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Asset inventory software is a type of software that enables tracking the movement of IT devices, equipment, and software within an IT environment. It provides an inventory of all technology that makes up an IT environment or infrastructure and can track the location of each asset.

Asset inventory software is the way an organization lists and provides details of the assets it owns. This can cover a range of different types of assets, from tangible fixed assets such as property and equipment, intangible assets such as intellectual property It is a set of business processes designed to help IT departments track, control, and maintain the business’s IT assets, including hardware and software.

Inventory software implements a robust way of managing your asset inventory is a critical part of your company’s accounting processes. It also helps to ensure that the business has a clear understanding of the assets it owns and that said assets are being utilized in the most efficient and cost-effective way.

Assets inventory software is important for any kind of business as it allows businesses to gain profit, improve the business’ value and keep the business up and running. If a business is able to create an accurate description of its asset records, business owners can easily determine the financial status of the business.

Asset inventory management is the way the organization monitors the assets it owns to track and analyze issues such as physical location, maintenance requirements, depreciation, performance, and eventual disposal of the asset.

Inventory asset management generally relates to items that are owned or intended to be owned, by the business for a minimum of twelve months.