ServiceNow Asset Management
Having a ServiceNow Asset Management system in place can be a great thing for your company. However, the benefits aren’t limited to the software. The system can also help with the creation and maintenance of contracts. This is especially important when it comes to outsourcing your work.
Software Asset Management
Whether you are looking for visibility into your software spend or improving software compliance, the ServiceNow Asset Software Asset Management solution is the answer. It provides an automated workflow for tracking your assets. It also provides guidance on identifying areas of improvement and implementing remediation options.
The application has an intuitive user interface, allowing users to better manage their software installations. It also offers actionable data visualizations and insights. The software can be integrated with the Technology Reference Model of Application Portfolio Management. It is also compatible with third-party apps and discovery sources.
The application’s dashboards provide real-time analytics and guidance on how to optimize your software spend. It provides visibility into SaaS and SSO subscriptions, and it can be used in conjunction with other governance, risk, and compliance applications. It can also be configured with publisher packs to extend functionality between the Now Platform and top third-party software publishers.
The application also includes Health Check ServiceNow Store, which can detect and resolve errors. It can also coordinate employee offboarding and help ensure that unauthorized software is removed.
Contract Management
Among the many components of ServiceNow, the Asset Management suite offers a wide range of tools and capabilities to help businesses deliver. Whether it’s managing a stockroom or creating purchase orders for out-of-stock items, ServiceNow helps personnel do their jobs quickly and efficiently.
One of the most important parts of the IT asset management process is maintaining an adequate stock balance. By automating the tracking of inventory and software licenses, ServiceNow helps eliminate the tedious and time-consuming task of reconciling these assets. The tool also allows personnel to repurpose used assets.
In addition to managing assets, the suite also features Incident / Request Management, Billing, and Email Integration. These applications integrate with the ServiceNow Configuration Management Database (CMDB) and provide a more comprehensive view of an organization’s assets.
Another important function of the asset management module is document version control. This functionality makes it possible to track changes to contracts. It is also possible to automate the approval of changes.
Document Management
Using ServiceNow Asset Management, organizations can track inventory, financial and contractual details of assets. The process is simple and automated, and it provides companies with a way to cut labor costs and reduce waste.
The platform offers a variety of dashboards, reports and integration with other systems to help manage the lifecycle of assets. It also has a service catalog, which allows users to browse, purchase, and receive items from vendors.
The most comprehensive asset management solution should incorporate all stages of the asset lifecycle. This includes maintenance, procurement, and disposal. In the context of IT asset management, this includes managing hardware and software entitlements.
The best way to perform this feat is to create processes for each asset. This is done with the help of the IT Asset Management (ITAM) tool. Depending on your business needs, the best method for asset management may vary.
One example is the Hardware Asset Management (HAM) application. This app normalizes data and provides mobile capabilities. It also provides weekly content updates.
Best Practices
Whether your organization has a single or multiple locations, a ServiceNow Asset Management solution can help you increase productivity and manage your assets effectively. It can also provide you with valuable information about the state of your IT asset management.
IT asset management helps companies find, configure, and integrate hardware and other assets. It also helps them secure personal gadgets and maintain acceptable use policies. This can reduce costs and improve asset management efficiency.
A ServiceNow ITAM implementation can run efficiently and effectively if you follow the best practices. However, you will need to work with a team that has experience with asset management. This can include a project manager, a business analyst, and someone with technical expertise.
It’s important to consider the quality of data you ingest into ServiceNow. The data should be trustworthy and useful. If the quality of the data is poor, then it can muddle your asset management.
Ensure that the quality of data is properly monitored. You can do this by repeating quality control steps.
