{"id":5469,"date":"2023-03-16T19:42:55","date_gmt":"2023-03-16T19:42:55","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=5469"},"modified":"2023-08-04T19:41:27","modified_gmt":"2023-08-04T19:41:27","slug":"top-three-reasons-to-invest-in-an-it-asset-management-system","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/top-three-reasons-to-invest-in-an-it-asset-management-system\/","title":{"rendered":"Top Reasons to Invest in an IT Asset Management System"},"content":{"rendered":"

\"Top<\/p>\n

As part of Solutions Review\u2019s\u00a0Contributed Content Series<\/a>\u2014a collection of articles written by industry thought leaders in maturing software categories\u2014Syed Ali, the founder and CEO of EZO<\/a>, explains the primary reasons companies should consider investing in an IT asset management system.<\/strong><\/em><\/p>\n

In today’s fast-paced and constantly evolving post-pandemic world, organizations continue to recognize the importance of effectively managing their physical and software assets. Enterprise Asset Management (EAM) tools have allowed organizations to track and trace their asset portfolio, monitor inventory levels and ensure that assets are used effectively and efficiently. These results have shown cost savings through reduced downtime and more efficient utilization of resources.<\/span>\u00a0<\/span><\/p>\n

However, beyond traditional EAM systems, many organizations, from manufacturing and business to school systems, are implementing IT Asset Management (ITAM) systems and reporting impressive results in their operations. ITAM <\/span>ensures an organization’s assets are accounted for, deployed, maintained, upgraded, and disposed of when the time comes. Simply put, it’s about ensuring that an organization’s valuable items, tangible and intangible, are tracked and used.<\/span><\/p>\n

For example, located north of Minneapolis, the St. Francis school district encompasses over 700 employees and 4000 students from kindergarten to senior high. Situated away from the city center, the district is spread across eight buildings that unite the surrounding suburban communities and takes pride in being the heart of community life. Its relentless focus is streamlining operations and leveraging technology for an excellent learning experience.<\/span><\/p>\n

In the past, St. Francis’s IT team relied entirely on Excel spreadsheets for IT asset management processes. This manual asset tracking system was creating a lot of holes: things were getting missed, and the data was far from accurate. If a Chromebook was checked out of the school by a student or teacher, someone from the IT team had to update spreadsheet-based records with the person’s name, ID number, device number, and the school location. This was all done manually, and as a result, the team couldn’t consistently track the devices they managed.<\/span><\/p>\n

This is not a unique situation for a school district or business. Many organizations have been using spreadsheets for different locations, devices, and processes, inevitably leading to unnecessary and costly problems: duplicated work, compliance problems, and uncertainty about hardware assignment. The lack of a cohesive IT asset management system has made tracking and tracing assets difficult to maintain in a consistent, consolidated database. Besides data inaccuracy, providing access to different team members for various spreadsheets is also a significant challenge.<\/span><\/p>\n

ITAM is more critical today than ever before. Investing in a system that provides real-time data is crucial because it offers organizations like St. Francis School District the visibility and control they need to make informed decisions about their IT assets, which can significantly impact overall operations and the bottom line.<\/span><\/p>\n

When thinking about an ITAM system, here are the top reasons to invest and consider implementing it today.<\/span>\u00a0<\/span><\/p>\n