The Top 7 IT Asset Management (ITAM) Solutions

Asset Panda is a cloud-based platform designed for comprehensive asset management and tracking, including both physical and digital assets. It supports third-party integrations including SSO providers, MDM tools, and ITSM platforms, enhancing compatibility and ease of use.

Who it’s for: Best suited for organizations of all sizes, from SMBs to large enterprises, across various industries looking for robust asset management solutions.

Benefits: Asset Panda excels in centralizing asset management, making it easy to track and manage a variety of assets from a single, user-friendly platform.

• Users can access complete action histories, warranty information, user manuals, and photos of assets in a single, centralized location.
• Track any type of IT asset easily, responding to service tickets and performing audits with customizable reports.
• The mobile app available for iOS and Android includes a barcode scanner to simplify asset lookups, making inventory management more efficient.
• Lifecycle management capabilities help keep track of an IT asset’s assignment history, repair history, and warranty information with scheduled maintenance notifications.

The bottom line: Asset Panda offers a robust, centralized solution for managing both physical and digital assets, with strong support for integrations and lifecycle management, making it a versatile choice for various organizations.

• Founded in 2012, Asset Panda serves organizations across 140+ industries and 60+ countries, managing millions of assets globally.

Device42 is an asset management, discovery, and dependency mapping tool for data center and cloud environments. It integrates seamlessly with ITSM tools (including Jira, Zendesk, and ServiceNow) supporting both on-premises and cloud environments with the flexibility of agent-based or agentless deployment.

Who it’s for: Well suited to IT environments of all sizes, including enterprises and highly scalable ecosystems.

Benefits: Device42 excels in providing comprehensive asset management with robust discovery and mapping capabilities.

• It offers a hardware inventory system for physical and virtual devices allowing you to keep track of current usage, license counts, and data for applications on Windows and Linux devices.
• It enables printing of customized QR codes for tagging assets, which can be scanned using any mobile device through a web portal.
• Lifecycle management ensures automatic tracking of warranty, purchase, and contract information.
• Impact Charts visualize the relationships between assets, and exportable audit reports can be generated on-demand or scheduled.

The bottom line: Device42 provides a comprehensive and flexible solution for IT asset management, making it a valuable tool for enterprises to manage both physical and virtual environments effectively.

• Founded in 2010, Device42 is headquartered in West Haven, Connecticut, operating across 70+ countries.

Flexera One is a cloud-based SaaS platform designed to manage IT assets and optimize financial operations. Their accurate data discovery and normalization ensure a complete inventory of software, SaaS, and hardware assets.

Who it’s for: This solution is ideal for enterprises seeking comprehensive IT asset management and financial optimization.

Benefits: Flexera One excels in automating IT asset lifecycle management, ensuing that security and expenditure can be properly controlled. It effectively addresses unauthorized or shadow IT and unbudgeted IT expenses, supporting comprehensive third-party integrations.

• Software asset management reports on usage data, identifies waste, and supports auditing.
• License optimization calculates precise license positions for enterprise software, while hardware asset management tracks assets through their lifecycle, notifying admins of significant events like terminated leases or expired warranties.
• Lifecycle management flags software and hardware for updates or replacements to prevent security issues.
• SaaS management visualizes service usage, aiding in renewal negotiations, audit preparation, cost reduction, and uncovering shadow IT.

The bottom line: Flexera One offers robust IT and financial management solutions, making it a key tool for enterprises aiming to optimize their IT assets and control costs. Its comprehensive features and integrations make it applicable to a wide range of use-cases.

• Flexera was founded in 2008 and is headquartered in Itasca, Illinois, and serves over 50,000 customers.

Freshservice is an AI-powered IT Service Management tool that also includes comprehensive IT asset management capabilities.

Who it’s for: Ideal for organizations of all sizes seeking to streamline IT service and asset management processes, particularly those in need of robust integration for both cloud and on-premise enterprise applications.

Benefits: Freshservice providing a holistic view of IT assets, from on-premise hardware to cloud resources and SaaS applications.

