Why is ITAM Pivotal for Business?

 The process of supervising, handling, and correcting the organization’s owned IT systems, hardware, processes, and data is done by IT Asset Management (ITAM). There are several advantages of doing ITAM for business, and today we will learn more about it in this blog.

What Is ITAM?

ITAM classifies any information owned by a company used in the course of business activities. The ITAM collects a proper and detailed inventory list and then assesses it to make informed decisions regarding IT-related purchases and distribution.

Importance of ITAM for businesses

ITAM is important for any organization because of the following reasons: -

●In a company, many activities are carried out simultaneously, which leads to confusion. The asset management helps maintain order and gives the team and management truths about how the information was used. It gives a single source of truth.

●It helps the business ensure the employees remain productive without compromising productivity. Since the assets used will be noted, it offers control transparency, makes the team responsible for being too idle, and helps avoid unnecessary costs.

●You can eliminate waste and improve the utilization of the employees. Needless expenses are avoided, and the money is used for spending on items needed the most. The staff will also be in terms of the security and legal practices at work. The positive impact on the cost and productivity helps the organization grow and prosper.

Wrapping up

Are you inquisitive in knowing more about What Is Itam? You must connect with the expert team from ITAM Coaches, and they will guide you through it, helping your organization make an informed decision.

A Comprehensive Guide To Prepare For Software Licensing Audit

A software licensing audit revolves around the identification of software assets. Software vendors compare the number of software licenses bought by your company with the number of software installed on your computers. It can be time and resource-consuming for a business. Therefore, some common questions are answered to make external software audits hassle-free.

●Should You Involve an Attorney after Receiving a Software Audit request?

A software audit is inevitable, and every company has to undergo it at some point. But make it less of a headache by involving an attorney. Your attorney will know about your contractual rights and obligations. The attorney will be able to manage the process by working closely with the auditor.

●Should You Conduct an Internal Audit?

The software vendor will be willing to conduct the audit on their own. But if noncompliance is revealed, you will have to pay for any unlicensed software. Therefore, you should make your IT team conduct an internal software licensing audit. Your company should have the right to verify the revelations of a third-party suit. It ensures that you can refute potential claims of noncompliance.

●How Can You Develop a Software License Compliance Strategy?

Businesses often make their software license compliance strategy based on surviving an audit. But you should focus on creating a software license compliance strategy depending on your stock of software.

Final Thoughts

With a proactive attitude, surviving a software audit is not tricky. Boerger Consulting can help you get through a software audit without much hassle.

Three Types Of IT Asset Management You Should Know

IT Asset Management (ITAM) helps you manage the IT assets of your business. These include software, hardware, networks, user workstations, and all other assets that come under the purview of business assets. 

When effectively done, the IT Asset Management program provides significant benefits by IT cost management and reduced risk. 

This blog looks at three types of IT Asset Management in brief. 

1 - IT Asset Management

IT Asset Management, as a category, keeps its focus on the centralized management of IT assets of the business. These might include the following assets:

*Inventory Data – Inventory data includes the assets’ details like location, ownership, and condition. 

*Financial data – This includes all the financial information of the assets, including the purchase price, additional costs (e.g., maintenance), supplier information, etc.

*Contractual data - This includes all contract-related information, including handling information like Terms and Conditions, leases, agreements, and warranties.

2 – Software Asset Management and IT License Management

This type of ITAM looks after the management, control, and security of all the company’s software assets, including both in-house and third-party software.

Tracking the software assets will allow your company to ensure that all licenses are respected, payments are made on time, and no conflicts or license violations.

3 – Digital Asset Management

Digital Asset Management is a type of ITAM for managing all digital assets, such as all information related to business, documents, and files.

Conclusion

ITAM can help reduce costs related to IT, ensure your license compliance through IT License management, and aid you in managing your IT assets lifecycle. For complete solutions in IT Asset Management, please get in touch with Boerger Consulting.

Steps To Survive A Software Licensing Audit

 If organizations actively adhere to the contents of their license agreements, software compliance will never be an issue. Instead of monitoring the costs themselves, many companies rely on vendors to tell them about their licensing costs. Here are some steps that can help you better manage your license and eliminate audit nightmares Software Licensing Audit . 

1. Where are your licenses?

You may think that the answer to this is obvious, but specialized software can sneak into an organization stealthily. It is purchased for a legitimate purpose, but the department that needed it, such as transmission engineering or geological exploration, owns and manages it. 

2. Are you aware of the details of each License Agreement?

If you have not analyzed the finer details of the license agreement, you could be out of compliance. You are also advised to save all the old license agreements, as it is possible that over the years, some deviations from the original agreement may have occurred.

3. Review your software policies

With the passing years, licensing models are becoming increasingly complex, and it is quite possible that your software policy does not cover all bases. Recent mergers and acquisitions could lead to a misalignment between your policies and license agreements, and you could have overlooked this fact.

Conclusion

It would help if you created your own lab in order to perform self-audits. This will make sure that everyone is on the alert regarding license compliance, and you can be sure that you are compliant too. 

When Should You Implement An ITAM Solutions?

IT asset management, or ITAM, is a vital process that takes care of the management of certain valuable assets of your business. It manages the inventory as well as the lifecycle of an organization’s IT assets and even supports in making any strategic decision. 

But, as a business owner, how will you determine if you need ITAM solutions for your business? If you are finding it hard to pin-point exact signs, then here are some signs you need to check for:

1- Increased accountability

If you are finding it hard to keep track of all the assets and who has them, then IT asset management solutions can help you gain full visibility over where your assets are and who has them.

2- Compliance

Besides handling IT assets effectively for accounting and audits, you should monitor your assets for the fact that it holds sensitive data. Only then can you stay assured that your company is GDPR compliant.  

3- Costs savings

Most businesses end up wasting their money because they have no idea of what the business owns and pays for. With a reliable ITAM solution, you get transparency and control on how to avoid unnecessary spending.

4- Increased visibility

If you don’t have an answer for “What software do we use?” or “How can we cut down the expense?” Then ITAM is an important investment you need to focus on. 

Wrapping up

If these are some signs that you are noticing in your business, then it is time for you to connect with Boerger Consultancy for reliable ITAM solutions.