What is IT Asset Management (ITAM)?

IT Asset Management (ITAM) is a systematic approach to managing an organization’s IT assets throughout their lifecycle. These assets include a wide range of hardware and software resources, such as servers, computers, software licenses, mobile devices, and more. ITAM provides a holistic view of your IT infrastructure, enabling efficient tracking, maintenance, and optimization of these valuable resources. 

A well-implemented ITAM solution serves as a compass, guiding your organization through the complexities of modern technology management. It empowers you to make informed decisions, optimize resource allocation, enhance security, and streamline IT operations. Let’s look at the core components of ITAM. 

7 Key Components of IT Asset Management

that will BOOST your it team’s productivity

Asset discovery and inventoryIdentify and classify all IT assets, both hardware and software, within your organization. 
Maintain an up-to-date inventory to track changes and additions. 
Asset tracking and monitoringMonitor asset usage, health, and performance. 
Set alerts for potential issues or vulnerabilities. 
Software license ManagementEnsure compliance with software licenses to avoid legal and financial risks. 
Optimize software usage to minimize costs. 
Vendor managementManage relationships with IT vendors and suppliers. 
Negotiate contracts, pricing, and service levels effectively. 
Cost management Track IT expenditures and allocate costs to specific departments or projects. 
Identify cost-saving opportunities and reduce unnecessary spending. 
Security and risk mitigationEnhance cybersecurity by identifying and addressing vulnerabilities. 
Implement security policies and protocols to safeguard IT assets. 
Reporting and analyticsGenerate insightful reports and analytics to support data-driven decision-making. 
Identify trends, performance bottlenecks, and areas for improvement. 

Benefits of IT Asset Management

Cost Optimization

ITAM helps reduce unnecessary spending on underutilized assets and unlicensed software.

Compliance assurance

Ensure compliance with software licenses, minimizing legal and financial risks.

Enhanced security

Identify and mitigate security vulnerabilities, protecting sensitive data

Improved productivity

Streamline IT operations and resource allocation for maximum efficiency.

Informed decision-making

Data-driven insights empower strategic IT planning and investment.

Risk reduction

Proactively address potential issues, reducing downtime and disruptions.

Choosing the right ITAM Solution

Distinguishing between a good and bad ITAM solution is crucial. Here’s what to look for:

Good ITAM software

Comprehensive asset discovery and tracking
Robust reporting and analytics tools
User-friendly interface for easy adoption
Scalability to accommodate organization’s growth
Responsive and knowledgeable customer support

Bad ITAM software

Limited asset tracking features
Inadequate reporting and analytics capabilities
Complex or unintuitive user interface
Inflexible and unable to scale with your organization
Slow or unresponsive customer support

Find your perfect ITAM tool today

Try the FileWave tool for free to see if it fits your needs. Our experts will guide you through the platform and give you access to a 30-day free trail.

Discover how FileWave’s excellent endpoint management tool can complement and support your organization’s ITAM needs

Cross-platform management

FileWave offers support for multiple operating systems, including macOS, Windows, iOS, Chrome OS, and Android.n

Remote content distribution 

Remotely distribute software and support your users to enable productivity worldwide. Control devices from anywhere.

Self-healing and booster technology

Automatically repair and reinstall any software that has been removed, corrupted, or altered by users.n


Frequently asked questions about FileWave

  • General

  • Security

  • Partners

Does FileWave offer a free trial?

Yes, we offer a 30-day free trial. After you request an account, you will receive 30 days of full access to FileWave features.

Which operating systems are compatible with FileWave products?

FileWave offers support for macOS, iOS, tvOS, iPadOS, Windows, Chrome, and Android.

Does FileWave charge for migration and onboarding?

FileWave offers free onboarding, and we support the migration from your existing UEM/MDM solutions for all our customers.

We have little or no IT resources, can FileWave help us set up the whole device management process?

Yes, FileWave offers Professional service of assist you in setting up the device management process, enrolling new devices or customizing existing workflows. Find out more here.

What is FileWave’s pricing based on?

FileWave pricing methodology is based on the number of devices and users. We offer one of the best price for the value on the market. See pricing for your case here.

How does FileWave help me protect sensitive data on devices?

Protecting the security and privacy of Customer Content is a top priority for FileWave. FileWave encrypts all Customer Content in-transit and at-rest. FileWave’s cloud services are hosted in secure, state-of-the-art data centers with fully redundant backup systems, and FileWave primarily uses Amazon Web Services (AWS) to provide the services.

What are the key elements of FileWave’s data security program?

FileWave’s security program includes controls described in FileWave’s Information Security Schedule, SOC 2 reports, and ISO 27001 certifications.

Does FileWave work with partners?

Yes, we have a dedicated team members in Sales, Marketing, and Engineering departments to help our partners in EMEA, Americas, and APAC grow their business with FileWave. Learn more about our partner program here.

What are the benefits of becoming a FileWave partner?

A partnership with us gives your organization access to benefits like competitive pricing, strategically focused marketing initiatives, and in-depth competitive business reviews. See the list of all benefits here.

I would like to become a partner or an MSP – where do I start?

Contact us to start your partnership journey, we’re looking forward to working with you!

Request free access to FileWave

We offer a free 30-day trial with unlimited access to all features. Our Sales Engineers will guide you through the onboarding process and answer any of your questions.

Scroll to Top