Organizations of all sizes rely heavily on IT assets to support their daily operations. Managing these assets can be challenging, from computers and servers to software licenses and network devices, especially for businesses with complex IT infrastructures. That’s where IT asset inventory software comes in handy. These tools help companies to keep track of their IT assets, monitor their usage, and ensure they are up-to-date with the latest security patches and software versions. We will look closely at the seven best IT asset inventory software available today and their pros and cons as a guide to the various solutions in 2023.
Related article: Fixed Assets Inventory and its Importance
Why is IT asset inventory software important for your business
IT asset inventory software is a tool that helps businesses keep track of their IT assets, including hardware, software, and licenses. It provides organizations an efficient and accurate way to manage their IT assets, from procurement to retirement. Here are some reasons why IT asset inventory software is essential for your business:
Improved Asset Tracking and Management
One of the significant advantages of IT asset inventory software is that it enables businesses to manage their assets better. It provides a complete view of all IT assets, including their location, status, and usage. With this information, organizations can easily track their IT assets, which can help them optimize their usage and reduce costs.
Enhanced Security and Compliance
IT asset inventory software can help businesses comply with security and compliance regulations. The software can track the usage of software licenses, ensuring that the company is using only the necessary licenses. It can also help identify and remove any unauthorized software, reducing the risk of security breaches.
Increased Productivity and Efficiency
With IT asset inventory software, businesses can reduce the time and effort required to manage their IT assets. The software automates asset tracking and management, allowing IT staff to focus on other tasks. This increased efficiency can lead to improved productivity and reduced costs.
Better Planning and Budgeting
IT asset inventory software can help businesses plan and budget for future IT investments. By providing accurate and up-to-date information on the organization’s IT assets, the software can help identify areas where additional investments are required. It can also help identify areas where cost savings can be made.
Simplified Auditing and Reporting
IT asset inventory software can simplify the auditing process, providing all the information required for audits in a centralized location. The software can also generate reports on IT asset usage, which can help businesses identify areas where improvements can be made.
Therefore, IT asset inventory software is essential for businesses of all sizes. It can help companies to track and manage their IT assets, comply with security and compliance regulations, increase productivity and efficiency, plan and budget for future investments, and simplify auditing and reporting. By implementing IT asset inventory software, businesses can ensure that their IT assets are being used efficiently and effectively, leading to improved business outcomes.
The 7 Best IT Asset Inventory Software in 2023
IT asset inventory software allows organizations to keep track of all their IT assets, including hardware and software, and their usage.
Freshservice
Freshservice is a cloud-based IT asset management software that offers a wide range of features. It enables companies to keep track of all their IT assets, including hardware, software, and peripherals. Freshservice offers a user-friendly interface and is highly customizable. Its features include asset tracking, contract management, and purchasing management.
Pros:
- User-friendly interface
- Customizable
- Offers a wide range of features
Cons:
- Reports may not be as detailed as some other options
- Pricing can be expensive for larger businesses
SolarWinds
SolarWinds is an IT asset management software offering advanced features like network discovery and automated software deployments. It allows companies to manage their assets in real-time and includes asset tracking, license management, and inventory management.
Pros:
- Advanced features such as network discovery and automated software deployments
- Real-time asset management
- Offers a wide range of features
Cons:
- Pricing can be expensive for larger businesses
- Some features may not be as user-friendly
ManageEngine AssetExplorer
ManageEngine AssetExplorer is a comprehensive IT asset management software offering asset tracking, inventory management, and contract management features. It also offers features such as software license compliance and procurement management.
Pros:
- Comprehensive asset management software
- Offers features such as software license compliance and procurement management
- Customizable
Cons:
- Reports may not be as detailed as some other options
- Pricing can be expensive for larger businesses
Spiceworks
Spiceworks is a cloud-based IT asset management software that offers features such as network monitoring, help desk, and software inventory management. It enables companies to manage their assets in real-time and includes asset tracking and inventory management features.
Pros:
- Real-time asset management
- Offers a wide range of features
- Cloud-based
Cons:
- Some features may not be as advanced as some other options
- Limited customization options
Lansweeper
Lansweeper is an IT asset management software offering asset tracking, inventory management, and network scanning features. It allows companies to manage their assets in real-time and includes license and purchasing management features.
Pros:
- Real-time asset management
- Offers a wide range of features
- Comprehensive reporting
Cons:
- Can be expensive for larger businesses
- Some features may not be as user-friendly
Asset Panda
Asset Panda is a cloud-based IT asset management software that offers asset tracking, inventory management, and maintenance management. It also offers mobile access, which enables employees to access the system from their smartphones.
