We’ve covered the theory behind IT asset management in our detailed report on ITAM strategies. Once you’ve read through that article, you will realize that there is a lot more to tracking IT assets than you realized. You can get more value out of your equipment investments if you properly plan the deployment of equipment.

Many different task automation tools can help you reduce the total cost of ownership (TCO) of your assets, and that not just in accounting software packages.

Here is our list of the six best ITAM tools:

  1. SolarWinds Web Help Desk (FREE TRIAL) Not just a Help Desk support system also helps in tracking IT assets and their utilization. Runs on Windows Server.
  2. Paessler PRTG (FREE TRIAL) A network, server, and application monitor that includes asset discovery and live asset inventory management. Runs on Windows Server.
  3. SolarWinds Service Desk (FREE TRIAL) Designed as an IT service management tool (ITSM), this system also supports asset management. Runs on Windows Server.
  4. ManageEngine Asset Explorer A full life-cycle ITAM tool. Installs on Windows Server and Linux.
  5. Alloy Navigator IT asset management and service management available in a unified bundle. This is a cloud-based platform.

This list includes different categories of tools that will combine to help you locate your assets, protect them, ensure you get the best performance out of them, and help your staff to deploy those IT assets to maximum effect.

The best IT Asset Management (ITAM) tools

1. SolarWinds Web Help Desk (FREE TRIAL)

The SolarWinds Web Help Desk has a misleading name because it is supplied as on-premises software, not a cloud service. It is more than just a Help Desk platform and it will support your IT asset management efforts.

One of the tools in this system is an automatic device discoverer. This will compile an inventory of all of your business’s IT assets, as long as they are connected to the network. It also logs the versions of those devices, notes their operating systems and firmware versions and checks for updates and patches to them. The management of that inventory continues automatically, so any additions or removals are automatically accounted for. If a piece of equipment shows a fault or unexpectedly goes offline, you will be notified.

The software was designed along ITIL standards, so it functions very well as an IT service management tool. As asset management is part of the ITIL requirements, all of your IT asset management needs will be served by the SolarWinds Web Help Desk.

Despite all of these ITSM and ITAM functions, the main purpose of this tool is to support a Help Desk team. Utilities in the package include ticket tracking and team utilization management. Reporting features include summaries of assets and their statuses. The tool is particularly useful if you need to monitor the delivery of service level agreements either as an in-house cost center or as a managed service provider.

The Web Help Desk software runs on Windows, Windows Server, Linux, and Mac OS. SolarWinds grants access to potential customers with a 14-day free trial. You can also try the  Web Help Desk Free Edition, which has limited capabilities. If you get the free trial of the full system, you will automatically be switched over to the free version after 14 days if you decide not to buy.

SolarWinds Web Help DeskDownload 14-day FREE Trial

2. Paessler PRTG (FREE TRIAL)

Unless you are a startup and haven’t bought any IT equipment yet, you probably already have a lot of IT equipment in your business but you don’t know where they are or what they are doing.

The first task you face when you decide to formalize IT asset management is to track down those resources. Paessler PRTG will do that for you. This is a combined network, server, and applications monitor that will keep track of all of your IT infrastructure. The package is a collection of monitors and you customize the system out of the box by deciding which of those monitors, which are called “sensors,” to turn on.

One service you are going to need from PRTG is its autodiscovery feature. This will sniff around your network and log every connected device. It can’t walk into your store closets, though, so you will have to log equipment that is on the shelf separately.

Once the autodiscovery phase finishes, PRTG will compile an asset inventory. This is not a one-time service. Leave the monitor active and it will continually update the inventory as you add or remove equipment.

Another great feature of PRTG is its network topology mapper. This will show you exactly where each piece of equipment is currently operating within the network. The system offers a range of views of your network layout and its assets and all are compiled and updated automatically.

The monitor will enable you to squeeze extra value out of your assets by implementing traffic shaping measures and asset sharing strategies, such as virtualizations. Each of these activities gets displayed in the PRTG monitor as a layout, which makes tracking asset utilization a breeze.

