10 Benefits of Hardware Asset Management (HAM)

What Is Hardware Asset Management (HAM)?

Hardware Asset Management is a set of applications that manage the lifecycle of all IT assets, such as desktop computers, laptops, mouse devices, servers, printers, from acquisition to disposal.

10 Benefits of Hardware Asset Management (HAM)

1. Allows You to Save Costs
2. Manages the Lifespan of Assets
3. Provides Return on Investment (ROI)
4. Increases Productivity and Business Agility
5. Saves Time
6. Increases Your Control Over IT Inventories
7. Provides Centralized Information Advantage
8. Prevents Asset Theft
9. Makes Your Job Easier With the Reports It Provides
10. Alleviates User Anxiety

Allows You to Save Costs

Hardware Asset Management (HAM) reduces the maintenance costs of your assets and the costs of unexpected failures. Using Hardware Asset Management, you are less likely to encounter a surprise failure as it will warn you about the asset life. Businesses must dispose of end-of-life assets and 'dead weights'. Often these assets are not known to expire and unnecessary maintenance costs arise. Thanks to HAM, your assets are maintained on time. In this way, both their lifespan is extended and their costs are reduced.

Manages the Lifespan of Assets

When your hardware assets are regularly maintained, you can get maximum efficiency from your assets. With HAM, you can manage the issues that are important to your business, such as the date of purchase of your software and hardware assets, the last maintenance date, vendor details, the planning of the next maintenance, the date of disposal, etc. HAM helps you to be aware of risky situations related to your hardware assets and increases efficiency.

Provides Return on Investment (ROI)

The effect of Hardware Asset Management on investments is a long-term benefit. With a correct HAM implementation, there will be reductions in the IT spending plan and cash spent on equipment. These cash amounts can then be spent on another area within IT.

Increases Productivity and Business Agility

Hardware Asset Management frees up resources so employees can focus on their core responsibilities. As employees move from manual inefficient processes to automated processes, the administrative burden is reduced and they can do much more than before. Hardware Asset Management Software ensures that asset problems are detected before they occur, preventing disruption of business processes. HAM gives your employees greater control over their hardware assets.

Saves Time

With effective HAM Software, the time your business spends on managing hardware assets will be cut in half. Since HAM processes will make hardware management easy, you will be able to access everything related to your hardware assets in a short time without any problems.

Increases Your Control Over IT Inventories

Having deeper knowledge and visibility into your hardware assets will also increase your control over your IT inventories. Monitoring assets in the IT environment helps your IT teams ensure compliance. By using the asset discovery feature, you can determine whether your hardware assets are used in the right place and in the right way. You can monitor your hardware assets in real-time and follow automated processes. You will be alerted by the system when one of your assets is offline. With timely alerts, you can support the correct operation of your assets. Identifying problems instantly also speeds up your operational processes. Values such as governance, transparency, and accountability will increase as you will know who is using your assets.

Provides Centralized Information Advantage

More than 70% of businesses face billing surprises related to their assets. The reason for these unexpected costs is the lack of centralization of information. Departments are not aware of the costs they will face until they see the invoices. Centralization of information is essential to prevent this situation.

Prevents Asset Theft

Asset theft is a bad picture that most businesses face from time to time. One of the biggest challenges of asset theft is the time lost and the amount spent buying a replacement. In order to avoid this process, which negatively affects work efficiency, businesses should take precautions in advance. You can get information about the usage status of your assets by detecting whether users use their assets regularly or not. You can take the necessary precautions with HAM so that the asset can be safe and lost assets can be easily found.

Makes Your Job Easier With the Reports It Provides

Thanks to the reports and statistics you will get with HAM, you can find out if your assets are getting more maintenance than necessary. You can support your successful business processes by acting on the results of these reports before making important decisions. By thinking about how you can strategically evaluate the data you have obtained, you will take precautions against many problems that you may encounter in the long run.

Alleviates User Anxiety

The efficiency of hardware assets of your business is an issue that concerns all your employees. It is a fact that systematically monitored life cycles of assets will have a positive impact on all business processes. Hardware assets create a sense of responsibility for users. For this reason, monitoring with a good HAM software will also relieve users' concerns about their assets.

Hardware maintenance is an issue that directly affects the profitability of a business. Businesses that do not care about asset maintenance are preparing the ground for many problems. We have listed the benefits of the convenience you will get with Hardware Asset Management Software for your business. Loggle offers you a platform where you can manage all the IT assets of your business from a single source.

Contact us to take a closer look at the solutions developed specifically for businesses.