IT Asset Management Solutions | SolarWinds

IT asset management (ITAM) is the process of cataloging, tracking, and maintaining an organization’s technology assets. IT asset management (sometimes known as information technology asset management) combines the ability to track and analyze the financial and contractual pieces against actual inventory to drive service success with a better understanding of how IT assets support the business and users. As an integral solution to the success of an organization, assets can include tangible, physical assets like hardware and servers, or intangible assets like software, purchase orders, and contracts.

IT asset management gives you the framework to document and manage the lifecycle of each IT asset from when it’s first used to retirement of the asset, and the moves in between. Without IT asset management, recording the history of an asset would involve manually filling in spreadsheets each time an incident occurs, or new user takes over the asset. This can be daunting, time-consuming, and overwhelming when assessing incidents or performing root-cause analysis. An asset management software allows you to easily align your hardware and software inventory, asset owners and assignments, and location information in one place.