![]() ![]() While a business could use a simple spreadsheet to track its assets, using AMS allows it to analyze data specific to each asset, enabling it to make more informed decisions about managing its assets. ![]() This is where asset management software comes in-to help businesses improve the visibility of their assets and effectively manage them to ensure their optimum utilization while reducing IT and software costs.Īsset management software (AMS) provides a holistic view of an asset's lifecycle-from its procurement and implementation through its renewal and disposal. For example, according to Deloitte, companies can end up spending twice as much as they need to on their software assets because they don't have an accurate picture of their software landscape. The cost of underutilized, mismanaged, or misplaced assets can put a severe dent in a company's bottom line. Also, more frequent employee turnover raises data security issues. ![]() With mobile devices flooding the workplace, increasingly complex cloud technologies, licensed-based software, and more frequent updates, the management and tracking of IT assets has become much more complicated. In the digital age, businesses are having to manage and track more assets than ever before. Read our advertiser disclosure for more info. We may receive compensation if you visit partners we recommend. We recommend the best products through an independent review process, and advertisers do not influence our picks.
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