The monitor will watch over equipment statuses and network traffic flow. It includes a system of alters so that you don’t have to sit and watch the monitor constantly. It will notify you when problems arise and you can get those alerts sent to you by email or SMS as well as getting them posted on the dashboard screen.

Small businesses can use PRTG for free if they only activate up to 100 sensors. You can get a 30-day free trial of the full PRTG system with unlimited sensors.

Paessler PRTGDownload 30-day FREE Trial

3. SolarWinds Service Desk (FREE TRIAL)

SolarWinds Service Desk

IT asset management is closely tied to IT service management. This is because the company’s IT infrastructure provision is inextricably linked to the maintenance of a sufficient level of digital services within the organization. The SolarWinds Service Desk, therefore, is also an IT asset management system.

The tool includes asset discovery and automatic inventory logging. That is a continual process and it is closely tied to device health and availability. So, as you keep track of your IT assets, you are simultaneously monitoring the performance of your equipment and the quality of service that your IT department offers to the business as a whole.

The SolarWinds Service Desk helps you follow the entire lifecycle of each device in the company’s ownership. That extends to the software licenses that you buy. You need to make sure that you haven’t over-installed software in your company and you should also be aware that end users might try to install unlicensed software themselves. This task is called “risk detection” and it is included in the SolarWinds Service Desk.

SolarWinds Service Desk is an award-winning Service Desk tool that is particularly suitable for mid-sized businesses. It is a Cloud-based service resident on Amazon web Services, so you don’t need to install any software. You can access the service on a 30-day free trial.

SolarWinds Service DeskStart 30-day FREE Trial

4. ManageEngine AssetExplorer

ManageEngine AssetExplorer

Unlike many of the tools in this list, ManageEngine AssetExplorer is a pure ITAM system and isn’t bundled into a Help Desk platform. So, if you are happy with your current Help Desk software, this tool would be of more interest to you.

This is a browser-based system, but it isn’t offered on the Cloud – you need to install it on your own web server.

AssetExplorer is able to track non-IT assets as well. It includes Purchase Order, contract, and license management for complete asset lifecycle tracking from planning all the way through to retirement. This system covers your software purchases as well as your physical assets.

If your business is already established and the owner of assets when you install AssetExplorer, the software will seek out all of your connected devices and compile an inventory. This is a continual process, so any changes to the business’s infrastructure automatically get logged in the inventory.

AssetExplorer is available for free, but that edition only allows one technician account and tracks up to 25 devices. You can sign up for a 30-day free trial of the full system. If you decide not to buy at the end of the trial, you will be switched over to the Free Edition.

5. Alloy Navigator

Alloy Navigator dashboard

Alloy Navigator is an ITSM suite and therefore supports IT asset management. In total, the platform includes utilities for asset management, change management, incident management, problem management, knowledge management, organization management, and contact management.

The asset management features of this platform start off with an asset discovery service. This will identify all of your connected and functioning devices and generate an IT asset inventory. The inventory is a live monitor, so it will detect any changes in the list of devices operating on the network. This continual service also provides problem management support because the device discoverer will spot any status problems with your devices and notify the IT support team immediately.

The asset inventory is a great source of information on the appropriateness of a business’s IT infrastructure and becomes the starting point of any change management project to expand services.

The package also includes a Help Desk system, which is the main Incident Management tool in the platform

This system management suite can be installed in-house or used as a Cloud service. The software installs on Windows Server and is available in two plan levels. The top package is called Alloy Navigator Enterprise and this gives you the full ITSM suite of tools. The cheaper package available, called Alloy Navigator Express.

Tooling up for IT asset management

You will notice that many of the tools aimed at IT asset management are bundled into platforms that center on Help Desk software. This is a notable feature of the software industry and it is driven by the observation that managing IT infrastructure is inexplicably linked to supporting users to successfully deliver the business’s aims.

Related: IT Asset Management Software Guide