IT asset management deals with minimizing costs, mitigating compliance and security risks and optimizing services in a changing industry environment. Knowledge of when and where your IT asset will lead you to knowing what you have and how to control its expenses and utilization.
Furthermore, knowledge is power when negotiating with vendors. Establishing a formal ITAM practice can not only provide you with the information you need for negotiating leverage, but also enable you to ensure ongoing compliance. For example, knowing how many IT assets you have organization-wide and having visibility into all the contracts you have with any given vendor will allow you to have purchasing discussions from a much stronger position.
When it comes to software, having a good understanding of your environment is even more critical. Organizations typically purchase many more licenses than they need as they are not sure of what they need, and err on the conservative side to ensure they are in compliance. Software vendors realize this and have been known to further instill fear, uncertainty and doubt, resulting in increased software license expenses in the absence of hard data about the IT environment.
The effective management, control and protection of software assets is essential for any big organization. This includes those produced by the company and those licensed from 3rd parties to ensure that all software in use within the organization is properly paid for and in compliance with licensing agreements. There is a huge cost involved in acquiring and maintaining of IT assets. Therefore, efficient utilization of these resources is utmost essential.
We provide support and solution for managing the IT asset lifecycle costs that would maximize the business value of technology by uniting the industry leading technologies, and profound specialized skills to empower you to successfully address your business needs. We also provide custom add-ons and tools to fill the gap between business need and available solutions.