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servicenow 101
ServiceNow ITAM (IT Asset Management) is a system that gives you complete visibility and control over all your IT assets, helping you optimize costs and manage risk throughout their entire lifecycle.
ServiceNow ITAM (IT Asset Management) is a suite of applications within the ServiceNow platform that gives organizations full visibility and control over their technology assets. Simply put, it's a centralized system for managing every single IT asset, from hardware and software to cloud resources, throughout its entire lifecycle.
In today's complex IT environments, businesses need to know exactly what they own, where it is, and how it's being used. ServiceNow ITAM replaces fragmented spreadsheets and manual processes with automated, intelligent workflows that help you make informed decisions, optimize asset utilization, and ensure compliance.
ServiceNow ITAM isn't a single tool; it's a comprehensive suite designed to address every aspect of asset management. Its core applications work together to provide a single source of truth for all your IT assets.
Hardware Asset Management (HAM): This component manages the full lifecycle of physical assets like laptops, servers, and network devices. It automates tracking from the moment an asset is procured to its eventual disposal, helping you reduce costs and improve accountability.
Software Asset Management (SAM): A crucial part of ITAM, this application helps you manage and optimize your software licenses. It tracks software usage, automates compliance reporting, and identifies underutilized licenses, preventing costly audits and overspending.
Cloud Asset Management: As more businesses move to the cloud, managing cloud-based assets and costs becomes essential. This feature provides visibility into your cloud resources (like SaaS and IaaS), helping you monitor usage and spending to identify opportunities for optimization.
An effective ITAM strategy on the ServiceNow platform delivers significant benefits that impact your bottom line and overall operational health.
Cost Optimization: By gaining a clear view of your asset inventory, you can eliminate redundant purchases, reclaim unused software licenses, and optimize cloud spending. This leads to measurable cost savings that directly benefit your budget.
Enhanced Compliance and Risk Reduction: ServiceNow ITAM ensures you remain compliant with software licensing agreements and industry regulations. It automates audits and tracks asset-related data, significantly reducing the risk of fines and legal issues.
Improved Efficiency: Automating asset-related workflows, from procurement and onboarding to maintenance and retirement, frees up your IT team from manual tasks. This allows them to focus on more strategic initiatives that drive business innovation and growth.
Data-Driven Decision-Making: With real-time dashboards and comprehensive reporting, you can make smarter decisions about your IT investments. You’ll have the data you need to forecast future needs and align your asset strategy with your business goals.
Gain complete control over your technology assets and unlock new levels of efficiency with a smarter approach to asset management. Whether you need a full ServiceNow ITAM implementation or simply want to optimize your current software licenses, our experts are here to guide you. Contact STAND 8 today to start a conversation about your business needs and discover how our solutions can help you achieve your goals.
