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7 best IT asset management software solutions: 1. Level 2. Asset Panda 3. ServiceNow 4. ManageEngine 5. Ivanti Neurons 6. Lansweeper 7. Snipe-IT.
Level
Monday, February 3, 2025
IT asset management (ITAM) software is useful if your business has a large number of IT assets. It tracks and organizes these resources effectively in a single platform.
This can help your team save time, optimize costs, and maintain regulatory compliance.
In this article, we'll cover the best IT asset management solutions and their features. We'll also discuss factors to consider to help you choose the right tool for your needs.
ITAM software is a specialized system designed to manage all IT resources within an organization. It stands apart from traditional management tools.
Traditional methods handle physical goods like equipment and inventory. They require people to count assets and jot down records manually. This is labor-intensive and often leads to mistakes.
In contrast, IT management software helps track assets in an instant. It tells you where IT resources are located, who uses them, and when they need to be updated to secure systems.
Let’s take a closer look at the main differences between IT asset management software and traditional management tools.
Selecting the right software is important for organizations seeking to manage their IT assets effectively. Below are the best tools for IT asset management.
Level is a remote monitoring and management (RMM) platform with IT asset management capabilities. It can automatically track and monitor devices connected to your organization's network. These include desktops, laptops, servers, and even IoT gadgets.
Level consolidates hardware and software inventory, allowing you to manage every asset on one platform. This saves significant time because it reduces the need to switch between different tools. It enables your IT team to focus on more important tasks.
Level can also alert the relevant department when issues arise, such as outdated assets or unknown apps being installed on your desktops.
The platform even gives you the flexibility to tailor these notifications to prevent alert fatigue and address problems before impacting your operations.
On top of these benefits, Level is cost-effective for businesses of all sizes. It follows transparent and flexible RMM pricing that can quickly scale up or down based on your needs. For as low as $2 per endpoint (with a minimum $20 monthly bill), it gives you access to the full platform.
Schedule a personalized demo or start a free trial of Level today.
Level is among the best IT asset management software for internal IT teams and managed service providers (MSPs).
It is a great choice for businesses of all sizes seeking to manage assets anywhere at any time. It is particularly useful for companies with a hybrid or remote workforce.
Book a demo or sign up for a free account to get started with Level today.
Asset Panda is a cloud-based asset management platform known for its extensive tracking capabilities. It can retrieve each device's status, location, and current condition in real time.
The platform also offers a user-friendly interface and a mobile app. This allows IT teams to access and update asset information on the go.
Meanwhile, Asset Panda's barcode technology can quickly generate, print, and scan asset tags. It is useful for tracking hardware IT assets like laptops, keyboards, and other peripherals.
Asset Panda is useful for small to medium organizations that need a user-friendly and flexible asset management solution.Additionally, larger enterprises with complex asset requirements will also find value in its scalability.However, the hidden pricing details make it a barrier for companies that want to plan their budgets accordingly.
ServiceNow is an AI-powered platform that offers a scalable asset management solution for businesses.
It can automate the lifecycle management of software, hardware, and cloud assets. This allows teams to predict when to replace resources and reduce costs due to unplanned downtimes.
ServiceNow is also known for its ability to integrate with other IT management software. It provides organizations with extensive oversight of their IT assets to support better decision-making.
ServiceNow caters to large enterprises with complex asset management needs. Its integration with ITSM and other IT management tools makes it useful for organizations looking to unify their IT operations.
ManageEngine AssetExplorer helps IT teams track, monitor, and manage assets throughout their lifecycle. It supports hardware and software tracking, compliance management, and configuration management.
The platform also provides out-of-the-box automation capabilities. These can automatically handle routine tasks, like scanning for updates or assigning resources to users based on their roles.
AssetExplorer can generate visual reports that make it easier to understand complex data. This helps businesses make informed decisions.
ManageEngine AssetExplorer suits mid-sized to large businesses with complex IT infrastructures. It is useful for those seeking a solution that can be installed on-premises or accessible via the cloud.
Ivanti Neurons is an enterprise service management platform that offers tools for effective ITAM. It consolidates data from all connected devices and tracks their entire lifecycle, from purchase to disposal. This unified asset view enables organizations to optimize costs and reduce risks.
Ivanti Neurons also offers a mobile app for on-the-go management. It can support incident tracking, asset filtering, and automation.
Ivanti Neurons' ITAM software suits large enterprises and medium businesses seeking to optimize costs. Its real-time financial reports help organizations negotiate better contracts with vendors.
Lansweeper is an all-in-one software that provides full visibility into IT, OT (operational technology), and IoT assets. It can automate asset discovery and create a centralized inventory to prevent over-purchasing or duplicate transactions.
Lansweeper also includes risk management tools. It can automatically detect rogue devices connected to a company's network before they cause system issues.
Lansweeper caters to businesses with extensive IT, OT, and IoT assets. The platform can be used by almost every role within an organization, from system administrators to cybersecurity teams.
Snipe-IT is an open-source, free asset management software that can help organizations manage technological resources at a low cost.
Its web-based interface ensures accessibility across different devices. Meanwhile, its mobile-friendly design enables teams to track and update assets on the go.
Snipe-IT also offers access to a JSON REST API. This allows businesses to develop custom automation and integrate the software with other third-party platforms.
Snipe-IT's free asset management software suits small to mid-sized businesses. It can also cater to enterprises with complex needs that seek custom, self-hosted asset tracking.
Using any IT asset management software above can help your business manage IT risk and maintain compliance. Here are the other benefits of implementing ITAM software:
The software offers a real-time view of your company's hardware and software inventory. It monitors all types of assets, whether mobile devices used by employees or stationary cloud assets.
