This Whitepaper describes how a well-established ServiceNow SAM system can aid a company in lowering software expenses, improving compliance, and streamlining processes for employee software requests. ServiceNow SAM can also aid inventory control by capturing accurate data in databases, which aids in identifying organizational software needs and identifying unused software that can be eliminated. We may also utilize the data to consolidate the number of software providers in use and take the required steps to eliminate them if necessary.
The key to implementing it is to conduct a thorough cost-benefit analysis of incorporating ServiceNow SAM into the company’s business model & to estimate software costs in terms of investment, renewal, and regulatory compliance. After all, the goal of any firm is to explain its return on investment.