Top 14 IT Asset Management Software (ITAM Tools 2023)

IT Asset Management is a business practice that involves keeping track of all the assets of the business, from planning to disposal.

It helps to make decisions to optimize and maximize ROI from every asset throughout its lifecycle.

As organizations use a larger number of assets, keeping track of them manually is very tedious and time-consuming. Furthermore, due to the complex and dynamic nature of assets, there are high chances of discrepancies in the manual processes of assets management. 

Here, IT Asset Management tools help manage all the organization's assets efficiently and precisely.

Some of the benefits of IT Asset Management tools are:

• It helps you to prepare audits easily

• It helps you to take decisions from planning to procurement to disposal of your IT assets.

• It gives a complete overview of all your organization’s IT assets

• It helps to optimize and provides information needed to get better control over your IT assets

• Ensure software license compliance and removal of unwanted softwares

• It makes your IT system more secure and stable

Next, we'll discuss different IT Asset Management tools you can use to manage your IT assets.

1. Zluri

Zluri (That's us! 🙂) is a SaaS management software that helps you have the upper hand over your SaaS application landscape. It helps you track SaaS usage, its owner, renewal due and also eliminates app redundancies and shadow IT. Zluri automates repetitive tasks like employee onboarding and offboarding, saving your time and energy. 

Zluri offers control over your third-party SaaS application and helps you maintain security and compliance from a command center. 

It is best for the enterprise market with a company strength of 500+, but companies with less than 500 employees can benefit from it as well.

Discovering your organization's SaaS subscriptions:

Zluri has the largest app library with over 225k+ applications. Zluri discovery engine uses five methods to find all your apps with 100% accuracy.

Learn more about how the Zluri discovery engine works.

• Renewal Monitoring: With Zluri, you don't need to worry about surprise renewals. Zluri alerts you about upcoming renewals, giving you enough time to decide whether or not you need the app. You can determine that through the SaaS usage insights from Zluri.

• Applications Cost Optimization: Zluri helps you standardize your applications and traces your SaaS ecosystem. It monitors, measures, and helps you take control of your SaaS spend. It also helps you find hidden apps.
  

  

  

• Smooth Vendor Management: Zluri has an automated vendor management system with all the features needed to manage your SaaS stack. It maintains a SaaS system of record by integrating with your core business system, after which it prepares to maintain your vendor life cycle with your predefined workflows. 

Pros

• Discovering your organization's subscriptions

• Category and function of each application

• Find unused and underused apps

• Removing duplicate apps with overlapping functions

• Automating contract renewals

• Automating employee onboarding and onboarding

• Remove unsafe apps

• Maintain audit readiness for compliance

• Offers custom integrations with 36 hours TAT

• Direct integrations with 800+ popular apps for feature-level usage insights

• Good choice if you are paying in multiple currencies

• Employee app store to automate SaaS access management and approval workflows

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2. Manage Engine: A Complete suite of IT Software

ManageEngine's AssetExplorer is an IT Asset Management (ITAM) software that helps businesses to monitor and manage different assets from the Planning phase to the Disposal phase. 

AssetExplorer provides umpteen ways to ensure the discovery of all the assets in your organization. 

It is very easy to install and simple to use. Organizations can manage software and hardware assets throughout their lifecycle.

You can record software licenses, ensure software license compliances and track purchases and contracts. 

Features: 

• Discover all Software and Hardware asset

• Manage complete IT asset lifecycle from the planning phase to disposal

• Know the total value of your IT asset anytime

• Ensure software license compliance by control distribution, enforcement of the policy, contract, and regulatory requirements.

• Make informed decisions about hardware and software purchases throughout the entire IT Life cycle.

• Track contracts and purchase orders

Pros: 

• Easy to install and use

• Responsive and excellent support

Cons:

• Not suitable for small enterprises as it is costly

• The reporting feature is complicated

3. Solar Winds: Intuitive and Suitable for all Organizations

Solar winds Service Desk is a comprehensive web-based system for consistently tracking, managing, and controlling your IT assets.

Its inventory gathers information and captures data of different assets efficiently in one place.

It keeps track of physical assets like mobile devices, laptops, network devices too.

Features: 

• Ensure infrastructure is compliant with regulatory compliances

• Automate risk detection and policy deviation

• Allow contacting all service providers from a single dashboard

Pro: 

• Simple user management and easy to use

• A good community of support

• Cloud-based and can be operated remotely

• Suitable for all kinds of organizations

Cons:

• Limited customization on automation

• Reporting is not intuitive and straightforward.

• Implementation is a bit difficult

4. Spice Works: Powerful yet Simple to Use

Spice works IT asset management is a cloud-based software designed for managing and monitoring organizations' assets. 

It automatically finds and collects information and categorizes inventories of workstations, servers, routers and switches, and anything which is in your organization. 

