What is Software Asset Management audit?

A software licensing audit or software compliance audit is an important sub-set of software asset management and component of corporate risk management. When a company is unaware of what software is installed and being used on its machines, it can result in multiple layers of exposure.

What are some of the benefits of asset auditing?

Asset audits can result in smoother work processes and a better-informed decision can be made which is beneficial to companies. Assets are very significant to an organization. They are used in in long term. In order to maintain accuracy, audits are conducted.

What is Microsoft Software Asset Management?

What is a Microsoft software review? A software asset management review is, in essence, an audit to make sure your company’s Microsoft software licences adequately cover the software you use in your business. The software asset management review aims to identify where this has happened.

What does a software asset manager do?

Software asset management (SAM) is a business practice that involves managing and optimizing the purchase, deployment, maintenance, utilization, and disposal of software applications within an organization.

What is asset auditing?

Essentially, asset auditing is a physical verification process that compares an organisation’s “official list” of assets (normally contained within an asset management system) to the actual assets physically located within your business sites.

Which audit is the subset of software asset management?

SAM is a subset of IT asset management (ITAM), IT service management (ITSM), and hardware asset management (HAM). Solutions like ITAM aims to maximize cost savings and minimize audit risks while improving software and hardware assets management.

What does an analyst do in asset management?

An investment analyst provides research and information to help traders, fund managers and stockbrokers make decisions about investments. The information you provide ensures investment portfolios are well managed and that potential investment opportunities are highlighted.