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Connector Office 365 Licensing
I manage multiple tenants and having my licenses in Asset Management would be very beneficial. Just like other licenses these are assigned to users and organizations which already exist in Service Manager. In general my thought is this would help with reporting, alerts, request offering integration, and so on.
Couple things I'm thinking are request offering for Accounting to request licensing breakdown per organization/user/department (without taking my time since this happens monthly), new hire/termination account provisioning, managing license utilization to control costs.