Hardware Asset Management
Transform the technology portfolio effectively
Your organization is running on an intricate technology stack comprised of on-premises hardware, software and cloud services. But your tech stack is only as good as the weakest link, which in many cases might be your aging hardware. Flexera’s Hardware Asset Management capabilities enable you to maximize your hardware investments and make critical hardware lifecycle, migration and modernization decisions.
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Manage your equipment with insights
The Flexera advantage
Great data empowers great insights
Flexera’s Hardware Asset Management solution enables you to:
- Get the enriched data required to minimize risk and costs of running your hardware
- Manage assets throughout their lifecycle
- Automate the lifecycle management process
- Know the status of your assets from the time they’re requested until they’re disposed
Eliminate manual processes
Automate the lifecycle
Flexera One automates the hardware lifecycle by integrating with hardware vendors, asset registers, procurement systems, inventory tools, barcoding equipment and disposal vendors to automatically set asset disposition. Now you can effectively track assets as they move through their lifecycle and eliminate spreadsheets or other manual processes.
Lifecycle alerts
Receive alerts on lifecycle events
Stay informed as new hardware arrives, reaches its end of life, the warranty expires, or its lease is terminated so you can make decisions to reduce risk. Flexera enables you to find leased, missing and “ghost” machines to help protect your data/IP. Use non-discoverable market data from Flexera like hardware end of life or end of support to avoid outages.
Save on software
Reclaim software before hardware is disposed
Every year, companies toss millions of dollars of software into the virtual dumpster because the software is not reclaimed as assets are disposed. Flexera One automatically reclaims software and subscriptions as hardware is retired or refreshed so you can preserve your investment in the software licenses.
Capitalize on integrations
Clean your data
Utilize existing inventory tools in the environment and/or use Flexera One’s discovery and normalization capabilities to inventory all your assets. Integrate with your IT service management (ITSM) platform to deliver maximum return on investment with clean, relevant and up-to-date configuration item data.
We tended to overbuy hardware in [some] cases, underbuy in other cases and not be able to properly check all the hardware assets so we didn’t know how to reallocate them. Now we see things getting moved around in the field and have great visibility of it. So, I can show how we are essentially taking cost out of the business by effectively and efficiently managing hardware by repurposing, reallocating, and only buying what we need when we need it.
Managing Director, IT Supply chain organization
Frequently asked questions
An IT asset is hardware or software within an information technology environment. These components are used for the storage, management, control, display and transmission of data, among others.
IT asset management (ITAM) software is a program designed to record and track the lifecycle of all IT assets in an organization.
IT asset management solutions enable the monitoring, tracking and management of who and what is in your IT infrastructure. This allows you to understand what components are accessible to whom and adjust manager control wherever necessary.
An ITAM system can also grasp end-of-life and end-of-service intrusion points of your assets, which can help you keep your IT estate up-to-date and ready to combat any issues.
While hardware and software assets operate in different areas and are used in distinct processes, ITAM should include both HAM and SAM for a full view of your IT estate.
HAM is attached to SAM by way of software licenses, license reclamation, etc. Understanding the connection between the two service features can help you more efficiently manage your asset lifecycle and maximize your technology investments.
While similar, ITAM and configuration management database (CMDB) differ in purpose and goals. ITAM intends to provide an overview of IT assets, particularly concerning their lifecycle, to minimize security risks, reduce costs, maximize the business value of technology and make IT-related decisions easier.
A CMDB, on the other hand, is a centralized repository (like a filing system) used to store all of the data of an IT environment. It allows organizations to monitor, track and manage all IT assets in one place.
ITAM is a process that accounts for the planning, acquisition, utilization, maintenance and disposal of IT assets. IT service management (ITSM), on the other hand, is an approach for designing, delivering and managing how an organization uses its IT assets.
ITAM’s goal is to optimize and minimize costs by managing hardware and software assets. Meanwhile, ITSM is meant to ensure the delivery of IT services to customers.
Hybrid ITAM refers to the intersection of ITAM and financial operations (FinOps). This intersection has a blind spot in the management of software on cloud products such as AWS, and Microsoft Azure. To address this blind spot ITAM and FinOps teams need to work together to manage the cloud software.
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Gain visibility into your hardware infrastructure, budget and forecast for hardware replacement, and manage your hardware assets until end of life (EOL).