License Asset Manager

License Asset Manager, developed by TeamEDA, is a software solution designed to assist companies in organizing and optimizing their engineering software licenses. This solution caters to businesses of various sizes, from small enterprises to large corporations. License Asset Manager is specifically tailored for engineering firms, aerospace and defense companies, automotive manufacturers, as well as energy and utilities industries.

Key Features

License Compliance Monitoring: According to the vendor, License Asset Manager allows users to monitor and ensure license compliance across software by tracking usage, identifying potential issues, and taking proactive measures.

Software Cost Savings: The vendor claims that License Asset Manager helps optimize license usage to achieve cost savings by identifying underutilized licenses and reallocating them, as well as making informed decisions on subscription vs perpetual licensing.

Vendor Management: License Asset Manager allows users to centralize and manage vendor information, including license agreements and key contacts. The vendor states that the software can generate audit-ready license reports and streamline communication and collaboration with vendors.

License Inventory Analysis: According to the vendor, License Asset Manager provides insights into license inventory and usage through a live checkouts dashboard. Users can access historical use reports for analysis and planning, as well as visualize license utilization through denial heatmaps.

Automated IT Chargeback/Cost Allocation System: The vendor claims that License Asset Manager automates the process of allocating license costs to different departments or projects. It can generate accurate cost reports based on actual usage, improving transparency and accountability in license cost allocation.

Renewal Decision Analysis: According to the vendor, License Asset Manager enables users to analyze license usage and trends to make informed decisions on renewals. Users can evaluate the need for upgrades or downgrades based on usage data and optimize license inventory based on future needs and budget considerations.

Manage Entitlements: License Asset Manager allows users to centralize and organize license entitlement information. According to the vendor, users can set permissions and restrictions for usage to ensure compliance with license agreements and usage restrictions.

Critical System Alerts: The vendor states that License Asset Manager provides real-time alerts for critical system issues related to licenses. Users can stay informed about potential capacity issues or server downtime and take proactive measures to address system issues and ensure continuous license availability.

Checkout Length Warnings: According to the vendor, License Asset Manager allows users to set warnings for long checkout durations to optimize license utilization. It encourages users to return checked out licenses when not actively using them, aiming to prevent unnecessary license hoarding and improve availability.

User License Harvesting: License Asset Manager helps users identify and reclaim underutilized licenses from inactive or infrequent users. The vendor claims that users can optimize license distribution by reallocating licenses to those who need them the most, reducing unnecessary license costs by ensuring efficient usage.