It provides automated risk updates and removes unwanted software from the system, which violates policies.

Features:

• Discover and keep updated about inventory

• Keeps track of software licenses to make sure everything is compliant

• Automate risk detection

• Make a purchase request and check the status

Pros:

• Easy to deploy and simple reporting

• Simple to integrate with active directories

• Custom customization for different use cases

Cons:

• 3rd-party integration lack some ability to fine-tune data flow 

• The search function is not great

• Interface is outdated 

5. ServiceNow: Comprehensive and Customizable

ServiceNow is a fast-growing service management provider that went public in 2012. 

The IT Service Management bundle provides an agent workspace with knowledge management and modules supporting issue tracking and problem resolution, change, release and configuration management, and (on the higher tier ITSM Professional plan) ITAM and software asset management. 

It gives a complete view of all IT resources across on-premises and cloud environments.

Features:

• Service request management

• Allows to connect all asset data with service context throughout the complete IT lifecycle

• Manage software licenses, hardware assets, and cloud resources.

• Robust and scalable workflow for managing deliverables

• User-friendly and light-weight application

• Great customization and quick to integrate with external clients inventories

• Provides comprehensive and customization dashboard based on user

Pro:

• Great integration and compatibility with other tools

• Easy and intuitive interface

• Good support and almost no learning curve

Cons:

• Due to the extensive system, speed is a bit slow.

• Search is slow and complicated.

• Initial setup is complicated and time taking.

6. IBM Maximo Asset Management: Intelligent Asset Management

IBM Maximo is a cloud-based tool for IT asset, work, and compliance management of an enterprise.

It helps you manage every business aspect, including cost, data, information, and much more. 

It is highly customizable and enables you to track assets at every point in their lifecycle.

Feature:

• AI-enabled monitoring to improve the process

• Tracks asset reliability data such as idle or downtime

• Identify various risks such as non-compliance or security violations

• Monitor asset use across multiple locations and record its history

• Reliable and configurable

• Preventive maintenance and services

Pro:

• Great customization for data integration

• Flexible to manage and handle any asset

Cons:

• Initial setup and deployment is tough

• High learning curve due to excessive functionality and features

• Complicated User interface

7. Sapphire: AI-powered IT Asset Management Platform

Sapphire is an IT asset management tool which takes control of all IT assets like servers, phones, scanners, laptop, software, licenses, and more. 

It tracks all assets and shows dynamic and static real-time data about them.

It is an AI and NLP-based tool that intelligently manages and controls assets from anywhere.

Features:

• ERP and third-party integration

• Software metering and blacklisting

• Application discovery, dependency mapping, and automated topology mapping

• Flexible and easily configurable workflow

• Warranty, contract, and insurance tracking

• Depreciation scheduler

• Asset relationship and hierarchy management

Pros:

• Cost-effective and feature-rich to control and manage assets

• Low learning curve

Cons:

• The initial setup is complicated

• Support is not very responsive and up to mark

8. Syam Software: Simplified Intelligent IT Asset Management Software

Syam Software is an intelligent IT asset management software that helps you manage and track your organization's assets.

It provides a real-time report and updates about any changes in the hardware and software of the client.

Feature:

• Asset and cost tracking

• Contract, license, and compliant management

• Remove and uninstall unapproved applications

• Procurement and depreciation management

• Tracks asset history and updates

Pros:

• Reduces multiple products requirement to one

• Highly customizable

• Prompt and helpful support team

Cons:

• Steep learning curve

• The ticketing system is not intuitive

• Complex and confusing setup and workflows

9. SpaceRunner: Easy to Use IT Asset Management Platform

SpaceRunner is physical equipment maintenance software and includes features such as equipment tracking, inventory control, maintenance scheduling, warranty tracking, and work order management. 

Feature:

• Equipment and warranty tracking

• Inventory control and maintenance scheduling

• Asset lifecycle tracking

• Open API

Pros:

• Reporting is flexible

• Accounting and auditing of assets record is intuitive

• Prompt response and excellent support

Cons:

• Occasional slowdown

• Not suitable for large businesses due to very basic features

10. Asset Sonar: Simple & Easy-to-Use IT Asset Management Software

Asset Sonar is a cloud-based IT hardware and software management tool which helps you to manage assets across different locations.

It gives real-time updates about hardware lifecycle, checkout, and service needs.

Asset Sonar gives a consolidated and comprehensive view of different software installed in the IT devices in the organization.

Features: 

• Automate IT asset procurement and make informed purchase decisions and optimize procurement budgets by creating Purchase Orders

• Assign users, set alerts for license renewals and payments, track license utilization patterns, optimize software spend, and ensure license compliance at all times.

