Posts Tagged software asset management process

Why IT Asset Management Is Important Now

In last one decade companies are still not able to develop better controls in IT Asset Management.

Please question your self –

  1. How many assets are there verified in your organization with book to floor and floor to book?
  2. Are all the procured assets being utilized?
  3. What is the utilizations of existing assets purchased by the organization?  As per the analysis none of the companies are utilizing their asset more than 80-85 % as of now.

An IT asset management program is a must in today’s economic and regulatory environment. Don’t delay establishing better controls over your IT assets.

The signs are there — an economic recovery is on the way. So what does that mean for enterprises? For many, the next 12 months will represent flat capital budgets and more of the relentless cost pressures we have seen during the past three years. For others, it will provide opportunities to improve the performance of their IT asset management programs.

For more than a decade, enterprises have invested in and developed comprehensive IT asset management programs. Although some have made significant progress with their programs, many have experienced failed implementations and are struggling with programs that are barely “good enough.” However, good enough does not suffice in today’s environment, in which governments use legislation to achieve domestic and international policy goals, and enterprises continue to emphasize cost control for IT assets.

conatct at sales@avoidcost.com for the latest invented process.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Top Ten Asset Management Tips

For CIOs and IT managers who are considering implementing an IT Asset Management (ITAM) program, there are specific steps that should be taken to ensure program success.
Unfortunately, many ITAM projects fail to meet their objectives, with an industry average success rate of only 40 percent to 60 percent. The following tips outline the steps executives and IT managers can take to improve performance and achieve a success rate of 95 percent or better.

Top 10 Tips for Successful IT Asset Management Programs

1. Get senior management support. ITAM crosses organizational boundaries, so it requires management at a high level to get all the stakeholders on board.

ITAM programs typically represent a significant financial investment and commitment by the parties, so senior management support is crucial to success.

2. Dedicate qualified and trained professional resources to the ITAM program. ITAM programs require the attention of trained and qualified professionals in order to be successful. The business processes that maintain data accuracy must be implemented then continue to evolve as the organization changes and grows.

Without the trained eye of a professional with technical and business process knowledge, you could be jeopardizing the time and money you’ve invested in the ITAM program.

3. Prioritize ITAM needs definition. Companies have a tendency to rush into the inventory and software implementation aspects before taking the time to sufficiently identify and define the goals of the ITAM program.

The ITAM program’s measures of success should be clearly defined and agreed upon with senior management and relevant stakeholders prior to embarking on any implementation tasks.

Related Articles4. Start small. Many large projects fail because the organization expects too much and bites off more that they can chew.

Recognize that ITAM requires adherence to a new discipline. One that is not achieved very easily. Implement ITAM in realistic phases in which each phase gains credibility and builds toward the ultimate goal.

Scoping the project too large risks failure and loss of credibility that can be difficult to overcome later.

5. Examine the asset lifecycles. Once all the needs and constraints have been defined, examine the lifecycle of the assets in question. Processes must be developed to capture the appropriate data at each stage of the lifecycle of each individual asset.

Since ITAM is 90% process, and only 10% tools, invest sufficient time and energy to define the data elements which must be captured and the flow of data throughout the asset’s life.

6. Select appropriate software tools. Software tools should be carefully selected to meet all of the defined needs as well as accommodate your organization’s flow of data. The software should adapt to fit your organization rather than your organization adapting to an inappropriate tool.

7. Implement ITAM process auditing and evaluation procedures. Imposing ITAM processes takes discipline and constant monitoring to ensure that all participating individuals, departments and stakeholders are correctly following and adhering to the agreed upon procedures.

Without process auditing or evaluation mechanisms, ITAM projects can get derailed without achieving their value proposition. This makes it difficult for you to identify and fix problems.

8. Build in mechanisms for correcting ITAM data inaccuracies. Data integrity is vital to any successful ITAM program, so you need mechanisms for analyzing and efficiently correcting inaccuracies when they occur.

Inaccuracies can be caused by deviations from ITAM procedures or by unforeseen events or circumstances that disrupt the ITAM process. Hand-held scanners and emerging RFID tags are examples of tools that can quickly identify database inaccuracies so they can be reconciled and corrected.

9. Periodically review the ITAM program. Like any system that is vital to your organization’s operation, ITAM programs should be periodically reviewed to ensure achievement of the defined goals, objectives and benefits.

A quarterly review of the ITAM program is recommended so that successes can be measured and problems can be identified and corrected. Further, this review time can be used to find new uses for the data to benefit additional areas of the organization.

10. Advertise your success. Demonstrate the value of the ITAM program by sharing data with appropriate personnel at various levels within the organization. Then promote your successes within your organization to get ongoing support from senior management as well as other departments.

Professor Guru is CEO and founder of Avoidcost.com, an asset management consultancy. Professor Guru has 15 years of IT experience designing and implementing results-oriented technology solutions for all accross Globe for multi billion companies.

 www.gnoida.com

www.itassetmanagementprocess.com

www.itassetmanagementsystem.com

www.avoidcost.com

www.avoidceo.com

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

software asset management software

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

software asset management process

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

it asset inventory

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

it asset management policy

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

it asset management process

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

it asset tracking

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

IT Asset Management Best Practices

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

IT Asset Management Software

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,