• Full visibility of all assets helps optimize services, prevent disruptions, and ensure SLAs are met.
• The mobile app allows users to scan barcodes and QR codes, making it easy to track and manage assets.
• Detailed logs and audit trails offer complete visibility into incidents, problems, and changes, ensuring accountability and compliance.
• The system tracks assets throughout their entire lifecycle, automates onboarding and cloud resource provisioning, and includes vendor and inventory management features.

The bottom line: Freshservice effectively combines IT service management and asset management into a single, streamlined platform. Its lifecycle asset tracking and automated onboarding features, make it an excellent choice for organizations looking to optimize IT operations.

• Freshservice is used by over 67,000 organizations worldwide and offers asset management capabilities starting from its “Growth” package and higher.

Lansweeper is a SaaS platform that provides automated discovery and tracking for IT, OT, and IoT assets. This solution supports third-party integrations with SIEM tools, service desks, and other platforms for enhanced functionality, and provides automated warranty collection checks.

Who it’s for: Ideal for businesses of all sizes, MSPs, and enterprises needing comprehensive asset management.

Benefits: Lansweeper provides visibility and control over IT assets with automated discovery and tracking capabilities.

• It discovers previously unknown hardware and software to eliminate blind spots and mitigate shadow IT risks.
• Comprehensive passive and active IT asset discovery provides visibility over every device, user, and software tool across the entire tech stack.
• Allows remote actions on devices such as pinging machines, running scripts, and installing or uninstalling software.
• Provides a large selection of built-in reports and dashboards, along with a report builder for customized analytics.

The bottom line: Lansweeper offers robust asset management capabilities suitable for organizations of all sizes. Its comprehensive discovery and tracking features help eliminate blind spots and streamline IT operations. We recommend Lansweeper for its ease of integration and extensive reporting features.

• Founded in 2004, Lansweeper is headquartered in Belgium and serves a wide range of clients.

ManageEngine AssetExplorer is a web-based IT asset management tool for monitoring and tracking hardware and software assets throughout their lifecycle. Discover all Windows, Linux, macOS, and other assets using a unified agent. You can also easily track software licenses, purchase orders, and contracts.

Who it’s for: Ideal for organizations of all sizes, including SMBs and enterprises.

Benefits: ManageEngine AssetExplorer excels at providing comprehensive IT asset management. It simplifies tracking and managing assets from acquisition to disposal.

• Keep up-to-date information on all assets through periodic scans of software, hardware, and ownership data.
• List compliant, under-licensed, and over-licensed software, while alerting administrators to any unauthorized installations.
• Drill down into any asset to access important historical and relational information.
• Use purchase order and contract management to create and track POs and contracts, ensuring deadlines are met.

The bottom line: ManageEngine AssetExplorer offers a robust solution for IT asset management, making it a strong choice for organizations looking to streamline asset tracking and compliance management. Its comprehensive features help IT teams effectively manage and monitor their assets.

• ManageEngine, a division of Zoho Corporation, provides IT management software and offers solutions for over 90,000 customers worldwide.

PDQ offers a suite of device management tools, including comprehensive IT asset management solutions for environments of all sizes.

Who it’s for: This solution is suitable for environments of all sizes, from SMBs to large enterprises.

Benefits: PDQ excels in providing both agent-based and agentless IT asset management solutions. It allows you to implement, maintain, monitor, and track IT assets throughout their lifecycle.

• It scans machines to gather data on your fleet of assets, maintaining a detailed real-time inventory of your environment’s hardware and software.
• Creates or schedules pre-built or custom reports detailing information like devices, software, and deployments, helping you prove compliance.
• Supports Active Directory syncing, which automatically adds new computers to your asset inventory.
• The PowerShell Scanner enables admins to quickly gather information on their assets using PowerShell scripts.
• Can remotely uninstall unwanted software from company machines, ensuring that only authorized applications are being used.

The bottom line: PDQ offers a comprehensive suite of tools that simplify IT asset management. Its robust real-time inventory, customizable reporting, and remote software management features make it a valuable addition to any IT environment.

• PDQ was founded in 2001 and provides a range of device management tools for businesses of all sizes.