The document describes FlexNet Manager Suite Cloud, a software license optimization solution delivered as a Software as a Service (SaaS). It provides key functionality including application discovery and inventory, license reconciliation between purchases and installations, software license optimization, and dashboards and reporting. Customers benefit from lower upfront costs, faster deployment, reduced software costs through optimization of license usage, and continuous license compliance. The solution is hosted and managed by Flexera Software and includes discovery, inventory, and license management functionality for major software vendors.