Application & IT Asset Management
Application & IT Asset Management Software to Protect Your Reputation
LogicManager’s Application & IT Asset Management software empowers organizations to strengthen their overall IT Governance and Cybersecurity programs through a risk-based approach. Our Application & IT Asset Management offering allows you to maintain a centralized repository of your applications and assets to keep things organized, well-documented, and accessible. This ensures that your IT risk department has easy insight into what applications and assets are in place throughout the organization, as well as key details about them like who has what level of access to them, what data (personal or sensitive) the application has access to and how critical they are to your organization as a whole. Application and IT Asset management also involves ensuring that these platforms are well-designed, cost-effective, secure, necessary and resilient. The objective is to determine – on an ongoing basis – that the application or IT Asset is a good match for your organization.
- Maintain a centralized repository of Applications and IT Assets that are in use across the organization to track items relevant items like data storage, contract terms, license availability, and past year's assessments
- Conduct risk assessments to identify which applications and assets face risks within your organization. Our risk-based approach will allow you to mitigate those risks in order of criticality to ongoing operations
- Leverage out-of-the-box content to better understand privacy and security concerns as they relate to individual applications and assets
- Utilize turnkey workflow processes built into our software to initiate use of a new software or asset. Additionally, automate these workflow reminders to reoccur on an ongoing basis for regular review
- Measure program effectiveness with our dashboards and reporting. Our reporting features Asset and Application Inventories, Task Reports, Asset Criticality Rating, and more.
“It’s a great tool that allows reporting, and not just staring at the smallest level, but all the way up to executive management level. Some of the tools and reports and plans that come out of there that goes straight to the executive committee or the steering committees, it really allows us to basically do our job easier at the same time as communicating to others as well.”
Joe H. | Senior IT Governance and Risk Analyst, DentaQuest
The LogicManager DifferenceA Holistic Approach to Application & IT Asset Management
Business Decision InsightsFocus on What’s Important
Through our ERM software, we enable our customers to allocate more time to strategic risk management, reducing their involvement in tedious administrative activities like data cleansing and manipulation. Our solution enhances operational efficiency while uncovering the “unknown knowns” that risk managers may overlook, thus ensuring proactive identification and mitigation of risks.
Customer ExperienceStreamline Your Risk Management Program
Unlike other software that requires IT professional customization, our solution allows customers to control engagement through an end-user configuration. This approach enables faster time-to-value and allows organizations to evolve their programs over time, not to mention a quicker return on investment.
Risk-Based ApproachPrepare for Tomorrow’s Surprises Today
A risk-based approach is the key to effective governance, risk, and compliance. By adopting this methodology, organizations can prioritize their efforts across different departments, recognize potential hurdles and crucial interdependencies, and allocate resources appropriately. Embracing a risk-based mindset allows organizations to strategically allocate their resources to areas that hold the most value in terms of privacy protection and compliance.
Free Download: A Guide to Improving Your Cybersecurity Risk Management Program
Download our eBook now to learn why cybersecurity is a top concern for risk managers, common misconceptions about cyber risk, and a step-by-step roadmap to enhance your cybersecurity program. Empower your team and protect your company’s reputation in today’s see-through economy.
CapabilitiesAn All-In-One Application & IT Asset Management Platform
Frequently Asked QuestionsFoundations of Application & IT Asset Management
IT Asset Management (ITAM) refers to the process of effectively managing an organization’s information technology (IT) assets throughout their entire lifecycle. These assets include hardware devices (such as computers, servers, and networking equipment), software applications, data, and other components that are essential for the functioning of an organization’s IT infrastructure.
Managing IT assets is a critical aspect of any robust IT Governance program. It involves ensuring that the organization has a clear understanding of all its IT assets, their usage, location, maintenance, and disposal processes. The main goal of IT Asset Management is to streamline and optimize the use of IT resources, enhance productivity, reduce operational risks, and achieve cost efficiency.
At LogicManager, we offer a comprehensive IT Asset Management solution package that simplifies and centralizes the entire process. Our solution allows organizations to maintain a centralized repository of their IT assets, ensuring that all information is well-documented and easily accessible. This ensures that your IT risk department has easy insight into what assets are in place throughout the organization, as well as key details about them like who has what level of access to them, what data (personal or sensitive) the application has access to and how critical they are to your organization as a whole.
The benefits of LogicManager’s IT Asset Management solution include:
- Organized and Efficient Process: By centralizing asset information, the management of IT assets becomes more organized and efficient. This leads to better decision-making regarding asset usage and allocation.
- Risk Management: With comprehensive asset details, the IT risk department gains visibility into the organization’s IT landscape. This includes understanding who has access to various assets, the level of access they have, and the data (personal or sensitive) that applications can access. This insight helps in identifying potential risks and vulnerabilities, allowing proactive measures to mitigate them.
- Compliance and Governance: Maintaining an accurate and up-to-date record of IT assets is crucial for compliance with industry regulations and internal governance policies. This ensures that the organization meets its legal and security obligations.
- Cost Optimization: IT Asset Management enables organizations to optimize IT spending by identifying underutilized assets, avoiding unnecessary purchases, and planning for asset upgrades or replacements more effectively.
- Lifecycle Management: The solution facilitates proper tracking of IT asset lifecycles, from procurement to disposal. This helps in planning for asset refresh cycles and reducing the risk of using outdated or unsupported technologies.
IT Asset Management is a vital aspect of any mature IT Governance program. LogicManager’s IT Asset Management solution empowers organizations to maintain a well-organized, documented, and accessible repository of IT assets. This, in turn, enhances risk management, governance, and cost-effectiveness, ensuring that IT resources are optimally utilized and aligned with the organization’s overall objectives.
Businesses everywhere, every day, rely on technology to perform a variety of business functions. Business applications, sometimes referred to as software, are used to help with things like:
- Increasing productivity
- Tracking project progress
- Streamlining customer relationships
- Calculating financial figures
- Aggregating and presenting data
- And more
Application management involves ensuring that these platforms are well-designed, cost-effective, secure, necessary and resilient. The objective is to determine – on an ongoing basis – that the application is a good match for your organization. A comprehensive application management program considers aspects like data security, application age, reputational risk and more. These insights will have a direct impact on your business’s bottom line.
Any incidents that occur on assets that you depend on will inevitably have downstream effects on you. Whether it’s a breach at a datacenter, downtime on a server or a sudden inability to connect two platforms, those complaints may be headed to you. Your reputation, fairly or unfairly, is tied to the applications that you incorporate into your operations. With the ability to know which assets are truly integral to your business, you’ll be able to prioritize getting them back in working order as soon as possible over assets that may be able to wait a day or two.
You can outsource processes, but you can’t outsource risk. If your applications store PII or other sensitive information, it’s crucial to hold those applications to the same standard as your own internal data security practices. Otherwise, a breach traced back to their system impacts your company just as much as theirs; compromised customer information can lead to hefty legal fines, liability accusations and irreversible reputational damage. Your reputation, fairly or unfairly, is tied to the applications that you incorporate into your operations.
Maintaining a centralized repository with LogicManager keeps all of your processes and documents in one place. This makes it easier to engage with other employees at your organization and find important information quickly.
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Speak with one of our risk specialists today and discover how you can empower your organization to uphold their reputation, anticipate what’s ahead, and improve business performance through strong governance.
