Benefits of network asset management software for IT teams

Imagine having a powerful tool that not only keeps track of your valuable equipment but also optimizes their use. Network asset management software does just that, revolutionizing the way IT teams handle their hardware, software, and resources. Moreover, by streamlining asset tracking and monitoring, this cloud based IT asset management software unlocks a multitude of benefits. Consequently, they drive operational efficiency and significantly boost profitability.

In this blog, you’ll dive into how these game-changing asset management tools can transform your IT operations!

What is network asset management software?

Network asset management software actively tracks and manages all network-related assets, such as routers, switches, and servers.

Functions

Inventory management: It maintains a detailed inventory of all network assets for comprehensive oversight.
Tracking: Moreover, it monitors the location and status of each asset. Consequently, this enables organizations to easily pinpoint their assets’ whereabouts and conditions.
Maintenance: Furthermore, it schedules and tracks maintenance activities to ensure timely upkeep and optimal network performance.
Lifecycle management: Network asset management software manages the entire lifecycle of assets, from procurement to asset disposition. Hence, it facilitates better planning and resource allocation.

How network asset management software works

Network asset management software works by helping organizations track, manage, and optimize their network assets. Here’s how it typically functions:

1. Planning

First, asset management tools identify network assets. Then, network asset management software defines the requirements and goals for these assets. Finally, it develops a strategy and budget to manage them.

2. Lifecycle management

Then, the network asset management software tracks the entire process from acquisition to disposal of assets. Consequently, this ensures that the assets meet operational needs throughout their lifecycle.

3. Commissioning

When new assets are acquired, the network asset management software helps with their installation and setup. Moreover, it ensures the assets are configured correctly and ready for use.

4. Operation

During the operation phase, the asset management tools monitor network asset performance. Additionally, it helps in ensuring that the assets function efficiently.

5. Maintenance

The network asset management software schedules regular maintenance to prevent unexpected failures. Moreover, it keeps track of maintenance activities and ensures that all tasks are completed on time.

6. Repairs

When issues arise, the network asset management software aids in problem management and repair activities. It ensures that repairs are carried out promptly and effectively.

7. Configuration changes

The network asset management software manages any changes in configuration data of a network. Additionally, it tracks these changes and ensures they are implemented correctly.

8. Replacement

When assets reach the end of their useful life, the network asset management software assists in planning and executing their replacement. Moreover, it ensures a smooth transition to new assets.

9. Decommissioning activities

Finally, cloud-based IT asset management software helps decommission old or obsolete assets. Furthermore, it ensures that these assets are disposed of properly and any associated data is securely handled.

Why your business needs network asset management software

Managing network assets manually is inefficient and error-prone. Outdated methods like disparate databases are cumbersome and inefficient. This software offers significant benefits, optimizing IT infrastructure management for IT modernization.

Here’s why your business needs network asset management software:

Increased visibility: This software provides a clear view of all network assets. Consequently, you can track and manage hardware, cloud based IT asset management software, and other IT resources efficiently.
Improved efficiency: Automating asset tracking saves time and reduces manual errors. Therefore, your IT team can focus on more strategic tasks.
Cost savings: By identifying underused or obsolete assets, you can optimize resource allocation. As a result, this leads to significant cost savings.
Enhanced security: The cloud based IT asset management software helps in maintaining an updated inventory of assets. Hence, it ensures that all devices are compliant with security policies. This way, you can quickly identify and mitigate potential cyber risk.
Better decision-making: With accurate data on asset utilization and performance, you can make informed decisions about upgrades, replacements, and investments.
Regulatory compliance: Many industries require detailed records of IT assets for IT regulatory compliance purposes. Network asset management software simplifies this process, ensuring you meet regulatory requirements.
Streamlined processes: It integrates with other IT management tools, facilitating smoother workflows and better coordination across teams.
Proactive maintenance: The cloud based IT asset management software alerts you about upcoming maintenance and end-of-life for assets. Therefore, you can plan proactively, reducing IT downtime and extending asset lifespan.

Optimizing benefits of network asset management software with Virima ITAM

Virima IT Asset Management (ITAM) is a leading network asset management software known for its comprehensive and user-friendly approach. Virima ITAM goes beyond basic IT asset tracking to offer a robust platform that simplifies each phase of the IT asset lifecycle management process.

Here’s how Virima enhances network asset management software capabilities:

Virima Service Mapping automatically discovers IT assets and maps their dependencies within your network. Consequently, this automated process removes the need for manual data input, guaranteeing a complete and precise asset inventory.

Streamlined asset management from a unified platform

Moreover, Virima ITAM simplifies the management of both IT and non-IT assets. You can seamlessly oversee asset lifecycles, monitor maintenance schedules, and ensure compliance mapping from a single, unified platform.

Near real-time visibility for decision-making

Additionally, obtain near real-time information on the status and location of all your assets with Virima’s asset tracking system. This capability allows for informed decision-making regarding asset utilization and deployment. Furthermore, it enables the identification of underused assets, better resource allocation, and more strategic investments.

Enhanced change management processes

Meanwhile, Virima’s ITAM tool integrates smoothly with the IT change management process within your ITSM platform. This integration promotes an informed approach to changes, thus minimizing disruption to critical business services.

Strengthened security and control

Virima ITAM employs role-based access control to ensure that only authorized personnel can access sensitive asset information. Additionally, the software helps track asset usage and identify potential IT security gaps.

Cost reduction

Consequently, Virima ITAM systems aid in minimizing asset loss, theft, and misplacement. By optimizing asset use and maintenance schedules, you can extend asset lifecycle management and lower overall operational costs.

Enhanced reporting and analytics

Moreover, Virima offers extensive reports and analytics on asset usage, performance, and IT cost optimization. Overall, this information can be used to optimize asset lifecycles and maximize return on investment.

Ultimately, Virima’s ITAM module, with seamless ITSM tool integration, turns network management from an isolated function into a strategic part of your overall IT operations.

Go beyond conventional network asset management software with Virima ITAM

Traditional asset management software provides essential features. However, Virima ITAM elevates asset management. By integrating physical and digital cloud based IT asset management within one platform, Virima ITAM offers a comprehensive view of your asset portfolio.

Furthermore, Virima ITAM includes powerful features like automated asset discovery, compliance management, and detailed reporting. These features enable data-driven decisions and optimized asset lifecycles.

Are you ready to manage your assets more effectively and streamline operations? Request a free demo of Virima ITAM today and discover how our extensive network management software can help your business achieve its objectives.

Benefits of network asset management software for IT teams

Table of Contents

What is network asset management software?