FrontRange Solutions, a developer of service management and IT asset management software, has launched new version of License Manager, which it claims to help users drive down software costs and risks through better visibility and optimised use of available assets.

The company said that the new version 3.1.1 features a new data collector that is designed to import software audit information into License Manager from the Microsoft System Center Configuration Manager (SCCM) 2007 offering. This will enable organisations to invest in SCCM to record and reconcile their license entitlements against the actual software installed across the network.

According to FrontRange Solutions, License Manager 3.1.1 enables organisations to reconcile recorded software licenses against the software on the network. It has the ability to automatically apply upgrade and downgrade rights, or reflect license restrictions such as territory and/or language.

The company claimed that its new software makes it easier for IT and finance staff to eliminate unnecessary spend and possibly re-negotiate license and support contracts with software vendors, by highlighting where an organisation has more licenses than it is currently using.

Matt Fisher, director at FrontRange, said: "With research showing that organisations can save up to 25% of their IT budget by investing in better software management, its no wonder that understanding what applications are on the network and how they are licensed is becoming a top priority for both IT and finance professionals.

"While SCCM and other solutions can give organisations visibility of what applications are installed on the Windows desktops, there is real opportunity to both create savings and avoid risks by fully understanding the current licensing situation."