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Take charge of the Asset Lifecycle and Expenses

A single source of truth that allows you to extract ROI and make informed asset management decisions

IT Asset Management Software

fixed asset lifecycle management

Easy fixed asset lifecycle management, starting from procurement, spares, repairs to retirement. Gain control over warranties and AMCs due.

IT asset management

Agentless IT asset management for easy discoverability and on-boarding. Get complete control of all your assets with Inbuilt HAM and SAM.

ROI and cost measurement

Track detailed financial, compliance and legal needs of the asset usage. Easy to measure ROI and cost measurement is simple and transparent.

Features Highlights

Fixed Assets and Spare Management - IT Asset Management Software Features

Fixed Assets and Spare Management

FAM helps cut costs considerably by tracking the asset lifecycle and unearthing spares replacement and management.

Agentless IT Hardware Assets - IT Asset Management Software Features

Agentless IT Hardware Assets

No deployment hassles since there is no need to install agents on each endpoint. IA is faster and easier to implement as it rapidly can “scan/search” for inventory endpoints.

Manage Software Licenses - IT Asset Management Software Features

Manage Software Licenses

Ensures that you are license compliant at all times. Avoid issues associated with non-compliance and wasteful usage of unused licenses. Track overflow usage of licenses that have been activated but need to be legally purchased from the vendor.

Software Metering - IT Asset Management Software Features

Software Metering

Software metering involves the analysis of software usage statistics and aids Administrators in reducing the expense overhead incurred from unwanted renewals and upgrades.

Assets Life cycle management - IT Asset Management Software Features

Assets Life cycle management

Helps to manage all the phases of the life cycle of an asset right from requisitions to retirement including depreciation calculations, audit trails, etc.

Location Tracking and Auditing - IT Asset Management Software Features

Location Tracking and Auditing

Helps track the physical location of assets using web UI or bulk upload via CSV. Allows the user to see on line Geo Map or on drill down map view

Asset Spend Analysis - IT Asset Management Software Features

Asset Spend Analysis

Understand how each asset “actually” costs to the enterprise in terms of spend, maintenance and upkeep. Perform detailed analysis using a matrix of manufacturer and product types that spans both hardware and software.

Expected Future Expenses - IT Asset Management Software Features

Expected Future Expenses

Gain insight into all potential costs that may arise from, replacement, refurbishment, end-of-life and maintenance. Show significant ROI to Finance departments.

Reduce Costs & Expenses - IT Asset Management Software Features

Reduce Costs & Expenses

Staying up-to-date and informed about the active assets empowers you to make data-backed decisions about acquiring new assets, which will lead to cutting unnecessary expenses.

Key Features

  • Manage assets across locations
  • Track License Expiry & Renewal
  • Customer Dashboards and Reports
  • Trueup costs analysis
  • Actionable insights
  • Notification
  • Greater control with custom roles
  • Tagging and Device grouping
  • Network Topology

Basic Features

  • Hardware Assets Management (HAM)
  • Software Assets Management (SAM)
  • Vendor Management
  • Spare/Stock Management
  • Software License Management
  • Drill down Mapview/Location View
  • Live geo map (Geo Location mapping)
  • Notification (Support Expiry and End of Life)
  • Hardware & Software Assets Reports

Advanced Features

  • Assets Discovery
  • Active HAM & SAM
  • Network Topology
  • Software Inventory Management
  • Software License Compliance
  • Advance HAM Business Analysis
  • Advance SAM Business Analysis

Simple Transparent Pricing

IT Asset Management Software - Basic Plan

Free Plan

FREE

1 User

IT Asset Management Software - Free Plan

Basic Plan

$20 /mo

2 Users

$33 /mo

5 Users

$58 /mo

10 Users

$83 /mo

15 Users

$125 /mo

25 Users

$208 /mo

50 Users

$291 /mo

100 Users

IT Asset Management Software - Standard Plan

Standard Plan

$41 /mo

2 Users

$66 /mo

5 Users

$116 /mo

10 Users

$166 /mo

15 Users

$250 /mo

25 Users

$416 /mo

50 Users

$583 /mo

100 Users

IT Asset Management Software - Pro Plan

Pro Plan

$54 /mo

2 Users

$83 /mo

5 Users

$150 /mo

10 Users

$208 /mo

15 Users

$333 /mo

25 Users

$541 /mo

50 Users

$750 /mo

100 Users

Features

Basic

User Management

Roles and Privilages

Custom Fields

Excel Import & Export

Advance Access- Device Groups

Device Tagging

Passive HAM

Passive SAM

Software License Management

Standard Hardware Dashboards

Standard Software License Dashboards

Drill down Mapview/Location View

Free Plan

-

Mini Plan

-

Standard Plan

-

Pro Plan

-

FAQs

IT assets are the most essential components within an IT environment. Simply put, any software, hardware, or information that an organization value is known as the IT assets.

