Best IT Asset Management Software
With the right software, IT managers can centralize administration and create a system to manage their valuable IT assets. However, choosing the right ITAM software solution can be challenging considering the complexities of the IT asset management field. Here is GoodFirms authentic list of the best IT asset management software that can help IT managers, to select the most suitable ITAM tool for their organization without hassle. Curated by GoodFirms experienced software research team, the list allows you to choose from the IT asset management software available in the market. Check out the below list with verified customer reviews and ratings, apply filters, check pricings and choose wisely.
List of the Best IT Asset Management (ITAM) Software with Reviews.
Asset Panda is a highly flexible asset tracking and management platform that works the way you do to give everyone in your organization quick and easy access to information they need about your company’s assets—ultimately allowing you to work smarter. In addition to asset management, it optimizes and streamlines everything from auditing to facilities management to calibration tracking and so m ... read more about Asset PandaContact vendor14 Days25% in IT Asset Management Software
Reftab is the easiest software platform for managing fixed assets. Keep track of your assets, licenses, accessories and consumables with reservations and loans. Scan asset tags with easy-to-use mobile apps. We also offer a full featured maintenance module to schedule and log maintenance work. ... read more about ReftabFree versionAvailable34% in IT Asset Management Software
Atera is a cloud based all-in-one remote monitoring & management (RMM) software suite for IT service providers. Atera includes everything you need to grow your IT business in one, integrated solution. Ateras fixed monthly pricing model helps IT businesses of all sizes grow with no extra costs. All plans include unlimited devices monitoring, Its that simple. Get your free 30-day trial today. No cre ... read more about Atera$79 Per Month30 Days11% in IT Asset Management Software
EZOfficeInventory enables you to manage the lifecycle of your assets from requisition to retirement. Always stay on top of your business assets and get real-time, centralized information and updates from any device, any place, and at any time. Our leading asset lifecycle management software enables you to create POs, schedule services, and manage vendors effortlessly. Easy depreciation management ... read more about EZOfficeInventory$35 Per Month15 Days30% in IT Asset Management Software
Keep your organization cost-effective with InvGate Assets, an ITAM solution that enables you to manage, control and secure your organization's IT assets. Track remotely all changes and ownership in hardware, software, licenses, and workstations for better decision making. Gain visibility of all of the organization's IT assets' lifecycle, from procurement to maintenance and disposal. ... read more about InvGate AssetsContact vendor30 Days100% in IT Asset Management Software
NinjaOne is the leading unified IT operations platform, providing a seamless, single-pane solution to manage endpoints and support end-users. Ninja reduces complexity, drives technician efficiency and gives IT teams full control over managed IT assets. The platform gives IT teams proactive monitoring, remote management, remote control, patch management, software management, backup, and more - all ... read more about NinjaOneContact vendor14 Days20% in IT Asset Management Software
AssetSonar is an IT asset management software that helps you organize, track, and report on your technology landscape from a single space. Built for IT departments with their workflows in mind. AssetSonar saves you time by making it easy to track and manage IT assets across different locations and departments. Effective IT service delivery requires a robust support system to add the most value to ... read more about AssetSonar$69.99 Per Month15 Days25% in IT Asset Management Software
Freshservice, a product of Freshworks Inc., (NASDAQ: FRSH) provides an intelligent, right-sized service management solution for modern businesses of all sizes. Freshservice does this by taking a fresh approach to building and delivering modern employee experiences and unified service management —empowering businesses to achieve efficiency, fast time-to-value, and improved employee satisfaction a ... read more about Freshservice$19 Per YearAvailable20% in IT Asset Management Software
Managing IT has never been a bigger challenge. Hardware, software, and users can be anywhere at any time, making IT environments extremely dynamic and often complex. A seemingly simple question has become terribly difficult to answer: ‘Who is using what?’ This question inspired Lansweeper and still drives us today. We believe that answering it is crucial to tackle and simplify many of the chal ... read more about LansweeperContact vendorN/A25% in IT Asset Management Software