Pros:
- Mobile access
- Customizable
- Offers a wide range of features
Cons:
- Can be expensive for larger businesses
- Limited reporting options
Infraon Assets
Infraon Assets is software designed to help businesses keep track of their physical assets, such as equipment, tools, and inventory. It allows you to create a database of your assets and keep track of their location, condition, maintenance schedules, and other important information.
With Infraon Assets, you can quickly generate reports on asset usage, availability, and depreciation. You can also set up alerts for when assets require maintenance or replacement. It helps businesses maximize their assets’ lifespan, minimize downtime, and reduce overall costs. The user-friendly software can be accessed through a web browser or mobile app, making it easy to use on the go. It offers different plans, from essential, standard, and professional to an enterprise. The starting price for the Essential package of 5000 assets and 50 users is $289 monthly. The Standard package of 5000 assets and 50 users is $416 per month, and the most popular Professional package of 5000 assets and 50 users is $665.
Pros
- Easy setup and use
- Reasonably priced
- Secure
- Scheduled maintenance
- Reporting on asset usage, depreciation, and other metrics
- Mobile app available
- User-friendly and easy to navigate
- Tracks networked and non-networked assets
Cons
- Enterprise-level customized pricing only upon request
Verdict
Infraon Assets is an asset management software that provides a comprehensive solution for controlling and managing various assets, such as equipment, tools, and facilities. The software is designed to help organizations track, manage, and maintain their assets, thereby reducing downtime, optimizing resources, and maximizing the return on investment. Some of the critical features of Infraon Assets include:
- Asset Tracking: Infraon Assets enables you to track your assets in real-time using advanced RFID and barcode scanning technologies, ensuring you always have an accurate inventory.
- Maintenance Management: The software enables you to schedule and track maintenance activities, such as repairs, replacements, and inspections, ensuring that your assets are always in good working condition.
- Asset Lifecycle Management: Infraon Assets helps you manage the entire lifecycle of your assets, from acquisition to disposal, by providing you with tools to manage asset depreciation, calculate ROI, and make informed decisions about asset retirement.
- Customizable Dashboards: The software comes with customizable dashboards that enable you to monitor key asset metrics, such as asset utilization, maintenance costs, and asset lifecycle status, in real-time.
- Mobile App: Infraon Assets offers a mobile app enabling you to access asset information and perform asset management tasks from anywhere, anytime.
Infraon Assets also offers the following modules:
- Hardware Asset Management: To track IT hardware and software assets throughout their lifespan. It involves cataloging, tracking, and managing any physical hardware, such as computers, printers, servers, and routers.
- Software Asset Management: To drive software asset lifecycle efficiency – from basic software review to licensing and managed solutions.
- IT Asset Management: (ITAM) is a critical enabler for IT directors/heads/managers looking to future-proof their digital transformation initiatives. I
- Software Licence Management: SLM for software license monitoring and to eliminate wasteful spending on expired software assets
- Barcode Asset Tracking Software: To track physical assets from when they are bought until they are disposed of
- QR Code Asset Tracking Software: Allows enterprises to quickly and easily scan QR codes placed on assets and then easily track and manage those assets.
- CMDB Software: To track and manage assets more effectively, automates asset management processes, and improves asset visibility and control
- Asset Discovery Software: To stay on top of your IT asset lifecycles and get real-time data and insights to improve your decision-making regarding license renewals, device replacements, audits, etc.
- Spare Parts Management System: To help enterprises keep track of their spare parts inventory. This system can be used to track the location, quantity, condition, cost of spare parts, and cost of repairs.
- Manufacturing Solution: To digitalize processes and workflows and achieve digital transformation in Manufacturing.
- Tool Tracking Software: An end-to-end tool tracking software is a system that helps organizations track the use and status of tools throughout their lifecycle.
- MSP Solution: A central point of contact between an MSP and its customers. It manages customer inquiries, provides support and troubleshooting, and escalates issues to appropriate MSP staff.
- Ticket Management Software: To track and manage customer service requests and inquiries.
- IT Helpdesk Software: To assist users in providing technical support to customers
Related article: Asset Inventory System in 2023
Final Note
IT asset inventory software is essential for businesses to manage their IT assets effectively. The seven software options listed above are some of the best IT Asset Inventory software in 2023 and offer a range of features and customization options to suit the needs of different businesses. While they may have similar features and offer different pricing models, it is essential to consider your business needs and choose carefully after weighing the pros and cons of each Asset Inventory Software in 2023.
