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A new wave of capabilities is revolutionizing software security. Following Executive Order 14028, all software publishers who supply software to U.S. federal agencies must provide a Software Bill of Materials (SBOM). SBOMs support the implementation of a critical layer of security by enabling the analysis of the “hidden” components and libraries that make up software applications. This analysis reveals any components that are obsolete or that may contain a vulnerability that can put company networks at risk. The governance requirement extends beyond U.S. government agencies and provides fresh opportunities for Security and ITAM teams to expand their functional scope and engage powerful stakeholders. This white paper provides an introduction to SBOMs, enabling you to engage confidently with key stakeholders, establish processes, and explore reporting and tool requirements.