This feature prevents resource shortages or excess to keep a balanced inventory.
While most ITAM software costs money to implement, it helps you save money in the long run.
The platform prevents buying unnecessary assets and oversees existing ones. These include every network device and mobile endpoint connected to your company's network.
It can also generate reports that can identify cost-saving opportunities and underutilized resources. These help you decide when to reallocate or retire these assets to cut down on fees.
New security risks emerge daily, which can compromise sensitive data and cause system interruptions.
An effective asset management tool counters these threats by monitoring all assets in real time. This proactive approach helps you stay ahead of issues and mitigate them before they impact operations.
ITAM software can also enforce strict security policies, such as multi-factor authentication and complex passwords. These can minimize security risks and maintain business continuity.
Tracking software compliance becomes easy with asset management software. It automatically handles your licenses and monitors your compliance status with minimal human oversight.
This tool keeps your business on the right side of the law, which prevents penalties. As a result, managing software assets within any organization, be it small or large, becomes hassle-free.
Modern asset management software eliminates manual record-keeping efforts. It automatically logs every piece of data and consolidates them to simplify the asset management process.
Most ITAM platforms can also automate routine tasks like reporting and third-party patch management. This can save valuable time and increase IT efficiency.
Asset management solutions come with key features that make them valuable to different businesses. It's important to evaluate these capabilities when choosing the best ITAM software:
Asset tracking software provides up-to-date information about the inventory of both hardware and software assets.
This real-time view helps prevent lost or misplaced devices. It also detects unauthorized software installations and potential security risks.
Every IT asset has a lifecycle from procurement to disposal. Tracking this process prevents unexpected downtime and extends asset life.
ITAM software ensures timely upgrades, maintenance, and replacement to avoid unnecessary costs.
Efficient license management is a core component of any IT asset management platform. It helps you maintain license compliance, track software usage, and keep up with renewal dates.
This prevents both overspending and underutilization. At the same time, it helps you negotiate better contract terms with software vendors.
Asset management software includes hardware management capabilities. These cover key aspects of physical devices and equipment tracking, from desktops to mobile phones.
The platform also provides a clear picture of the hardware's location, health, and status across your entire organization. This helps you plan for hardware upgrades before failures disrupt operations.
Risk management is another key feature of IT asset management solutions. It routinely checks if you are compliant with security standards. This action helps reduce risks associated with software and hardware.
Contract management is equally important. It tracks vendor data to ensure you meet the terms and conditions set by the software vendor.
The best ITAM software can generate detailed reports and analytics.
These insights make it easier to understand asset utilization and identify cost-saving opportunities. They also help you make informed decisions about future asset needs.
Choosing the best ITAM software requires careful thought. Below is a step-by-step guide to simplify the process for your business:
f your operational scale is small, look for software that is simple yet efficient. For large businesses, you need a sophisticated system capable of handling extensive data.
A cost-effective solution with transparent pricing like Level can also be helpful.
Consider what you plan to manage. Are they physical items like computers and phones? If so, choose software with robust physical asset tracking features.
However, if you primarily manage cloud network environments, your software should specialize in digital assets.
Jot down what tasks you want the software to perform. These might include maintaining records, tracking item locations, or overseeing repairs and maintenance.
Think about how much you can spend. Some software offers more features but comes with a higher price tag. Meanwhile, budget-friendly options might have fewer features.
Choose ITAM platforms that balance both cost and capabilities.
Does the software management tool have the capacity to grow with your business? Prioritize those that can accommodate an increasing number of asset types as your company expands.
Refer to reviews and learn what other businesses have to say. They share first-hand experiences, both good and bad, which can be invaluable in your decision-making process.
Check if the asset management software can connect to your existing tech stack.
Then, assess how easy it is to integrate the ITAM software with other platforms your business already uses. Understand if you need a training program, how long integration will take, or how customizable it is.
Many companies provide a trial version of their software. A hands-on experience can help you decide if the software aligns with your business requirements.
Level's modern RMM software changes the way IT teams and MSPs handle their IT asset management tasks. It saves organizations countless hours through its unified asset inventory and browser-based dashboard. This eliminates the need to switch between different platforms to track hardware and software resources.
Level also allows you to take advantage of modernized remote access, intuitive automation, and a suite of tools that will elevate your asset management processes.
Whether you're looking to improve efficiency, optimize costs, reduce risk, or strengthen security, Level provides the technology to make it happen.
Book a demo or try Level free for 14 days right now!
An IT asset management system is a tool that helps businesses track hardware and software assets. It provides real-time visibility into asset status, usage, and lifecycle.
You can use several software solutions to manage IT assets. These include Level, Asset Panda, ServiceNow, and ManageEngine AssetExplorer, among others.
An IT asset can be any technology-related resource owned by a business. Popular examples of IT assets include laptops, servers, routers, software licenses, cloud services, and mobile devices. They can also include virtual machines and IoT devices.
Yes, software asset management (SAM) is a key component of the information technology infrastructure library (ITIL).
ITIL defines best practices for IT service management, while SAM ensures software compliance and efficient license usage.
At Level, we understand the modern challenges faced by IT professionals. That's why we've crafted a robust, browser-based Remote Monitoring and Management (RMM) platform that's as flexible as it is secure. Whether your team operates on Windows, Mac, or Linux, Level equips you with the tools to manage, monitor, and control your company's devices seamlessly from anywhere.
Ready to revolutionize how your IT team works? Experience the power of managing a thousand devices as effortlessly as one. Start with Level today—sign up for a free trial or book a demo to see Level in action.
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