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Asset management software (sometimes called software asset management, or SAM) is a tool that is used to record and track various assets throughout its lifecycle (asset tracking). The asset management tool can provide an organisation with information such as where assets are located, who is using them, details about the asset such as device type, serial number, etc. How they are being used and how much they cost. An asset management platform can be used for both hardware assets and software.
Asset management software is an important tool as it allows organisations to know what assets they have coming in and out of the business. Assets that are going out of the business need to be disposed of properly in an eco-friendly way and undergo a data erasure process. If these assets haven’t been tracked on the way in, then they can’t be tracked on the way out, resulting in potentially sensitive data being at risk. Furthermore, having asset software solutions in place can reduce overall IT spend, improve the security of the business and disaster recovery processes, and finally reduce the governance risk from legal requirements and audits such as the GDPR regulations.
Asset management software is used by a wide range of organisations covering all sectors across the private and public sectors. The NHS, universities, local authorities, betting companies, online retailers, telecoms providers etc., all use some form of asset management software in the day to day running of their business. Multiple departments can benefit from asset management software, including IT, purchasing and accounting/controlling.
Our asset management software, tesma, provides end-to-end transparency for your technology management from both a financial and technical standpoint – allowing you to know what assets you’ve got where they are and how much they really cost you.
tesma aims to simplify the management of your IT, healthcare, and industrial assets. tesma is a modular system, and when signing up for the software, you will have the choice of as many or as little of the following modules:
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