License Management Software
Best License Management Software include:
Thales Sentinel, License Dashboard License Manager, OpenLM for Engineering Licensing, TrackMySubs, Vyapin Office 365 Management Suite and LicenseFortress.
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Zentitle by Nalpeiron in Palo Alto is a cloud-based licensing platform for enterprise ISVs, delivering an array of license models including subscription, floating, consumption, and feature-based, supporting a smooth customer experience from trial through to paid, to renewals and…
IQSonar is a software asset management (SAM) solution from iQuate in South Dublin, Ireland, emphasizing discovery of software assets across a database infrastructure.
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Binadox headquartered in Seattle provides combined SaaS and cloud (IAAS) spend optimimization, web usage activity to identify shadow IT, reduce spend on SaaS subscriptions and drive user application adoption.
Reveneras monetization platform offers flexible implementations to help you launch new business models, protect your IP and reduce the risk of revenue loss. The platform supports all processes to manage and monetize digital products: Software Licensing, Software Delivery, Usage…
Zomentum Connect (formerly Goolash, acquired by Zomentum in January 2022) is a solution to streamline billing processes while automatically synchronizing customer licensing information to a connected PSA. Zomentum Connect aims to prevent revenue leakage by providing all-around visibility…
Certero for Enterprise SAM is a software asset management and license optimization solution.
License4J Auto License Generation and Activation Server is a web application to handle license generation, auto activation/deactivation, online key validation and blacklist check requests.It is a simple web application which includes all licensing jobs starting…
Entitlement Management that enables users to monetize software and manage compliance and customer growth. It supports all monetization models—from more traditional perpetual models to flexible subscription and pay-per-use models. FlexNet Operations empowers users to manage entitlement…
Learn More About License Management Software
What is License Management Software?
License Management Software tracks software installed throughout the enterprise and ensures legal licensure for its usage. The software may automate scanning, alerting, the procurement of new licenses. It may also uninstall or block the use of unlicensed software. This reduces the risk of fees for illegal use.
Additionally, the software may perform license optimization. This is a cost-saving process where software usage is tracked and aligned with the proper licensure spend. Ensuring the company doesn’t buy too many seats leads to savings, and is touted by vendors as the largest potential benefit of license management. The process is alternately referred to as ELP (for “effective license position”). License management and optimization is an essential element of SAM (software asset management).
License Management Software Features & Capabilities
To achieve licensure optimization, license management software offer the following:
Automated commercial software recognition
License expiry tracking and alerting
License compliance gap alerting
License reconciliation (reallocation of licenses, acquisition)
Unauthorized software alert
Bulk notification of unauthorized software, license change
Stakeholder notification of pending renewal
Identification of license types (e.g. trial, OEM, named user, etc.)
Tracking licenses installed
Tracking licensure entitlements
Comparing installations to entitlements for ELP
License Management Software Comparison
When choosing a license management solution, there are a few factors you should consider to choose the right software for your organization.
Legal Protections: Some license management solutions include features to automatically uninstall or block unlicensed software. This can be useful for preventing legal issues.
Alerting: Many license management tools include alerts when licenses are near lapsing. If you don’t already have tools for renewing licenses, this is a key feature.Pricing Information
License management software is most often offered as part of a suite. It may be acquired in a software asset management (SAM) suite, an ITSM suite, or an ITAM suite. SAM or ITAM suites tend to carry a higher price tag as they may be oriented to the needs of large enterprises. Pricing varies directly with the number of employees and the complexity of IT infrastructure.