10 best IT asset management software for 2022


Every thriving business optimally manages its IT assets. Managing IT assets keeps costs down by managing spend. It’s also a way to guarantee the most value from your software and hardware investments. Ultimately, If you overlook asset management software, your bottom line suffers.

Written by

Vivian T.

Published on

July 19, 2022

August 4, 2022

Read Time

Every thriving business optimally manages its IT assets. Managing IT assets keeps costs down by managing spend. It’s also a way to guarantee the most value from your software and hardware investments. Ultimately, If you overlook asset management software, your bottom line suffers.

This guide walks you through a definition of IT asset management software, what to look for when choosing the ideal tool, and a list of the top 10 options on the market so you can finally ditch your spreadsheets. 

Let’s go! 

What is IT asset management software?

Think of IT asset management software, or ITAM, as the software that manages the rest of your software and hardware. Everything from digital applications to laptops, routers, and mobile devices counts. As technology grows more complex and your business scales, streamlining asset management is important for IT infrastructure.

Asset management solutions are designed to oversee the lifecycle of any software solutions you onboard, from their implementation all the way through to the end of the contract. 

IT asset management software offers IT support in a variety of ways, including: 

  • Visibility into the software your organization is using
  • An end-to-end look into the IT asset lifecycle
  • The effective management of software licenses as they expire and are renewed
  • Prevention of costly software feature overlap
  • Asset inventory tracking and asset discovery
  • Help IT teams establish a proper software procurement process
  • Data-driven decision-making as assets are onboarded, offboarded, or their contracts are renewed

One of the biggest benefits of IT asset management software is cost savings. Once onboarded, the right asset management solution ensures an organization isn’t overspending on features it isn’t using. 

What to look for in IT asset management software

Each asset management solution has strengths and weaknesses. Once you pinpoint which non-negotiable features you need for your business’s structure, you can get a clearer picture of your best purchasing options

Taking the time to audit the best asset management tools in the space can pay off in long-term cost savings. SaaS annual contract values have increased over five times in the last six years. This means organizations are increasingly dedicating their budgets to SaaS spend and the management of new assets. 

Generally, there are a few key features asset management software should have, no matter how basic or complex the solution. Here are some of the most important features worth considering. 

Auditing: Without auditing tools, you’re left in the dark without the data necessary to assess your asset management efforts. Assessing your asset management controls is critical to keeping your tech ecosystem in check. When you’re looking for an asset management solution, consider how in-depth its auditing capabilities are according to the needs of your organization. 

Automation and notifications: What’s a software tool without automation? Robust automation features are a key part of any IT asset management solution. Especially at scale, it gets increasingly difficult to manually keep track of license renewal dates, physical asset updates, or contracts. Automation is often the solution to many of these processes.  

Reporting and analytics: Whether your IT team prefers to work with pre-designed features or wants the flexibility to create customizable reports, checking out any solution’s reporting capabilities is a must. This way, your IT team is equipped with the tools necessary to communicate asset information with stakeholders, determine budgets, and prioritize contract renewals.

1. Vendr

One of the biggest benefits of onboarding asset management software is that it centralizes how you manage, control, and track software changes at scale. It’s what Vendr was designed to do. 

With the help of automation, IT teams keep organized and accurate records of their SaaS usage, deals, and licenses in one easy-to-use dashboard. 

Not only that, with the use of plenty of data points, Vendr ensures you’re always getting a fair market price for new SaaS tools. That way, you no longer have to allocate extensive time and resources to managing supplier deals. As an IT asset management solution, Vendr is especially helpful for organizations interested in long-term cost savings. 

Top features

  • An automated SaaS management system of record
  • Licensing and provisioning management features
  • Approval workflows to ensure security and compliance

Best for

Organizations that spend between $400,000 - $5,000,000 or more and want to automate their processes. 


  • Starter - $36,000 per year
  • Growth - $78,000 per year
  • Enterprise - $120,000 per year

2. Asset Panda

Asset Panda is designed to help you keep in-depth records of all your tech. It offers configurable custom fields to track assets with specific features and lets you log asset history, including asset repairs, manuals, and even receipts. 

