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Definition of "Software asset management"

Organisations rely increasingly on technology in order to operate profitably and software as such should be treated as a valuable asset. Good Software Asset Management achieved through Best Practice enables organisations to save money through effective policies and procedures which are continuously reviewed and improved. Software Asset Management is a part of overall IT Service Management best illustrated by the IT Infrastructure Library (ITIL) guides, which is the mostly widely accepted approach to providing a comprehensive and consistent set of best practices.

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