Syxsense Manage lets users see and manage all endpoints inside and outside the network with coverage for all major operating systems and endpoints, including IoT devices. Syxsense provides users with a complete view of their IT infrastructure with an intuitive interface, and all-inclusive features. The service is designed to provide full endpoint intelligence with OS, hardware, and software inv ... read more about Syxsense ManageContact vendor14 Days25% in IT Asset Management Software
Canfigure is an IT Service Management solution with incredible flexibility. Canfigure is designed for scalability. We believe in keeping it simple with easily self-deployable, cost effective standalone tools allowing you to scale up through a library of well designed modules, growing your number of assets and expanding you user base at a pace that suits you. Define, track, and manage assets seaml ... read more about CanfigureContact vendorN/A10% in IT Asset Management Software
AssetRemix offers a streamlined software platform for managing fixed assets. Keep track of your assets, licenses, accessories and consumables with reservations and checkin & out process. Never loose track of an asset again. ... read more about AssetRemixFree versionAvailable50% in IT Asset Management Software
ALVAO's comprehensive ITSM platform integrates Service Desk and IT asset management, simplifying daily IT operations with digital workflows and no-code automation for incident, problem, change, and release management, as well as IT asset tracking. Data-driven insights enable process improvement, and you can extend these capabilities to other departments at no extra cost, maximizing your software i ... read more about ALVAO IT Service Management$2.7 Per Month30 Days33% in IT Asset Management Software
Spiceworks was founded in 2006 with a mission to simplify the IT workday, and we’ve been at IT ever since! We’re the global IT marketplace that connects millions of technology buyers and sellers so they can get their jobs done, every day. We help tech professionals find, adopt, and manage the latest technologies while also helping tech brands build, market, and support better products and serv ... read more about SpiceworksFree versionAvailable34% in IT Asset Management Software
ERPNext is an open-source ERP tool designed to help businesses across multiple verticals including manufacturing, distribution, retail, education, healthcare, agriculture, and non-profit sectors. The platform enables administrators to manage accounting, onboarding, payroll, production, sales, purchase, and CRM processes using a centralized dashboard. It also allows managers to plan projects, track ... read more about ERPNextFree versionAvailable14% in IT Asset Management Software
ManageEngine AssetExplorer is a web-based IT Asset Management (ITAM) software that helps you monitor and manage assets in your network from the Planning phase to the Disposal phase. AssetExplorer provides you with a number of ways to ensure the discovery of all the assets in your network. You can manage software & hardware assets, ensure software license compliance, and track purchase orders & con ... read more about ManageEngine AssetExplorerFree versionAvailable100% in IT Asset Management Software
Reduce spending, get compliant, increase productivity and gain deep insights into your IT, software and cloud assets. Rapid implementation - easy configuration means we can deliver in very short timescales providing early return on investment and excellent time to value. ... read more about xAssets ITAMFree versionAvailable100% in IT Asset Management Software
BMC helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex IT problems. Bringing both unmatched experience in optimization and limitless passion for innovation to technologies from mainframe to mobile to cloud and beyond, BMC helps more than 10,000 customers worldwide reinvent, grow, and build for the future success of their enterprises, including 9 ... read more about Remedy Asset ManagementContact vendorN/A100% in IT Asset Management Software
Snipe-IT offers a low latency worldwide network for fast connections no matter where you are. Your data never leaves the region you select when you sign-up. Snipe-IT is open-source software. Transparency, security, and oversight are at the heart of everything we do. No vendor lock-in again, ever. ... read more about SNIPE-IT$39.99 Per MonthN/A50% in IT Asset Management Software
Belarc’s cloud architecture allows users to simplify and automate the management of all of their desktops, servers and laptops throughout the world, using a single database and Intranet server.BelManage automatically creates an accurate and up-to-date central repository (CMDB), consisting of detailed software, hardware, and security configurations.Our products are used for software license m ... read more about BelmanageFree versionAvailable100% in IT Asset Management Software
SysAid uses service automation to make IT work smarter, not harder. With a help desk that practically manages itself, millions of users around the world enjoy faster service, lighter workloads, and a way smoother service experience. It makes every aspect of ITSM so breezy and automatic, freeing up IT from the grind and instead, allowing them to do the things your business really needs to keep goin ... read more about SysAidContact vendor30 Days20% in IT Asset Management Software
