Invest wisely on this Diwali with ITM

Diwali is the festival of joy, traditions and marks the new beginning. There is a legendary belief that the money spent on Diwali would shower more prosperity in the coming New Year. Therefore, everyone including many organizations were eagerly waiting for this festive season to make some new investments. In the meantime, there is a significant economic downturn that lasts longer than two consecutive quarters today. So, this is the time to take some new steps to minimize losses during a recession despite of the financial goals.  Keeping this in mind, IT Asset Management suggesting some ideas to invest wisely on this festive season. So consider executing best strategies like asset lifecycle management, procurement management, automated ticketing system and asset tracking in your business to prevent loss.

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Develop the asset lifecycle management strategy

Executing an Asset lifecycle management Strategy will help to manage your assets in a better way for the maximum profitability of its lifecycle. Additionally, it reduces all possible manual efforts and ensures accurate asset information. As a result, it helps increase productivity by helping you make informed decisions on IT needs and services. You can make better purchasing decisions when you define a lifecycle. Because understanding the status of the assets in your organization through all status from anywhere is possible with it.

Define realistic procurement management process

Your procurement can yield remarkable results and dramatically impact the bottom line, if it is not effective. Transform the way of your procurement by defining an automated flow to provide fast and effective procurement services across your organization. Meanwhile, it ensures that all purchase requests are tracked in a single system with the complete tracing of purchasing request and approval history. On the other hand realistic procurement management has

• Predefined workflow
• Better budget management
• Customization in approval process
• Purchase Order creation
• Purchase history tracking

Adopt an automated ticketing system

Adopting an automated ticketing system provide support across different platforms include email, web form etc. First, it will convert the queries of a different channel into a ticket. Then it track & resolve the customer’s issue in a faster way by using its workflow automation. Secondly, your technicians can also view and reply to all customer requests of any channel in a single screen. Integrate into your business’s service desk or call center even if you have hundreds of tickets every day to simplify the process. With the mobile app, managing tickets and viewing reports on the go is also possible. After that, the best part is reporting which make easy to analyse the performance of the IT team every day. Some of its key features are

• Email based ticketing
• Ticket merge
• Department wise ticketing
• CC mail concept
• Smart notification

Introduce Asset tracking

Asset tracking software helps in tracking the movements of your assets from its purchase to disposal. Introducing asset tracking into your business allows tracking the location, current status, and maintenance schedule of the assets. Most importantly, asset tracking is essential for your organization profitability and growth and also for regularity compliance. Keeping a track of the assets helps to know when you need to repair or replace it. Moreover, asset tracking helps you make informed decisions about your physical inventory to minimize the loss and increase efficiency.  Some of its benefits are,

• Ensure accurate asset status
• Helps in audit process
• Ensure regularity compliance
• Avoid misplacing of assets
• Boosts productivity

Get the help of our professionals

Let each Diwali be an occasion to review your journey by the professionals. Because professional advice will add value to your business. For instance, you can catch the bottlenecks, identify the places where you need improvement and finds what is required to improve efficiency. So why are you waiting for? Contact our professionals to get the advice for your IT need includes

• Software license management
• Depreciation management
• Physical asset verification
• Compliance management
• Asset tracking
• Internal audits
• Asset lifecycle management
• Procurement management
• Ticketing system

Before you welcome Diwali 2019, launch these ideas to welcome a successful financial year & take your business into the next level.

Also read,

Top 10 benefits of asset management software in your business

How procurement management can help in saving money? & Procurement Management Tutorial