Licensing Management Services

Streamline Your Licensing with Expert Management Services

TEAM Latitude 34° Technologies Software License Management (SLM) is part of their overall Technology Asset Management (TAM) capabilities and involves the process of reducing, documenting, and controlling total IT costs.

TEAM’s software licensing management ensures legal compliance, optimizing costs, and maximizing the value of licenses in your organization. It provides proactive monitoring, coordination, and governance to effectively manage licenses throughout their lifecycle. It involves monitoring, tracking, and ensures compliance with the terms and conditions of the licenses.

Below are key components of TEAM’s Licensing Management program:

1. License Inventory: we provide a comprehensive inventory of all licenses owned by an organization will be maintained. This includes software licenses, patents, trademarks, and other intellectual property rights. The inventory will contain details such as license type, license key or serial number, expiration dates, and associated agreements.

2. License Compliance: ensures compliance with license terms is crucial to avoid legal issues and penalties. Licensing management involves monitoring the usage of licensed software or assets to ensure it aligns with the permitted scope and tracking the number of installations, users, or devices using the licensed software.

3. License Renewals and Expirations: it includes keeping track of license renewal dates and taking necessary actions to renew licenses before they expire.

4. License Optimization: includes analyzing license usage patterns to identify opportunities for optimization. This may include consolidating licenses, renegotiating agreements, or implementing license usage policies to maximize the value of licenses.

5. Vendor Management: maintains relationships with vendors and negotiating license agreements. This includes understanding the licensing terms, negotiating pricing and contract terms, and staying updated on licensing changes or updates from vendors.

6. Auditing and Compliance Reviews: Periodic audits and compliance reviews help ensure that license usage is in line with the terms and conditions. This may involve conducting internal audits or engaging third-party auditors to assess license compliance and identify any areas of non-compliance.

7. License Policy and Governance: Establish clear license policies and governance frameworks is essential for effective licensing management. This includes defining guidelines for license procurement, usage, and compliance, as well as establishing processes for license request, approval, and tracking.

8. License Training and Awareness: educate employees about licensing policies, compliance requirements, and best practices, if necessary.

Our licensing management program ensures legal compliance, optimizing costs, and maximizing the value of licenses for your organization.