Onspring promotes efficiency, transparency, and control across your internal audit process. Our cloud-based software helps you plan strategically, deliver tactically and elevate the performance of your IA department. With Onspring’s internal audit management solution, you can: Align audit plans with your organization’s most significant risks and objectives, Manage work papers, findings, review ... read more about Onspring$175 Per MonthN/A12% in IT Asset Management Software
Take More Informed Decisions with Motadata IT Asset Management Software
Motadata IT Asset Management Software lets you operate, maintain, deploy, up-grade and dispose of IT assets in a systematic way. Turn IT teams more productive by offering them greater visibility and control over both hardware and software assets, that enables them to fight day-to-day IT issues and problems, that helps in minimizing downtime that impact businesses. Moreover it keeps a track of ever ... read more about Motadata Asset ManagementContact vendor30 Days100% in IT Asset Management Software
Snow License Manager is designed to reduce the risk, cost, and complexity associated with software assets and licensing. Thousands of organizations around the world rely on Snow License Manager to help them avoid overspending on software entitlements while ensuring that they are fully compliant with licensing rules. ... read more about Snow SoftwareContact vendorN/A50% in IT Asset Management Software
PDQ Inventory is a systems management tool that scans Windows computers to collect hardware, software, and Windows configuration data. With PDQ Inventory, users can create customized collections to identify machines that need software updates--all remotely. We recommend using these collections along with PDQ Deploy to automate Windows patch management. Our products are designed to work togethe ... read more about PDQ Inventory$500.00 Per Year14 Days50% in IT Asset Management Software
Open-AudIT is an application to tell you exactly what is on your network, how it is configured and when it changes. Open-AudIT will run on Windows and Linux systems. Essentially, Open-AudIT is a database of information, that can be queried via a web interface. Data about the network is inserted via a Bash Script (Linux) or VBScript (Windows). The entire application is written in PHP, bash, and VBS ... read more about Open-AudITFree versionAvailable33% in IT Asset Management Software
Cloud IT management solution for MSP & Enterprise
Action1 is a cloud-based RMM solution for enterprise IT professionals and MSPs alike. Start free trial: https://www.action1.com/signup.html Action1's Remote Monitoring and Management platform encompass core tools for remote IT management: Patch Management Software Deployment & Distribution Remote Desktop & Access IT Asset Management System Management Network Monitoring Endpoint Secur ... read more about Action1 Cloud Remote Monitoring and Management$1 Per Month14 Days25% in IT Asset Management Software
The key to ITAM is knowing what you own, where it is, and how it is (or isn't) being used. Sassafras AllSight is a comprehensive ITAM suite that lets you track hardware and software inventory, control access, monitor usage, and save 30% or more on your annual IT budget. AllSight also provides software availability maps, remote access, usage, and compliance reports, purchase and lifecycle tracking, ... read more about Sassafras AllSightContact vendorN/A50% in IT Asset Management Software
LicenseWatch is the leading solution to keep track of software installations and licenses on your network.LicenseWatch gives you a detailed analysis of software installations, usage, and license agreements. LicenseWatch delivers the information needed to save time and money. All critical licensing, software, and hardware inventory information is integrated into a single management console. ... read more about LicenseWatchContact vendor30 Days100% in IT Asset Management Software
Total Network Inventory is a PC audit and network inventory software for office and large-scale enterprise networks. Total Network Inventory interrogates all computers and notebooks on a network and reports back with complete information about the OS, service packs, hotfixes, hardware, software, running processes, etc. on remote machines. ... read more about Total Network Inventory$90.00 One-timeMore than 30 days33% in IT Asset Management Software
Lifecycle Management Manage and track all of your assets in a single system throughout the asset's lifecycle, including maintenance, repair and overall use. Track Inventory Track and move inventory according to real time stats to reduce bottlenecks and decrease overspending. Enter Assets Easily Add assets into the system individually and in bulk for faster receipt processing and asset set ... read more about TeqtivityContact vendorMore than 30 days100% in IT Asset Management Software
