InvGate IT Financials and LifeCycle

InvGate IT Financials and LifeCycle holds detailed information on IT asset contracts, financials, and lifecycles to support cost- and contract-related IT asset management best practice activities and the benefits they bring. InvGate Assets allows you to make more informed decisions on asset utilization, to better budget for IT investment, and to effectively manage the renewal of your infrastructure.

InvGate Assets IT Financials and LifeCycle Capabilities

Technology and IT services are increasingly important to businesses. In fact, many businesses would now struggle to operate without technology, and many will continue to add to the technology they currently employ to support business operations.

Extra Technology Comes at a Price
While technology unit costs continue to decrease over time, this is often outweighed by the increased technology usage. Thus IT managers are faced with the need for increased technology spending, but not necessarily with an increased IT budget to match it. Consequently, these managers need to continuously evaluate their IT-related finance and spending.
Better Control Over Asset Costs
InvGate IT Financials and LifeCycle provides capabilities that allow you to easily manage all the financial information related to your IT infrastructure and the assets within it. With InvGate Assets you will gain total control over budget distribution and investment in each of your corporate cost centers down to a granular, asset-based level.
Cost Management
Detailed and accurate IT asset information is vital for successful cost management, and to this end InvGate Assets offers the following capabilities: report generation by cost center; the management of warranties and alerts for warranty expiration; and annual depreciation estimation for all IT assets across hardware and software.
Critical Reporting
InvGate knows the power and criticality of reporting and analytics. And that providing IT asset management best-practice-aligned capabilities without fit-for-purpose reporting does customers a disservice. In supporting IT managers and the roles they need to perform on a daily, weekly, monthly, or annual basis, InvGate IT Financials and LifeCycle provide capabilities including the ability provide insight into the hardware and software in stock; manage the allocation of stocked hardware and software; and have a record, or audit trail, of retired assets and those which were donated versus destroyed.
Insight and Analytics
InvGate IT Financials and Lifecycle capabilities provide insight into the hardware and software in stock; manage the allocation of stocked hardware and software; have a record, or audit trail, of retired assets and those which were donated versus destroyed; and manage repairs and to get insight into the time and cost invested in assets (which provides a more complete view of asset TCO).
Other Capabilities
InvGate IT Financials and LifeCycle also provides detailed analysis of investments made in different time frames, allowing you to pinpoint deviations or changes in spending versus forecasts; control of TCO for each asset and the respective investment associated to individual cost centers; service-based costing that aggregates the total resources employed and identifies the unit costs of providing IT services such as corporate email; and the foundation for IT cost showback or chargeback in line with ITIL best practice.

The Benefits of InvGate IT Financials and LifeCycle

Ultimately accurate information is the key to better IT asset management, improved financial stewardship, and reliable demand and cost forecasting. The InvGate IT Financials and Lifecycle module is designed to help you get the most from your information.

Better manage costs
Gain greater insight into asset and IT service costs enables you to better understand TCOs.
Improve budgeting
Get accurate information on asset-related budgeting and forecasting helps you to make better decisions, and, ultimately, increased cost savings.
Better utilize warranties
Don’t necessarily pay for either internal or external IT asset support and repairs when assets are under warranty.
Manage asset lifecycles and depreciation
Manage asset lifecycles better to ensure that your business gets maximum value from its investments in IT assets.