Many businesses are purchasing Microsoft 365 licenses, so that their employees can collaborate, share, store and access data easily. The business can purchase each license monthly, annually or pay for the license annually to save money. Often businesses find that some of the licenses purchased are not used or underutilized, due to various factors like change in business plans, employees leaving or being assigned other work.
Doing a Microsoft 365 license audit regularly will help to find out if the licenses are being utilized as required. If the Microsoft 365 license is not being used or required, it can be removed or replaced with other software to help the business save money.
Detailed information on doing a license audit is provided at Microsoft365license audit. It includes information on the procedure to be followed to find the licenses which are not required, how to take a backup of the data for a Microsoft 365 license before it is cancelled and money saved and the money saved.