CMDBuild is the open-source web environment for the configuration of custom applications for Asset Management. With CMDBuild you can build and extend your own CMDB, modeling it according to the needs of your organization. You can configure workflows, reports, dashboards, scheduled operations and checks, manage documents, georeference your asset in maps or view them in 3D models. You can also inter ... read more about CMDBuildFree versionAvailable50% in IT Asset Management Software
itemit, is a simplistic cloud-based asset tracking solution. Track and manage your assets from your phone or pc, whenever, & wherever! We can tailor itemit to your needs, no matter the size of your business. Our Key features include: iOS & Android Apps, QR, RFID, Desktop Portal, Custom Reports, Audit Trails, Asset Tags, Add Custom Fields, Permission Restrictions, Bookings, Import ability, Location ... read more about itemit$327.25 Per Year14 Days25% in IT Asset Management Software
A digital experience monitoring solution that reduces IT costs and improves end-user experience
SysTrack gathers and analyzes data on everything that may impact end-user experience and business productivity. By capturing 10,000+ data points every 15 seconds from each endpoint in your environment, SysTrack provides you the visibility you need to lower IT costs and optimize operations while improving business productivity. How? By providing you the data and functionality to lower the volume of ... read more about SysTrackContact vendorN/A50% in IT Asset Management Software
Introduction to the Buyer’s Guide For IT Asset Management Software:
IT assets are indispensable for operational needs in digital workspaces. Modern organizations want to make sure they are able to provide IT assets to new hires, existing employees, and third-party business partners in a cost-effective manner. Unorganized, unauthorized, and unoptimized assets are difficult to identify, allocate, deploy, track, and also cause a surge in IT costs for organizations. Thus, IT asset management is critical to ensure that organizations are able to provide the right assets to the right end-user at the right time. This is where organizations can use technology to manage their IT assets and related functions. Organizations can also unleash significant cost savings by deploying an IT asset management software solution. ITAM software manages every aspect of the asset lifecycle and mitigates all challenges that IT admins face in handling their assets.
However, the selection of the right ITAM tool is imperative to successful IT asset management. With plenty of ITAM software available in the market, IT leaders and managers may find it overwhelming to pick the most appropriate tool for their organization. This buyer’s guide intends to provide a reliable solution to this dilemma by providing the most accurate and relevant analysis of all aspects related to IT asset management software. Businesses can use this guide to gain insights that will lead them to make the most profitable investment in ITAM software technology.
What is IT Asset Management?
IT asset management comprises the strategic, contractual, and financial decisions that organizations make to support their IT environment. It involves inventory functions, IT asset life cycle management, and IT infrastructure management. With efficient IT asset management, organizations can increase the life span of their assets, increase their productivity and performance, and ensure optimal IT stock levels throughout the organization.
For instance, an IT admin receives a requirement of 100 new CPUs for a newly set up department. The IT administrator wants to know:
- How many CPUs are currently in stock?
- How many CPUs are already ordered but yet to be received?
- Are there any other CPUs that are approaching their lifespan end and will require disposal?
- Has any department requested extra monitors/PCs for a project and will submit back the PC shortly?
- What are the current configurations on the existing CPUs, and what configurations are required in the new request?
- Are there any remote working requests? How many will be used?
With answers to the above questions, the IT administrator can easily know how many CPUs and in what configurations he/she needs to order and how many can be provided from the current inventory? Such data would certainly help the IT admins in the quick fulfillment of the request.
IT asset management provides organizations with complete visibility into their IT infrastructure, current systems and components in use, their costs, and license expiry dates, etc. It also helps organizations determine the accountability of asset usage.
What Are the Functions of IT Asset Management?
Various Functions in ITAM
- Stock Management: ITAM functions to manage, optimize and rationalize the inventory levels for the IT infrastructure. Also, the new devices are entered into the database and tracked through their life cycle.
- Configuration Management: Organizations work with thousands of computer systems, network-connected devices, virtual machines, IoT-enabled devices, etc. Configurations for these devices vary according to usage and functions. One function of ITAM is to ensure the right configurations are available for the devices.
