Software license manager6/3/2023 ![]() Discovery: leveraging data from systems like SSOs and expense management platforms to uncover and create a central repository or system of record for all SaaS apps in use.Gartner notes that, within their core set of capabilities, SMPs help manage SaaS licenses with: The report concludes: “ Managing SaaS applications with disparate admin controls decreases IT’s ability to track usage, automate management tasks and establish consistent security posture across the portfolio.” These are one form of cloud-based software license management apps. The firm recently published a Market Guide on the importance of tools that can help manage this spend: SaaS Management Platforms (SMPs). Gartner, for example, has reported on how large the challenge is for organizations to manage their SaaS licenses. IT, security and finance teams recognize that these software license managers are necessary. Organizations have long needed software management and tracking-traditionally, these tools were known as Software Asset Management tools-even when software was on-premise and licensed. ![]() You heard that right: software to track other software. Software license management apps provide a system that helps you manage your cloud software licenses (or SaaS licenses) effectively. ![]() What is a cloud software license manager? Here’s everything you need to know about software license managers. That leaves plenty of IT and finance teams looking for a cloud-based software license management app to help them prioritize their decisions and clean up their stack. With the work environment’s complete shift and the likelihood that plenty of teams will remain remote, it’s not a surprise that SaaS spending has only accelerated through the pandemic. The firm also reported that nearly half of surveyed companies listed SaaS as a priority. Gartner predicted that cloud-based subscription software will be a more than $482 billion market in 2022.
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