The process by which the IT assets are maintained, deployed, upgraded and disposed of at the right time is called IT Asset Management. With the help of IT asset management, IT assets can be tracked for an upgrade, replacement or support including software license management.

IT asset management is a broader term that includes multiple types such as:

  • Digital Asset Management

Also known as intellectual property management, this type of IT asset management refers to the maintenance and management of digital assets like videos, photos, presentations, files, documents, etc. These assets may be produced by your organization or procured from a third party.

  • Software Asset Management

Any organization tends to use different software solutions/platforms to conduct their businesses. These are known as software assets. Ensuring seamless software asset management is crucial, given that they form the backbone of many business processes. Hence, you should regularly evaluate its compliance, functionalities, and performance.

  • License Management

With the constant need for more software assets, there are several licenses in your organization. These software licenses must be renewed on time to ensure business continuity. Every time the license is renewed, the agreements must be verified to check for compliance with the latest organizational regulations and policies.

  • Hardware asset management

In recent years, despite digital transformation, hardware assets continue to be an integral part of executing business processes. But unnecessary maintenance costs should be eliminated by consistently checking the hardware warranties. It can empower you to keep track of warranty type, expiry date, and other covered details.

  • IT Asset examples

IT ecosystems can be highly complex since they involve various devices, systems, networks, and facilities. Also, many of the assets are obtained from third parties, which makes it difficult to clearly define the IT assets of an organization. Generally, IT assets are defined based on the business type, role, or applications.

A few examples of IT assets are:

  • End-user devices

Computers, laptops, mobile phones, projectors, and printers are a few of the end-user devices - defined as company-owned or leased IT assets.

  • In-house developed software products

Any software solution developed internally is an IT asset that belongs to the organization.

  • Infrastructure hardware

Infrastructure hardware assets include data centers, servers, modems, and network devices comprise

  • Digital Data

Data is one of the most important IT assets in your organization. The data obtained from operational processes and research can be a competitive differentiator in your organization’s growth.

  • Fixed Asset Management

  • IT Asset Management

  • Enterprise Asset Management

  • Financial Asset Management

The IT asset of a company is the essential information and IT components of an organisation. When these assets go through a set of stages in the organisation, it is called the IT asset lifecycle. The IT asset lifecycle management keeps the owner of the organisation informed about the needs, changes and services required for better productivity.

The steps of an IT asset lifecycle include:

  • Plan

The first step is to plan what type of IT assets that your organization should invest in. The planning stage includes calculating the total asset costs involved.

  • Acquire

The second step is to procure the assets.

  • Implementation

The third stage involves the installation and integration of the IT asset tool with the existing system.

  • Maintain

The fourth step involves maintenance, repairs, upgrades, and updates.

  • Retire

When an asset is no longer required for the organization or when it no longer serves its purpose, it needs to be retired.

Hardware Asset Management tracks and manages the physical components of IT that are laptops, desktops, servers, etc.

On the other hand, Software Asset Management manages and optimizes the purchases, deployment, maintenance and disposal of software components of IT.

The process by which an organization’s physical assets are maintained and tracked is known as Fixed Asset Management system.

IT Asset Management Software on the other hand is software that manages all the IT practices of an organization. It is a dedicated application that simplifies the entire asset management procedure.

Any business organisation may need an Asset Management system in order to keep IT / Non-IT assets maintained and track them with a systematic approach.

Some of the IT assessment tools include:

License management tool - Monitor and track software licenses, expiry date, and renewal date while ensuring regulatory compliance.

Automated inventory tool - Identify all the IT assets in your organization

Product/Service catalog tool - Create a list of all the approved products/services with a fixed assets management software tool and track software details like name, version, license agreement, etc.

