Many organizations face Microsoft True Up which audits the amount of licenses purchased and much of them are used. It takes quite some effort to make sure the organization is compliant to avoid any financial penalties when more licenses are used than initially purchased. When the auditor arrives, then he or she also takes quite some time gather all the required information so compliancy can be checked.
System Center Configuration Manager 2012 allows organizations to make this auditing process go smoother. Asset Intelligence is used to provide compliancy. After enabling the Asset Intelligence Synchronization Point, all you need is your Microsoft Volume License Statement which can be downloaded at your portal. Importing this file is a straightforward action and takes a few minutes.
Using Asset Management by running the Hardware and Software Inventories and Software Metering allows administrators to gather all the required information needed to validate compliancy. It may be clear that all machines need to be equipped to allow the organization to run the inventories.
Once the auditor comes by to do the audit, then I can imagine he can leave quickly after generating a few of the reports displayed here.
I can imagine that an auditor is very happy when he sees a ConfigMgr 2012 deployment up and running because it allows him to get the information quite fast using these reports.
In the previous version, ConfigMgr 2007 people were building their own reports. While I encourage this it is very likely that the standard reports here should get you starting pretty well.
Hope this helps…