With the advent of new technology the number of devices and the software’s installed in it, have manifold by leaps and bounds. There is a dire need of an IT Asset Management software by every organization, which is further validated by Gartner. It is estimated that on an average 30% of companies are in a chaotic state of not knowing different assets that they own, their location, and who is using them. Several large companies have hundreds and thousands of assets spread across geographically distributed locations. Keeping up-to-date information of both IT Hardware and Software is not only time consuming, but frustrating and costly as well.

Lack of a proper Asset Management, leads to limited asset visibility, painful compliance audits and long fulfillment cycle resulting in unnecessary delays and heavy losses. As modern day organizations solely rely on their digital infrastructure for most of their IT operations & services, which majorly run on various IT assets; managing an asset poses a major challenge from a management, cost, and risk perspective. With wasted or unmanaged IT resources or inventory comes limited visibility, painful compliance audits, unaccountability, and long fulfillment time or IT service delays for enterprises not having an IT Asset Management capability.

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