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Software Licensing Management involves the monitoring, tracking, and controlling of software licenses within an organization. It includes processes for ensuring compliance with licensing agreements, optimizing license usage, and reducing costs associated with software licensing. This may involve maintaining an inventory of software licenses, managing license agreements, renewing licenses as needed, and addressing any compliance issues that may arise. The goal of software licensing management is to effectively manage and protect an organization's investment in software licenses while ensuring legal compliance and cost efficiency.