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Submission + - Slashdot. How do you do software license auditing?

spandex_panda writes: My company wants to do software license auditing as we have recently acquired a couple of small companies. We are a medium (small) business of 60+ people, across 7 sites. How do you do software license auditing?

What is the industry standard way of doing it, are there any great free/cheap products which will do it. Can/should an in-house team do it or should we outsource.

"The most important thing in a man is not what he knows, but what he is." -- Narciso Yepes