- Service Management: This module helps organizations solve IT service-related issues. With self-service portals, employees can raise tickets for repair, updates, etc.
- Incident Management: In urgent situations, employees can reach IT admins via chat, email, call, etc. ITAM categorizes and prioritizes ticket resolution based on urgency and possible impact.
- License Management: This function brings all licenses under one head. It triggers automated notifications and alerts for license renewals before expiry dates.
- Requisition Management: This module manages purchase requests, purchase contracts, approval tracking, and allotment of purchased assets.
- Disposal Management: IT assets need green disposal for compliance and environment-related reasons. This module manages the assets that are lined up for decommissioning.
What Happens Without Efficient IT Asset Management?
Asset Hoarding: However rare, but there are instances in organizations where managers, departments, or employees hold onto assets that they seldom use. This brings unnecessary costs as organizations keep buying more devices even when they have unused ones lying around.
Lack of Systematic Approach: Without efficient IT asset management, organizations lack vital information about their IT assets. Lack of organization culminates in chaos and poor visibility of the IT assets and networks. For example, admins may fail to keep track of IT devices of leaving employees or those who migrated to new departments.
Procurement Issues: When IT administrators have poor knowledge of their existing infrastructure and network assets, it becomes difficult for them to order new stocks in optimum quantities.
Discovering Assets: When IT managers keep manual entries in registers or excel sheets, it is challenging for them to know exactly the current status of assets. Also, without the automatic discovery of new devices, networks, components, etc., accurate listing of such assets in the inventory database is not possible.
Problem Solving: Employees often contact the IT admins or raise tickets for service support, troubleshooting, device replacement, etc. Without sufficient data about the software or hardware, IT admins may not be able to provide a quick redressal for the problem.
Audit and Compliance: Maintaining consistent and accurate records of current assets, service histories, patch summaries, procurement data, usage reports, and downtime info is critical to pass audits and ensure IT compliance.
Collaboration: Without ITAM, it is difficult for organizations to maintain a free flow of information and equitable distribution of IT assets and resources. Also, the collaboration between departments, senior management, cybersecurity teams, service providers, employees, and third parties is unimaginable without healthy sharing of IT resources. Every individual in an organization should know how to procure IT resources, usage policies, penalties for unfair usage, Dos and Don'ts, etc.
Enforcing asset policies:Companies determine and disseminate policies concerning IT assets fair usage by employees. However, due to the distributed nature of assets in the organization, it is difficult for companies to enforce the policies.
Renewals: Without ITAM, organizations may keep using expired software, outdated applications and forget to renew crucial licenses in time.
Fueling the Mobile / Remote workforce: Admins may also forget to update configurations, align networks, install new patches, etc. It can be challenging to allocate, install, and maintain assets for a remote workforce.
Real-time Visibility: Without ITAM, businesses cannot have full visibility of every asset that belongs to their organization. Real-time visibility is crucial for managing critical incidents and for disaster recovery.
What is an IT Asset Management Software?
IT asset management software is an application that consolidates the IT infrastructure into one system and allows organizations to create a standard process to manage their IT assets, stay compliant and reduce IT spendings. An efficient IT Asset Management software leads to better procurement plans, improved IT service quality, cost optimization, better resource allocation, and smooth installation and maintenance of IT assets.
What Are the Benefits of IT Asset Management Software?
Top Benefits of IT Asset Management Software are:
Helps IT admins discover and list all assets:
IT admins can deploy the ITAM system to discover their IT assets over entire networks and operating systems. The software scans your websites, OSes, and networks to identify all connected hardware devices and software applications. It scans Windows, Linux, and Mac operating environments, Virtually hosted machines, routers, and even connected printers. It also discovers your IT assets that are connected to your network via third-party vendors, or agent-based workstations, BYOD or remote devices, etc.
Provides full-visibility of asset lifecycle:
IT admins can get a complete view of any IT asset's lifecycle from procurement to current usage. IT asset management software has real-time records about various stages that an asset moves through in an organization--request for procurement, approval, purchase, deployment, usage, maintenance and upgrades, expiration, and disposal. ITAM software can also integrate with modern technologies such as GPS, RFID, etc., to track the real-time location of the assets in and outside the organization.
