5 Ways a Software Asset Inventory Benefits Your Business

These days, it's rare to come across a company who doesn't use some form of modern technology to operate their business. If you have more than a few technologies to keep track of, the process can become overwhelming, and tech can slip through the cracks. Creating a software asset inventory can help you track each piece of technology and get the most out of its life cycle.

Here are some of the top benefits you can take advantage of by using the right inventory system to track your software.

Save Valuable Work Time

The saying time is money has never been truer when it comes to the time your employees spend on work tasks. When you have an organized software asset inventory, you and your team won't have to spend time searching for valuable IT assets. You'll know exactly where the tech you need is located exactly when you need it. Spending time searching for the software or technology you need takes away from the dozens of other tasks you and your team need to work on each day. By having an organized inventory, you will know where each asset is located, and can move on with your work day.

Keep More of Your Money

There's nothing worse than realizing you've spent money you didn't need to spend. When it comes to keeping your assets updated, emergency repairs and replacement costs can run you dry when it comes to your asset budget. However, when you keep an updated inventory of your software and IT assets, you'll be able to save in several areas. Keeping an inventory will help you know when you need to schedule repairs, which in turn increases your software's lifespan. You'll also be able to take advantage of available warranties, which can protect you in the event of data failure.

Reduce Asset Risk with Software Asset Inventory

Whenever you have anything of value in your business, there's always an aspect of risk at play. Your employees could potentially steal your assets, or the assets themselves could experience catastrophic failure. When you implement an organized software asset inventory, you'll make it harder for your employees to walk off with your assets unnoticed. Your inventory system will also help you keep track of maintenance requirements, which in turn makes it less likely that your assets could stop working in a destructive way.

Improve Customer Service

Anything that helps you provide better customer service is worth investing in. Your customers are the heart of your business, and should be treated as the most valuable aspect of your company. Using the right inventory system will help your company be more responsive to customer requests and will help you fill customer orders more quickly. You won't be in a position where you promise more than you can deliver, and you can count on the reliability of your systems.

Increase IT Security

With the increase in technology moving to the cloud, IT security is on everyone's mind. Using the right inventory tracking solution can help you track the usage of each of your software solutions, as well as helping you keep track of licensing requirements.


Asset Panda's inventory solution is the perfect way to track your software inventory. Our secure access cloud-based software makes it easy for your employees to access inventory information without compromising the integrity of your data.

Want to see how easy it is to use Asset Panda? Take a free guided tour today!


Bree Brouwer

Bree has held plenty of media- and marketing-related jobs over the years now, like working as a PR and marketing assistant to a Hollywood screenwriting coach, and writing content for three different digital marketing agencies.

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