- Without a centralized view into assets, including a single IT asset management (ITAM) tool, organizations can’t track assets and their movement across locations or where money is being spent to identify areas for cost savings.
- Audits are conducted globally, but if asset management is done locally there is no way to provide the data and information needed to achieve compliance and get through the audit successfully and without penalties.
- Multiple contracts and licenses in different locations lead to duplication of effort and wasted resources.
Our Advice
Critical Insight
- You can’t realize the full benefits of asset management through a decentralized model. Even with good asset management practices in place, without a centralized oversight into those processes, you will fail to realize the benefits of the effort put into managing equipment lifecycles.
- Consolidating asset management doesn’t simply mean moving your data into one ITAM tool. There must be a focus on standardizing and consolidating processes at the same time or the data in the centralized tool will be meaningless.
Impact and Result
- Moving to a single system of record and standardized processes will provide a clear view of hardware and software assets, contracts, and lifecycles across the organization to make more informed decisions.
- Improved visibility can inform software and hardware rationalization and uncover opportunities for redeployment, leading to cost savings and reduced total cost of ownership.
- A single ITAM tool or database ensures accurate and up-to-date inventory and improved capabilities for data integration.