Centralizes information of all assets:
With ITAM software, IT managers can centralize all critical information about their IT assets. They can securely store all software licenses, virtual keys, encryption keys, passwords, hardware and software contract copies, etc.
Get real-time reports and analytics:
IT asset management software provides real-time reports and analytics that help organizations in assessing their IT assets’ performance and usability. In one click, IT admins can get reports about the average costs of buying desktops, licenses, average depreciation rates, average repair costs, audit reports, etc.
Saves IT asset management costs:
It helps companies manage and reduce the total cost of ownership (TCO) by enabling optimal usage of IT resources. Quick tracking and availability of IT assets improves performance and increase return on investment.
Ensures Effective Deployment of IT Assets:
ITAM software keeps track of previous configurations, maintains an audit trail, and uses a systematic approach to ensure effective deployment of newly commissioned IT assets. It also makes sure all protocols and set policies are followed during deployment.
Implements Proactive Threat Management System: Organization's hardware and software assets are constantly under cybersecurity attacks and also threatened by privilege misuse by employees. ITAM software deploys effective mechanisms to protect IT assets from all types of security risks.
Improves IT service management (ITSM) capacities: ITSM is a redressal unit of organizations for IT assets-related issues and complaints. ITAM software brings down the resolution time and enhances the service satisfaction quotient for companies. This leads to unhampered work, no productivity gaps due to assets unavailability, and increased employee satisfaction.
- Organizations can ensure full compliance with audit requirements and IT regulations
- ITAM software leads to better and rational decisions about IT infrastructure
- Organizations gain more control over their IT assets and resources
- Increased operational efficiency with aligned IT assets
- Better forecasting leads to timely acquisition of new assets
What Are the Top Features of IT Asset Management Software?
Track, evaluate, and record all IT assets, virtual IT stocks, and inventory in one place.
ITAM tools can auto-discover all software and hardware assets in your network. The auto-discovery tools can scan window domains, networks, assets, and VMs.
The ITAM software records the existing inventory and keeps updated lists and catalogs of legacy systems and IT stocks. The records include critical asset parameters such as current version, configurations, cost of the asset, name of manufacturer or vendor, etc.
Organizations can plan the maintenance, replacement, or upgrade of existing hardware and software assets.
IT admins can track maintenance history, patching information, and version histories. Admins can also track warranties, license expiry, renewal dates for subscription-based software applications, etc.
Hardware assets have a life span. Outdated or worn-out devices need disposal. With ITAM tools, admins can keep track of hardware that needs disposal.
ITAM software provides complete information about software licenses, including SKU data, entitlement, procurement date and time, vendor details, etc.
Configuration management database (CMDB) records and reports all types of predefined configurations.
ITAM software manages purchase contracts, request orders, and procurement reports.
Native mobile application with comprehensive features to manage and track your IT assets from anywhere in the world.
Alerts and Notifications:
This feature keeps IT administrators in the loop of every new incident with real-time alerts and notifications for new changes, device discovery, new requests, malfunction, etc.
ITAM software comes with integrations with other software solutions such as RFID technology, network monitoring software, patch management software, RMM software, etc.
IT admins can schedule, manage, track, and record maintenance-related activities for IT assets and resources.
Tracks the usage, performance, and capacity utilization of IT resources.
Roles and Permissions:
With IT asset management software, IT admins can assign roles, set permissions, and control access for resources.
- Contract management for IT resources procured on lease and agreement tracking.
- Automated updating of the asset inventory database
- Depreciation tracking on hardware assets
- MACD (Modify, Add, Change, and Delete) features for Asset management
- Tracking of financial impacts of assets
- Anomalous activity detection and vulnerability scans
What Are the Best Practices for IT Asset Management?
Organizations that use proven IT asset management techniques and established processes using technological tools are better positioned to manage their IT assets. Evaluating ITAM practices can achieve cost savings of 10% to 20%. Well-defined processes, documented policies, and technological assistance can help companies to create a robust IT asset management program that improves productivity and decreases maintaining costs of IT infrastructure.
