Software Asset Management (SAM) is an important IT asset management strategy used by organizations to effectively manage their software assets. In this regard, Lepide Software Asset Management tool, which is an asset tracking software, helps enterprises in the overall management and optimization of software purchase, licensing, deployment, utilization and their maintenance. Asset management software is implemented for asset tracking along with performing other functions like compliance management, software audit execution and license management. Based on the IT infrastructure, resources and business goals of organizations, network inventory software facilitates accurate asset estimation and management. The elementary purpose of inventory management software is to control the software assets within an organization and limit legal and business risks which come along with software procurement. With the help of such IT asset management software organizations are able to manage the available infrastructure in a better way. Furthermore, these systems also protect software investments and helps enterprises understand the full potential of the software applications. Through license management, SAM reduces software licensing costs and with that reduces legal risks involved. It also helps in asset tracking and executing software audits for better compliance management. Organizations are able to enforce strict software usage policies and maintain complete authority over their software assets with the help of optimum network inventory software.