Startup Idea : Software license manager

Companies, large and small often forget renewing their software licenses. It so happens that a new project comes in, new software tools are evaluated and the project is kickstarted, and people forget to install software thereby posing a threat to the organisation for software license infringements and legal complications. Also, employees can be prohibited from installing non-complying software on their machines automatically.To prevent this a tool maybe created to help IT managers monitor software licenses and mitigate the risks. The tool could be sold as a SaaS as well as on-premise deployments