• Access accurate information for regular financial audits

• Track IT inventory and manage stock quantities at multiple locations and departments. 

• Disposal and depreciation management

• Check-in and checkout records

• Manage IT assets at multiple locations

Pros:

• Easy to use

• Excellent support

Cons:

• Limited customization

11. Secpod:  Awesome Endpoint Security and Management Platform

Secopod is a centralized IT security platform for managing and securing the endpoints of an enterprise.  

The platform offers comprehensive features such as vulnerability management, endpoint management, software deployment, application, and device control.

It also offers security compliance management, endpoint threat detection, and response features.

SanerNow is its IT asset Management software that easily assesses, audit, and administer your IT Assets and keeps you compliant and audit-ready always.

Features: 

• Track the live status of your hardware and software inventory by running incessant scans and instantly monitor and discover your IT assets available at any remote location

• Device and web threat management

• Behavior analysis

• Instantly detect vulnerable and non-compliant assets.

• It makes you always audit-ready with insightful reports

Pros:

• Automated threat response

• Vulnerability scanning and vulnerability management

• IT asset management

• Security compliance and endpoint visibility

Cons:

• Limited functions in risk management

• The reporting system is complicated.

• Not easy to navigate

12. Ezofficeinventory: Convenient and Powerful IT Asset Management Tool

EzofficeInventory is a cost-effective cloud-based software for IT asset management and control. 

Track and control assets across multiple locations from anywhere with a mobile app. Schedule and streamline your maintenance and manage vendors.

Features:

• Complete IT asset lifecycle management from procurement to retirement. Track asset purchase orders, vendors, maintenance histories, availability, and lifetime costs

• Inventory and compliance management

• Centralized inventory database

Pro:

• Provides REST APIs to integrate with any other applications

• Easy to manage asset

• Simple to set up

• Good support team and prompt response

Cons:

• The view is not optimized for different screens

• Difficult to process multiple assets at a time

• The steep initial learning curve

13. Alloy Software: A Comprehensive ITSM Platform

Alloy Navigator is an IT Service and Asset Management tool designed to centralize, automate, and streamline IT operations for organizations. 

It has two platforms – Alloy Navigator Express and Alloy Navigator Enterprise.

Alloy Navigator Express is an IT asset management software built to help small and medium businesses manage, improve, and deliver better help desk services to their customers. 

Alloy Navigator Enterprise provides users with comprehensive IT Asset Management paired with ITIL-based IT Service Management functionalities. 

It is perfect for corporate enterprises and large organizations that aspire to increase the efficiency of their IT operations. 

Features:

• It gives a complete overview of all hardware and software assets in your organization.

• Streamline maintenance of IT assets and reduces downtime by suggesting prior maintenance if required as per performance

• Activity and asset tracking

• Assignment and audit management

• Compliance, license, and contract management

Pros:

• Easy to use and implement

• Value for money

• Excellent support

Cons:

• Complicated customization and complex backend

• Too many menus and navigation causes confusion

14. Ivanti: Powerful ITSM Platform

Ivanti asset management software gives a complete view of software, hardware, servers, routers, and more assets.

It tracks your IT assets to make them work best for you. The solution's configurable design helps you define and follow custom workflows or implement out-of-the-box processes.

 Features:

• Consistent IT asset management from procurement to purchase order, receipt, deployment, and disposal.

• Keep track of IT asset information, including finding data, lifecycle status, current stock, location, and warranty information.

• Mobile application to manage and track your IT assets while distant or on the move. Search for assets, update information, check for incidents, and apply automated quick actions.

• Contract, license, and renewal management

• Compliance management

Pros:

• Support is excellent

• Manage licenses

• Mobile and desktop workspaces

Cons:

• The user interface needs improvement

• Setup is complicated and time taking

• Hard to use and steep learning curve

15. Tyasuite: Intuitive and Flexible IT Asset Management Platform

TyaSuite is a Cloud-based Enterprise Resource Planning (ERP) software designed to help businesses manage IT assets on a centralized platform. 

It enables organizations to streamline the entire procurement lifecycle, from optimizing purchase requisitions (PRs) based on available stock, safety stocks, or lead time to processing invoices and payments.

Features:

• Asset, auction, and audit management

• Automated depreciation calculation as per the companies act

• Physical verification of assets through a mobile application

• Service maintenance and asset service tracking

• Asset warranty and insurance tracking

• Approval process control

• Agile methodologies 

• Inventory and workflow management

Pros:

• Easy and fast implementation

• Flexible and intuitive user interface

• Simple to use

• Prompt and excellent support

Cons:

• Business intelligence is pretty simple

Conclusion

There are many IT asset management softwares that helps to manage your IT assets. You should first understand and list down your business' needs, which features and functionalities you're looking for and what your budget is. Based on that you can choose the one which is best for you.