CIOs are highly investing in cloud-based license management software to address the growing demands for licensing in the global market.      

FREMONT, CA: In recent years, CIOs often initiate investing in critical software and applications to gain ongoing business growth and profitable upgrades. To ensure enterprise management compliance with end-user license agreements, organizations are adopting open-source and cloud computing-based license management applications. The license management market has seen a massive shift of license managing solutions from on-premise software to cloud-based software as a service over the past few years. Today, tech-savvy CIOs look for advanced cloud-based license management solutions, which can provide instant and flexible solutions as per their business demands and licensing issues. 

• Centralized Repository

The cloud-based license management software creates a centralized database for processing all the license requirements of organizations, eliminating the time-taking licensing initiatives of maintaining various spreadsheets. The created web-based database can be password protected, making it available only for authorized employees access. A centralized license database allows organizations to locate, sort and filter licenses, recover lost renewable notices, and forecast licenses renewable spending. The cloud platform enhances organizational connectivity, allowing the management system to monitor and track licensing operations across an organization effectively. Easy access to all the license-related documents, facilitates the creation of compliance reports and audit materials for companies.

• Customization and Automation

Cloud offers facilities to create an in-depth licensing calendar for organizations, which include reminders for license renewals and staggered updates across the calendar year. A customized licensing schedule can help an organization avoid costly penalties associated with the operating license. Professionals can take advantages of personalized alerts of upcoming license renewable dates in time for taking appropriate action. Cloud-based license management users can create automated auto-renewal systems for selected licenses. Automation process empowers the company by completing procedures of all license requirements and avoiding possible human error. 

• Licensing Evaluation

The highly customizable cloud-based license management software allows organizations to maintain and check licensing obligations. Cloud creates a library of license data, making it easy to access and cross verify the required information at the time of evaluation. Centralization of licensing software develops a safe and accessible database to store all license-related documents in ready to use formats for compliance reports and audit fillings. Including the licenses updates and necessary changes in implementation, the cloud-based software optimizes licensing solutions for the organization’s newly launched products or services.

• Low Maintenance and Flexibility  

Implementing cloud-based license management software dramatically lowers the cost of licensing operations and maintenance. By choosing a cloud solution, organizations can avoid the cost associated with buying different servers and other infrastructures for maintenance. The cloud-based solutions let the employees of an organization access data, regardless of the user device and physical location. The software also allows organizations to add new features according to their business convenience. 

CIOs recognize the potentials of cloud-based software, which help in establishing precise controls on licensing software assets by companies. Benefits of building strong policies, accessing specific controls, accuracy in process and governance, automating research and discovery, automating provisioning and audits, and reclaiming attract the business professionals to invest in cloud-based licensing software. Today, the advanced application is adopted by global enterprises as an essential asset for business growth.