Yes. Open iT supports e-mail alerts on different license events such as stoppage of a license server, license expiration, and exceeding license usage thresholds. You can define the conditions of your alerts based on your requirements.
For example, your administrator may want to receive an e-mail if your licenses have reached 90% utilization. The administrator can set up an alert for 90% Max Utilization and configure it to send it to his e-mail, instead of constantly monitoring the dashboards.