News and Insights – July 2017

Newsletter - IT Asset Management Strategies

In this deep dive edition, we take a comprehensive look at IT Asset Management (ITAM) for SMBs in Argentina. As technology costs rise and software sprawl increases, smart asset management becomes a strategic imperative.

Making IT Asset Management Work for You

Too often, IT asset management is viewed as a back-office task or a licensing formality. In reality, managing your hardware, software, and infrastructure with precision can save thousands of pesos annually—and greatly reduce risk. Here’s how:

Benefits of an ITAM Strategy

• 🔹 Reduce software licensing costs through proactive renewals.
• 🔹 Minimise downtime by tracking aging hardware and planning upgrades.
• 🔹 Enforce cybersecurity policies by maintaining up-to-date inventories.
• 🔹 Support compliance with auditing and reporting tools.
• 🔹 Eliminate wasteful spending on unused or duplicate services.

Steps to Implement ITAM in Your Business

1. 📋 Create an asset inventory including serial numbers, purchase dates, and locations.
2. 🔐 Classify devices by criticality (e.g., user endpoint, server, cloud platform).
3. ⚙️ Standardise procurement and retirement processes.
4. 🔄 Use asset tags and lifecycle statuses to track physical and virtual assets.
5. 📊 Review usage patterns to optimise software subscriptions.
6. 📁 Back up ITAM records securely and automate reporting.

Here is an asset management starter kit to help you formalise your process and avoid common pitfalls: IT Asset Management (ITAM) Starter Kit