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Not to sound like a broken record, but IT Asset Management (ITAM) is something every organization should invest in. Between Sarbanes Oxley and vendor audits, the costs associated with non-compliance are great, and far too much of a risk for IT Managers. Here are some key reasons why ITAM is a must:

Cost Savings: better management of your IT assets creates better investment decisions and reduces the risk of unnecessary spending.

Security: proper asset management allows companies to keep track of inventory, when it’s been moved and even what programs are installed on each device, which cuts down on unauthorized applications being installed and used.

Business Performance: change, whether it’s a merger or a seasonal influx of work, can be a burden to any IT department. An organized repository of IT assets can prepare IT for these changes, creating a more fluid process.

Productivity: an efficient IT department means more employees with functioning technology and less downtime. Crashes and even routine maintenance can be a time drain- ITAM will reduce these problems before they affect productivity of employees. ITAM enables help desks to proactive address issues as they arise. By having a hands-on, proactive approach leveraging the intelligence garnered from the asset management program, IT can significantly reduce problems and eliminate downtime.

Compliance: ITAM prepares organizations for vendor audits and SOX compliance requirements. Non-compliance is costly and can even lead to jail time.

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