Some of the best practices for IT asset management are:
- Automate: Most of the regular ITAM processes should be automated, and manual tasks should be reduced to minimum levels.
- Monitor: Organizations should have a continuous monitoring method that tracks all assets for performance, risks, appropriate usage, and unauthorized access.
- Update: Keeping all logs up-to-date always pays. When your asset data is timely updated ( preferably in real-time), it prevents all possibilities of discrepancies, misuse, mismanagement, and usage errors.
- Secure and Prioritize: Firms should identify their most valuable IT assets and protect them with access control features, 2-factor authorization, and cybersecurity defense mechanisms.
- Use Tools: Technological tools augment the asset management processes and lead companies to successful and effective IT asset management programs.
- Quantify: The improvement in performance, utilization, and ROI should be quantified to demonstrate the viability of tools and investments in the ITAM.
- Document: Documentation is critical for compliance and regulatory purposes. Right from procurement to disposal practices, everything should be well-documented to avoid regulatory penalties.
What Are the Current Trends in IT Asset Management?
Focus on ITAM Metrics:
Analysis of key ITAM metrics keeps business initiatives, goals, and objectives aligned with the benefits of ITAM. The current ITAM focuses on crucial KPIs such as inventory accuracy, cost savings, risk reduction, compliance, efficiency scores, etc.
Regulating Third-party Usage:
Today, organizations’ IT assets are not exclusively used by internal stakeholders only. Contractors, temporary employees, subsidiaries, guests, and even visitors may use IT assets for various purposes. Organizations, therefore, focus on carving out guidelines and mandates for the third-party usage of their IT infrastructure. With an increase in the work-from-home culture, organizations face more challenges to protect and secure their data with remote workers.
Increased Adoption of ITAM tools:
The growth drivers for ITAM software include increased cloud computing, ITSM, acceptance, and proliferation of SaaS-based applications, and automation of IT functions. The market for IT asset management is expected to cross USD 2086.59 million by 2026, at a CAGR of 11.4% over the forecast period 2021 - 2026.
What Are the Factors to Consider Before Investing in IT Asset Management Software?
Before investing in IT asset management software, businesses should carefully evaluate the following factors and seek answers to questions such as:
- What is the current IT asset management policy of your organization?
- What information and databases are currently available about your IT landscape?
- What is the IT asset management lifecycle of your organization?
- What features are required for your IT asset management for your organization?
- Whether the vendor that you have chosen provides robust customer support, free trial, or demo of its services?
- Whether the vendor has positive customer reviews, a free training program, and implementation assistance?
- What types of integrations are required by your organization?
- What are the costs, hidden charges, and registration fees, installation costs, etc.?
- What type of deployment and pricing model suits your organization? Whether there is a need for a subscription model, a licensed model, or one-time buy plans?
- Can IT asset management software provide secure data vaults and required data storage capacity?
- Is the ITAM software user-friendly and easy to navigate?
- Is the ITAM solution accessible on all devices such as desktops, laptops, tablets, mobile phones?
- Will the vendor provide free updates, upgrades, or cost-free plan migration?
- Can it work smoothly with low bandwidth internet connectivity?
Businesses should also evaluate the complexity of their IT infrastructure. Businesses spread across geographical locations or conglomerates have highly distributed IT assets. Companies that have gone through recent mergers or acquisitions have more complex IT infrastructure. Choosing cloud-based IT asset management software can be a better choice for such companies. Some companies may not require very high-end functionalities. Such companies must plan to buy starter plans with basic functionalities.
What is the Average Cost of IT Asset Management Software?
The average costs of IT asset management software depend on factors such as features, deployment, training support, vendor quality, customization required, number of admins and users, the scale of IT devices and resources to be monitored, and many more.
These variations alter cost estimations for ITAM software.
ITAM software such as Atera will cost $79 per user per month for its Pro Plan, $119 per user per month for the Growth Plan, and $149 per user per month for the Power Plan. EzOfficeInventory software has pricing based on the number of devices you need to manage. Its plans start from $35 per month for 250 devices. The cost increases with additional devices. For 500 devices, you need to pay $49.70.
