your future software needs and provides a scalable foundation for growth. Instead of buying all the newest software and updates available, you’ll be able to decide exactly what software is needed and when you’ll need it. With SAM, you can plan for your future needs now.