Track Software Licenses Sales in ERP?

I'm looking at ERP software for a company that designs and assembles machines which include the software for free.  In the future, they plan to license the software instead.  Would you keep track of these software licenses in your ERP software or somewhere else? 
If they decide to sell the software, it may come with 1 year of upgrades \ support.  It might be a license key or physical license file.  It'll probably be licensed per device but per user should be a possibility. 
I'm currently coming up with a list of requirements for the ERP implementation and wondering what to ask\look for or if there is some other program that's typically used to track licenses?  Currently I'm looking at dynamics gp, netsuite, epicor, and maybe a few others.
This topic first appeared in the Spiceworks Community

Its Resolved.
Using standard Sales Cycle in sap selecting without tax in sales order.

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