Database management tool – Build a central repository of your IT assets – along with configurations, versions, and other details for easy checking and verification.

Asset Management Software is software that manages all the IT practices of an organization. It is a dedicated application that simplifies the entire asset management procedure.

Asset Tracking tracks all the assets that keep the business operations running. It can monitor the conditions of the assets, schedule maintenance, improve lifecycle management and lots more.

IT Asset Management can be said as the backbone of an organisation. It accounts and tracks incoming assets, aids in financial, contractual and risk management's responsibilities that manage the lifecycle of each asset.

Hardware, software, and network are the most important assets for an IT company, but they are also expensive and difficult to maintain or improve. But poor asset management can disrupt the smooth functioning of your critical business processes.

IT Asset Management tools or software cost varies depending on the functionality and type of business organisation. For small to medium-sized businesses the asset management software can cost $20 to $50 a month. For larger organisations, the cost is mostly above $100.

  • Asset Lifecycle Management.
  • IT Asset Inventory Management.
  • Tracking Assets.
  • Maintenance Management.
  • Work Order Management.
  • One Centralized System.
  • Asset Discovery.
  • Software License Management 
  • Asset Spend Analysis
  • Current True up cost, etc
  • Saves your time, effort and money.
  • Saves you from getting a penalty in terms of financial risk.
  • Keeps you informed about all the assets.
  • Helps you with budgeting.
  • Mitigates the security risk.
  • Reduces liability risks.

There’s no denying that having an efficient IT asset inventory and management system can lead to tremendous business benefits. Some of them include:

  • Ownership cost management

The cost of ownership of IT assets includes the costs of purchasing the assets, acquiring the licenses, and renewing the subscriptions. It also includes the expenses incurred in managing and maintaining the assets. It is why monitoring the assets leads to extracting more ROI. A state-of-the-art IT asset management software helps keep track of all the assets and maximize the ROI.

  • Business continuity

IT asset management tools help manage and track all your assets to ensure a secure backup in case of system crashes or network outages. You also have all the necessary information on the assets involved in the business process.

  • Informed purchase and deployment

An IT asset lifecycle management software system helps you have a clear understanding of your IT assets. You are equipped with the right information while purchasing a new software system or deploying a product. It also aids in optimizing your business functions – unlocking more value from IT assets.

  • There are four methods for depreciation: straight line, declining balance, sum-of-the-years' digits, and units of production.

    • Straight-Line Depreciationis a very common, and the simplest, method of calculating depreciation expense. In straight-line depreciation, the expense amount is the same every year over the useful life of the asset.
    • Declining Balance DepreciationCompared to other depreciation methods, double-declining-balance depreciation results in a larger amount expensed in the earlier years as opposed to the later years of an asset’s useful life. The method reflects the fact that assets are typically more productive in their early years than in their later years. With the double-declining-balance method, the depreciation factor is 2x that of the straight-line expense method.
    • Sum-of-the-Years' Digits Depreciationmethod is one of the accelerated depreciation methods. A higher expense is incurred in the early years and a lower expense in the latter years of the asset’s useful life.In the sum-of-the-years digits depreciation method, the remaining life of an asset is divided by the sum of the years and then multiplied by the depreciating base to determine the depreciation expense.
    • Units of Production Depreciation method depreciates assets based on the total number of hours used or the total number of units to be produced by using the asset, over its useful life.

The installation of agent software for monitoring IT assets on each computerto be managed is called agent-based software asset management. They can collect a huge range of data of an IT assets.

Non-agent-based software asset management requires no agent to be installed. One does not need to install anything on the target systems. The non-agent system is faster and easier to implement, and it can collect a good amount of data.

Software license compliance allows identification and auditing of the software and software license of an organisation. This ensures that everything remains genuine according to the current policyand wasteful usage of unused licenses.Track overflow usage of licenses that have been activated but need to be legally purchased from the vendor.

IT Asset Management

Importance of Asset Management

Hardware, software, and network are the most important assets for an IT company. These IT assets are expensive and require a lot of effort and care for maintenance. Plus, these assets are very important to ensure smooth functioning of all the business processes. All these factors together make asset management very essential for the organisation.

