What Is IT Asset Management Software?

IT Asset Management Software Helps Companies to Manage Technology Equipment and Save Money

Companies across all industries are looking for new and innovative ways to significantly improve the way they manage a vast array of technology equipment – including computer hardware and software applications, telecommunications systems, data, local area and wide area networks, and hosted solutions obtained through third-party service providers. IT asset management software packages provide them with the tools they need to effectively facilitate this emerging, yet increasingly critical business discipline.

IT asset management software enables efficient and effective end-to-end tracking of technology components throughout their lifecycle, from the time they are evaluated, purchased and acquired, until they are rendered obsolete and replaced with new systems. With an IT asset management software application, companies can:

More Accurately Determine Value

How much are your existing IT assets currently worth? How rapidly do they depreciate? How will new purchases affect the overall value of your infrastructure?

With an IT asset management software solution in place, companies can easily obtain the answers to these and other questions, so they can assess the value of their technology components with greater speed and precision. Armed with this knowledge, they can put plans in place to fully leverage the value of these assets, and maximize return on their technology investment.

Better Manage Inventory

In today’s global marketplace, servers, networks, applications, PCs and peripherals, and other components are often scattered across multiple geographically-diverse locations, making it increasingly difficult to track and monitor them.

With IT asset management software, companies can more effectively manage their technology assets, no matter where they reside. This, in turn, enhances strategic technology planning and decision-making by allowing them to better understand what they already have and what they need.

Analyze Usage Patterns

The ability to gain a true understanding of how systems are used is crucial to effectively managing an enterprise architecture. With an IT asset management software package, organizations can achieve greater insight into how end users access and execute the various features and capabilities of their applications. This can help identify and minimize potential underutilization, uncover critical system interdependencies, enable more accurate and effective change impact prediction and analysis, and ensure optimum performance levels.

Measure Business Impact

Today’s technology systems have a significant impact on a company’s core business operations, as well as its bottom line. With an IT asset management software solution, organizations can truly understand how applications and systems affect their day-to-day activities and ongoing performance. As a result, they can more closely align their technology strategies with their most important goals and objectives.

Increase Governance and Control

Many organizations suffer from a lack of well-documented IT policies. This can result in solution mismanagement, renegade technology purchasing, asset underutilization, licensing issues, and other problems. An IT asset management software system allows for enhanced control over technology costs, as well as improved management of related liabilities, compliance issues, and losses. With IT asset management software in place, companies can more effectively create, implement, and enforce governance procedures and practices that enhance the way technology components are acquired and overseen.