Infrastructure
Environment
Compliance
Workflow

Analyst Quotes
Gartner
IDC

	The ability to manage all of our IT assets from one data repository has enabled us to significantly optimize our use of hardware and software licenses. In addition, we have much better visibility into how our internal business customers are using these assets and the benefits they are receiving. TIMS is really helping the company effectively leverage the IT assets it has, and it is also helping improve employee satisfaction with IT service delivery.
	- Verizon

Techquest's IT Asset Management Solution provides a unified visual view of all IT infrastructure globally. Organizations use our solution to locate, track, manage and maintain IT Assets using best practices and standards for optimizing infrastructure and network resources utilization, auditing, compliance and service management. Manage the entire asset lifecycle, including software license management, supplier management, financial management from planning and requisitioning to retirement and disposal.

Our customers benefited with our integrated configuration/asset repository, which provides a comprehensive assessment of IT asset base. This reduces the cost of ownership and improves resource utilization.

Techquest's solutions are RFID enabled if customers choose to implement RFID today or in the near future; this ensures scalability and lower TCO of the solution. RFID benefits are significant, providing security, real-time audits, and state of IT infrastructure at any time.

Gartner

• 70% of organizations have a 30% discrepancy between a planned inventory and their actual inventory.

• Up to 30% of an IT budget could be saved by effective asset management.

• In 70 percent of Global 2,000 enterprises, asset management programs will be among the top five corporate initiatives.

• Gartner estimates that less than 25 percent of all enterprises worldwide have a life cycle asset management program that can determine potential risk.

• Gartner Measurement' research shows that 90 percent of audited sites exhibit marginal practices for hardware asset management. This increases the risk of poor system manageability, complex change management and below average service levels. These risks can increase the total cost of ownership by 7 percent to 10 percent annually, which can be $560 to $800 per user.

• During an economic downturn, enterprise management technology and processes, especially asset management and performance management, can help organizations reduce costs and get the most out of their infrastructure.

• Enterprises that initiate IT life cycle asset management will experience a reduction in costs of up to 30 percent per asset during the first year (0.8 probability). Those that continue to practice IT life cycle asset management will yield an additional reduction in annual costs of 5 percent to 10 percent per asset through 2006 (0.7 probability).

• Enterprises that reconcile assets can reap financial benefit from identifying redundant functionality or rarely used products. In one instance, an enterprise saved $100,000 by dropping a product for which it was paying maintenance fees but no longer using. Results should be reconciled with purchase records and contracts. To ensure a high level of accuracy, all changes and manual processes must be entered into the asset database.

• Enterprises that fail to incorporate advanced change-management processes will be unable to capitalize on added TCO savings of 6% to 10%, even with basic asset management processes in place.

• 5% of an IT budget could be saved if management had the appropriate tools to foresee and actively manage the termination of leases.

• Enterprises that fail to integrate usage and inventory data to manage their software assets will overbuy licenses for 60% of their portfolio and be non-compliant on 30% of their software.

IDC

• Organizations that practice asset management had 15% or lower TCO (Total Cost of Ownership). The greatest savings from AM practices were realized in the areas of: procurement (160%), disposal (60%), operations (44%), user support (43%), and database management (43%).

• Procurement involves activities such as making the lease/purchase decision, ensuring requested equipment complies with company standards, obtaining authorizations, generating requisitions, and receiving the equipment. [Asset Management] Practicing sites had a cost advantage of 160%.

• On average, organizations that practiced asset management had 7% lower installation costs per PC.

• Companies with asset management practices experienced 10% fewer hours of downtime and spent 22% fewer person hours.

• By retiring unused assets, companies can reduce the tax bills for assets by as much as 20-30%.