"Software Assets" are digital assets of an organization consisting of software licenses, applications, operating systems, development tools, and other software-related resources. These assets are crucial for the operation and efficiency of a business and therefore need to be carefully managed.
Typical functions of software in the "Software Assets" area include:
License Management: Capturing and tracking software licenses to ensure that the organization has the appropriate usage rights and does not violate license agreements.
Inventory Management: Capturing and tracking all installed software applications and their versions to have an overview of the software inventory and ensure all systems are up to date.
Compliance Monitoring: Monitoring compliance with license terms and legal regulations related to the use of software to minimize financial risks and legal consequences.