Essentially, a Cisco Smart Account is a container that allows you to organise every license and agreement that exists within your entire organisation into one centralised place. It’s an easy-to-use way of taking back control of all your active investments that have ever been made with Cisco to provide full visibility and control.
It also gives you the ability to strictly control the access that your specific employees and users have to these assets by setting permissions.
Smart Accounts are already mandatory for many popular Cisco products and a point worth mentioning is that you must already have a Smart Account to order and receive Smart License products.
They also give great visibility into the history of licensing procurement in your firm as you can see below. This shows you which license it is, when it was acquired and who did the procurement.