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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
Fixed Assets Management
Track Hardware expenses
Hardware assest life cycle management
True cost analysis
Main features of HAM
Effective Hardware Asset Management that understands fixed asset management system scan elevate the performance of your technology ecosystem. It gives you real-time updates about the hardware lifecycle and keeps you informed about how hardware assets are used in your organization.
Some of the key features of Hardware Asset Management are:
The hardware lifecycle involves five stages- procurement, deployment, maintenance/support, retirement, and disposal. Maintaining the lifecycle is a complex task when handled manually, especially in a medium to large organization. But if you integrate your hardware vendors, asset registers, inventory tools, etc., into an automated platform.It increases organizational productivity and reduces human efforts and errors.
Lifecycle alerts keep you updated about the upcoming hardware expiration date, warranty updates, and much more.They are crucial in maintaining the life of the hardware system. Lifecycle alerts equip you to make decisions that reduce the risk of losing hardware machines before it is fully utilized.
Asset auditing gives you consolidated information of your asset records. It includes all the relevant data from the start to the end of a hardware asset’s lifecycle. In addition, you can harness asset auditing to automate workflows such that all the records are updated regularly without the need for CIs.
Key business benefits of HAM
- Generate customized reports on hardware and software inventories- helping financial audits.
- Restrict access to hardware storage devices like USB or other removable devices – preventing misuse of your corporate information.
- Keep track of license renewal and warranty details of endpoint devices – maximizing your network ROI
- Leverage automated hardware scanning that works in sync with end-user actions – reducing the chances of human errors.
- Check the status of hardware devices and filter them according to the hardware type, manufacturer, etc. – streamlining your asset management strategy.
Benefits of HAM
HAM streamlines the asset lifecycle and sends alerts at the right time. This makes it easy for youto can plan your hardware expenses and also save on licenses.
HAM enables you to maximize the ROI of all your hardware assets. As importantly, you can dispose of your assets at the right time - saving a significant amount of maintenance costs. It also helps in creating a schedule for service that minimizes the need for frequent repairs.
Centralized access to data
All the data can be accessed in one place, which means all the teams in your organization can access the right information at the right time. HAM ensures that users are authenticated to access the information so that no confidentiality protocols are broken. This way, your employees can avoid billing surprises too.
More asset security
When integrated with software asset management, asset tracking in HAM goes a long way to prevent untoward situations like asset thefts, which can severely impact your business. It tracks all the assets and sends alerts whenever an asset is moved suspiciously.
Everything you need to know about Hardware Asset Management
In this digital economy, where many seem to be moving their infrastructure to virtual servers like the cloud, hardware equipment like networks and servers may seem obsolete. However, it is far from reality as organizations are still dependent on hardware systems. After all, complete digital transformation can be complex and time-consuming. Hence, on-premises systems are going nowhere.
Therefore, maintaining the lifecycle of hardware assets is crucial to the overall organizational effectiveness. It’s where Hardware Asset Management (HAM) comes into the picture.
Let us delve deep into why hardware assets continue to matter in today’s software era.
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What is HAM?
A subset of IT asset management systems, Hardware Asset Management is the backbone of business operations. HAM deals with a specific set of assets that form the physical components like monitors, networks, servers, laptops, etc.For the organization to maximize efficiency, it is pertinent that HAM aligns other IT asset management protocols. It also nurtures the organizational capability to implement complex software requirements in a cost-efficient manner.
The HAM process starts when there is a request to access the hardware asset.It ends at a time when the asset is no longer required. The process includes the time taken to maintain and fix any hardware issues.
Why is HAM important?
HAM may sometimes be analogous to fixed asset management hardware assets. It optimizes the financial and maintenance processes. To gain the maximum benefits of hardware for your organization, you need HAM processes in place, along with an understanding of these business processes and how to fix the hardware inventory.
Hardware Asset Management is one of the imperative IT infrastructure management practices.As per reports, businesses that have adopted hardware management practices have achieved 30% reduced overheads in the first year of implementation.
Unlocking the capabilities of HAM
Hardware Asset Management, a part of IT asset management, is capable of equipping organizations to perform, monitor, and grow. However, it is important to note that strategic HAM planning should be aligned with your organizational values and vision. Otherwise, you may not get the desired results.
So, before you embark on your HAM journey, your C-suite team should get together and be aligned on what your organizational goals are.
Digitalization has transformed the way that organizations carry out their day-to-day operations. Undoubtedly, many are dependent on a fewer number of hardware devices than before. But these assets are criticalenough to require the utmost care while managing them. But when done right, your organization can achieve holistic growth with effective Hardware Asset Management practices.
Everest IMS is equipped with cutting-edge technology solutions and highlyskilled resources to make the most out of your hardware devices. Backed by years of experience in successfully empowering our clients to maximize asset ROI, we can help you build and implement the best-fit HAM strategy across your organization.
If you would like to know more, reach us at: enteremailID@everestims.com