Asset Management Through It Asset Management Tools

By Author: Ellis paul
Total Articles: 1
Comment this article

Asset management is a complex procedure, especially in large organizations with several hardware and software installations. The management issues which are essential to plan out in advance are asset assessment, acquisition, implementation, disposal, maintenance, operation, audits and financial implications. Other these issues, reporting and documentation at every stage of asset management planning is equally important. Also, planning a budget for incorporating asset management practices largely affects the outcome. Keeping in mind all these aspects, it is best to consider IT asset management tools which can simplify the planning phase and automate most of the IT processes.

With the advent of new technologies software asset management, practicing a well planned asset management is no more a tedious job for IT departments. Tools like Lepide Software Asset Management provide a single platform from where it becomes possible to manage IT assets. Such IT asset management tools help IT departments to discover all the deployed assets, track down the licenses, map the available licenses with the IT assets, discover unused or ...
... unauthorized software assets, get license compliant and execute IT audits. In addition to all these, such tools help in cutting cost of practicing asset management and also help in planning out every stage of asset management.

Following are the stages of planning asset management where IT asset management tools help:

Operations planning: Operation planning is the first important step in asset management as it lays the foundation for an effective IT processes in the long run. In operation planning, enterprises are also able to establish standards and policies for asset usage and license compliance.

Maintaining IT inventory: IT asset management tools help enterprises in creating and maintaining an IT inventory which in turn helps in tracking down all the deployed IT assets both in remote and local premises. With a maintained inventory record, it becomes possible to discover the assets and all the details pertaining to them. Also, IT inventory provides cost estimations for license procurement by identifying assets which are under licensed or over licensed.

Life cycle assessment: The software life cycle starting from the acquisition phase to the retirement phase requires stringent policies and asset management tools help in managing each process in an efficient manner.

IT maintenance: Asset management does not end with procuring and deploying the software. Maintenance also takes up a lot of IT infrastructure and IT asset management tools help in this respect.

Cost planning for assets: Since with reliable IT asset management tools, organizations are able to identify whether they are under-licensed or over-licensed, cost estimations get a boost. Also, since these tools help in getting license compliant, chances of financial losses due to fines or penalties also gets drastically reduced, in case of any external audits. Furthermore, asset management tools helps enterprises in calculating their savings.

Risk assessment: A planned asset management helps in reducing risks, both business and legal by providing accurate data on the assets and their licenses. These tools lets organizations know whether they are deployment ready and also helps in monitoring the frequency of software or hardware usage recover licenses so as to be prepared for any kind of audit.