IT asset management revolves around tracking computers and in recent years a wide variety of mobile devices — whatever notebooks, tablets, and phones the company owns and has out in the field being operated by employees. But IT also needs to track virtual assets, usually software licenses, and recently that’s become subscription-oriented task as IT administrators need to know which cloud service subscriptions are active, inactive, or in some other suspended state. However, IT isn’t the only department that needs to track its capital assets.
From copiers to trucks, most objects your company possesses need to be tracked by different facets of the business, from accounting to facilities management. Up until recently, this process was usually handled by using spreadsheets, with a manual inventory to update anytime something changed. Someone would generate the asset report for accounting purposes and, if you were lucky, your spreadsheet supported formulas and macros to make things easier.