Best SaaS License Management Software in 2023
ControlHippo’s SaaS license management tool is designed to help you identify any unused or underutilized licenses. With our software you can streamline your license management process and ensure that you are only paying for what you need.
Optimize SaaS Spend and Reduce SaaS Wastage, See How ControlHippo Works!
What is a SaaS License Management?
SaaS License Management is the process of tracking and managing software licenses– typically for cloud-based applications to ensure that the organization is not over or under-licensed. The process’s main goals are maximizing software usage, cutting costs, and maintaining licensing agreement compliance.
Importance of Managing SaaS Licenses
Effective SaaS software license management is critical for organizations as it helps them reduce costs, optimize software usage, and maintain compliance with licensing agreements. Here are 5 key points highlighting the importance of SaaS license management:
- Ensures that businesses have the right number of licenses for their needs.
- Helps organizations to minimize and optimize software-related costs.
- Enables businesses to remain compliant with licensing agreements.
- Provides insight into the organization’s software and subscription usage.
- Improves overall security by ensuring that all software is properly licensed.
Types of SaaS Licenses
There are various types of SaaS licenses available to meet the specific needs of different organizations. Here are 5 most common types:
- Named User License: assigned to a specific individual user for access on a single device.
- Concurrent User License: allows a limited number of users to access the software simultaneously.
- Perpetual License: valid indefinitely with no time limits for usage.
- Subscription License: time-bound and requires periodic renewal for continued usage.
- Trial License: limited-time or limited-functionality access for evaluating software features.
Benefits of SaaS License Management Software
SaaS license management platforms offer a range of advantages to organizations. Five major ones are listed below:
- Allows organizations to optimize their software costs.
- Ensures that each license is being utilized effectively.
- Helps organizations maintain compliance with agreements.
- Help organizations manage their software utilization.
- Enables organizations to scale software usage as needed.
Challenges in SaaS License Management
Managing software licenses for your organization can be a daunting task– particularly when it comes to SaaS applications. Here are 5 common challenges you may encounter:
- Tracking license usage across multiple SaaS applications.
- Ensuring compliance with license agreements.
- Controlling costs by identifying unused/underutilized licenses.
- Keeping up with rapidly changing license and pricing structures.
- Maintaining visibility and control over license usage.
How Does ControlHippo Help with SaaS License Management?
Reclaim unused licenses
ControlHippo’s technology reduces SaaS spending by spotting unused or underused app licenses.
Manage your SaaS
ControlHippo allows you to track all the work and usage so that nothing goes unused, wasted, or underutilized.
Automate Workflows
ControlHippo collaborates with users according to their license usage and automates workflows.
Zero Waste
Use SaaS License Management to track your SaaS app user licenses, and usage to avoid wastage.
Optimize Your SaaS in Minutes
Monitor and reclaim the unused licenses and make the most of your SaaS investment.
Cloud customer Experience
Reinforce software asset management with ControlHippo, save money and consolidate licenses.
SaaS License Management FAQ’s
Yes, a SaaS license management tool is necessary for businesses with multiple licenses. A SaaS license management tool can help identify unused licenses or underutilizing licenses. Your organization can save time and money with SaaS professional licensing management software.
The key difference between a license and SaaS is that while a license grants permission to use software installed on a local device, SaaS allows users to access software hosted on a remote server through a web browser.
SaaS typically uses subscription-based licensing models with different tiers of service and support.
Yes, a SaaS license management tool is necessary for businesses with multiple licenses. A SaaS license management tool can help identify unused licenses or underutilizing licenses. Your organization can save time and money with SaaS professional licensing management software.
SaaS licenses can be capitalized if they are integral to the operation of the business and provide a long-term benefit.
Manage License Data in One Place
Manage And Save Cost
Use ControlHippo to prevent your SaaS Subscription from going to waste.
Automate License Management
Easy license management with automated SaaS license management.
Precise Calculation
Measure license metrics in real-time with our License Management Program.