If you are looking for free IT asset management software, check out the free versions of Reftab, Spiceworks, ManageEngine AssetExplorer, xAssets ITAM, itemit, Belmanage, Open-AudIT, CMDBuild. If you need free and open source IT asset management software, then go for SNIPE-IT or GLPI. For other ITAM solutions such as Teqtivity, Lansweeper, Remedy Asset Management, and many others, you need to contact the software vendor for detailed pricing information. Get the updated list of ITAM software solutions from the product section.
Why Refer to GoodFirm’s List of IT Asset Management Software?
GoodFirms has been empowering businesses by providing them actionable insights to make the best IT investments. Currently, GoodFirms houses a massive list of 60000+ software products and services. GoodFirms has also collected 40000+ reviews of these services and products from genuine users. With GoodFirms' highest quality research, B2B software seekers can make a flawless decision to select the best ITAM software for their business. Keeping the needs of small, medium, and large scale organizations in mind, and after making an in-depth analysis of the features, utility, benefits, costs, and many more aspects relevant to ITAM software, this list includes only the best IT asset management software available in the market.
Frequently Asked Questions
Why is IT Asset Management Important for Organizations?
The proliferation of IT devices in modern organizations is overwhelming. IT asset management is crucial for organizations to provide employees with easy access to IT resources. For sustainability and regulatory purposes, businesses need to eliminate all financial, non-compliance, and security-related risks. Companies also strive to follow IT assets’ safe disposal protocols or find resale opportunities to reduce IT spendings. With IT asset management, organizations can--define the assets that need monitoring, organize the asset information, and store them at a centralized repository. Organizations get a birds-eye view of the asset utilization and performance parameters.
How Does ITAM Software Work?
ITAM software works by streamlining operational, fiscal, contractual, regulatory, service, maintenance, and security-related functions of the IT assets. It auto-discovers assets and includes them in the IT database. It notes all essential information ITAM software eliminates any unauthorized networks, devices, or IT equipment that are creating discrepancies in the system. It maps and catalogs all IT assets and provides clarity on the usage of those assets. IT admins can solve user issues without even moving out of their offices. For instance, a user raises a ticket that every time he installs Adobe, it fails. The IT admin logs into the user's account through ITAM software and sees all the assets the employee uses, including the one on which Adobe is required. After checking the CPU, the IT admin realizes that Adobe is not loading as the C drive doesn't have enough space. He asks the employee to move desktop data to drive D. The problem gets solved without any time-consuming process.
Why Should Companies Invest in ITAM Software?
Simplifying the complexity of managing the rising volume of IT Assets requires organizations to replace manual processes with automation to achieve operational excellence. ITAM empowers IT admins and managers to improve their efficiency and also enhances their service capacities with real-time analytics. Modern Organizations that seek real-time asset tracking, disaster preventive capabilities, asset lifecycle visibility, and improved asset management should invest in reliable IT asset management software. IT admins that are attentive to evolving requirements of operations and workflows persuade management to invest in ITAM technology. ITAM software brings down unnecessary software contracts and new purchases by efficient utilization of the existing ones.
What is the Best IT Asset Management Software?
The IT asset management landscape is evolving continuously and technology has brought a paradigm shift in the IT asset management software field. The best IT asset management software provides critical tools required by the IT admins to enhance their productivity and simplify their workflows. The best IT asset management software solutions provide high-quality services and are cost-effective and easy to implement. The best ITAM software is scalable, flexible, and adaptable to the ongoing needs of organizations. Some of the best IT asset management software listed by GoodFirms areSyxsense Manage, Reftab, Atera, Asset Panda, etc. For the complete list, check the product section on this page.
What Types of IT Assets Can be Tracked and Managed with ITAM Software?
IT assets tracked and managed by ITAM Software include:
Servers, workstations, scanners, routers, smartphones, tablets, VM and VM hosts, keyboards, mouse, projectors, webcam, printers,DVDs, Portable hard disks, data cables, pen drives, office phones, etc.
Software packs, licensed software, business applications, third-party applications, operating systems, antivirus, web browsers, databases, etc.