The goals of IT asset management are:

  • Improving enterprise productivity with the use of the right tools and technologies
  • Ensuring compliance with all the relevant regulations and security policies
  • Containing the costs involved in maintaining and managing IT assets
  • Cutting down costs involved in licensing and support costs by reallocating or eliminating unused resources
  • IT Asset examples

    IT environments are highly complex and involve various tools, technologies, and facilities. Also, many of the assets are obtained from third parties. So, it’s difficult to clearly define the IT assets of an organisation. Generally, IT assets are defined based on the business type, role, or applications. A few examples of IT assets are:

  • End-user devices
  • Computers, laptops, mobile phones, projectors, and printers are a few of the end-user devices, which can be defined as IT assets. These assets can be company owned or leased.

  • In-house developed software products
  • Any software solution developed by your company becomes your IT asset.

  • Infrastructure hardware
  • Data centres, servers, modems, and network devices comprise infrastructure hardware assets.

  • Digital Data
  • Data is one of the most important IT assets that a company can own. Data obtained from operational processes and research will be greatly useful in developing your organisation.

    Steps involved in IT Asset Lifecycle

    The steps of an IT asset lifecycle include:

  • Plan
  • The first step is to plan what type of IT assets that your organisation needs to invest in. The planning stage also includes calculating total cost to company.

  • Acquire
  • The second step is to procure the assets.

  • Implementation
  • The third stage involves installation and integration of the IT asset tool with the existing system.

  • Maintain
  • The fourth step involves maintenance, repairs, upgrades, and updates.

  • Retire
  • When an asset is no longer required for the organisation or when it no longer serves its purpose, it needs to be retired.

    Types of IT Asset Management

    IT asset management is an umbrella term that includes a host of types and services. The various types of IT asset management include:

  • Digital Asset Management
  • This type of asset management is also known as intellectual property management. It refers to the maintenance and management of videos, photos, presentations, files, documents, and any other kind of digital asset. The assets can be those produced by the company or procured from a third party.

  • Software Asset Management
  • An IT company will require a wide range of software solutions and platforms for various applications. Companies invest a lot on these software solutions as they are vital for business processes. However, to get the best value from your investment, you need to regularly evaluate the performance and functionalities of the software programs. An IT asset management software can be used to regularly evaluate the software programs and platforms for compliance, security policies, and proper functioning.

  • License Management
  • Software licenses need to be renewed on time to ensure continuity of operation. Also, every time the license is renewed, the agreements should be verified to check if they ensure compliance with the organisation’s regulations and policies.

  • Hardware asset management
  • Reduce unnecessary maintenance costs by regularly checking the hardware warranties. This type of asset management helps keep track of the type of warranty, date of expiry, and kinds of services and replacements covered by the warranty.

    Benefits of IT Asset Management

    You may wonder why it’s necessary to have an IT asset inventory and management system. There are many ways in which your organisation will benefit from using such a management system. A few of the benefits include:

  • Manage cost of ownership
  • The cost of ownership of IT assets includes the costs of purchasing the assets, acquiring the licenses, and renewing the subscriptions. It also includes the expenses incurred in managing and maintaining the assets. In order to get the best value for your investment, you need to monitor the assets. An IT asset management software helps you keep track of all the assets to help you get the maximum returns on your investment.

  • Business continuity
  • IT asset management tools help manage and track all your assets, so you will have a secure backup in case of system crashes or outages. You will also have all the information you need regarding the tools and technologies that were used in the business process.

  • Informed purchase and deployment
  • An IT asset lifecycle management software system helps you have a clear understanding of the IT assets that you have. So, you will have the right information at hand when you’re purchasing a new software system or deploying a product. It will help you optimize your business functions and get more value from your IT assets.

    Types of IT assessment tools

    The various types of IT assessment tools include:

  • License management tool
  • It helps monitor and track software licenses, expiry date, and renewal date. It will also help check compliance with regulations. Automated inventory tool - This intelligent tool identifies all the IT assets in your organisation.

  • Product/Service catalog tool
  • A fixed assets management software tool helps create a list of all the products and services offered by your organisation and approved for use within your organisation. It also maintains track of details such as name of software, version, license agreement, and such.

  • Database management tool
  • It creates a central repository of all the IT assets, their configurations, versions, and other details for easy checking and verification.

    To know more about our software asset management solutions, contact us right away.

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