Top features

  • Enables you to conduct full equipment audits
  • iOS and Android app capabilities
  • Built-in barcode scanner
  • Maintenance tracker
  • Ability to create custom user roles with specific permissions

Best for

Asset Panda works great for budget-conscious companies. 


Visit their pricing page to get a quote. Asset Panda determines price points depending on the number of assets you want to track. 

3. NinjaOne

Asset visibility and real-time insights into the state of your tech stack are important parts of keeping track of all your software solutions. NinjaOne harnesses automation, alerts, and monitoring features, so you always know who is accessing your assets and through what endpoints. 

Top features

  • Automatically create tickets when hardware changes happen
  • Detects health and performance issues
  • Easily installs or uninstalls applications at scale
  • Features built-in remote and hybrid asset management tools
  • Free onboarding and training

Best for

Ninja one works great for SMBs looking for ease of use and robust customer support. 


NinjaOne offers flexible, per-device pricing. Contact its sales team to get a quote according to your specific needs. 

4. Torii

With the power of AI, Torii arms IT teams with increased visibility into their SaaS spend. Teams can create no-code workflows for every asset management need in their department to ensure full visibility into their tech stack. Torii is built to help IT teams handle shadow IT, so there aren’t any applications left in the dark. 

Top features

  • Helps you map and track your software spend with integrations
  • Comes with a drag-and-drop workflow builder
  • Automated triggers automate internal processes

Best for

Torii works great for smaller IT operators with a growing SaaS stack in need of visibility. 


Contact the sales team to get a personalized quote and free demo. 

5. Flexera

If you’re an enterprise-level organization that needs asset management tools for greater visibility and more complex management capabilities, then Flexera is worth considering. Flexera’s approach to IT asset management is all about cost savings and creating an ecosystem of lean applications through features like cloud cost optimization. Great for on-premise, cloud, or hybrid SaaS setups. 

Top features

  • Includes tools to help negotiate better vendor agreements
  • Built-in automated reclamation process that helps you remove software you aren’t using
  • Gives you actual visibility into specific asset usage
  • Monitors for security threats and compliance issues

Best for

Enterprise-grade IT teams that need asset management solutions at scale. 


Contact the Flexera team to learn more. 

6. USU

Budgeting and cost optimization are at the core of what USU offers as an asset management solution. With its downgrade reports feature, you get real-time analysis to negotiate cost-efficient SaaS licenses with ease. 

Top features

  • Automated subscription management
  • Easily connects to provider APIs

Best for

Enterprise-level and SMB IT teams that need to manage complex service processes. 


Contact the USU team to get a demo and learn more. 

7. Eracent

With Eracent, you can manage both software and hardware to keep costs low and all your user licenses in order. With data normalization features, IT teams can make data-driven decisions that better align with their long-term goals. 

Top features

  • Lifecycle management and process automation features
  • Integrates with other applications for an easy flow of data
  • Advanced tools for license optimization and cost reduction

Best for

Eracent works best for larger corporate IT needs with a high level of complexity. 


Contact the Eracent team to learn more about personalized pricing options. 

8. Certero

Certero is a great option for teams that want to create a single source of truth that enables visibility and cost savings across all apps and devices. Certero helps you eliminate data silos by offering all the tools IT teams need to manage assets— whether on-premises, SaaS, or in the cloud.


Larger organizations often don’t have a real solution to working with multiple data teams beyond IT. Certero scales with data and analytics capabilities to ensure every team can extract insights for ongoing strategy. 

Top features

  • Software platform autodiscovery features
  • Manages hardware and software
  • Easy to onboard
  • Easily create custom dashboards

Best for

Enterprise businesses that need IT management tools able to handle complexity and data at scale. 


Contact the Certero sales team to learn more. 

9. Snow Software

Modern problems require modern solutions. As an IT asset management solution, Snow Software takes that idea to heart. Snow enables you to manage all infrastructure spend and establish governance across your organization. 

You can think of Snow as a mix-and-match option that caters to the specifics of your IT needs. In other words, you can choose which products you want to access, whether the Snow Spend Optimizer solution, Snow SaaS Management, or both. 

Top features

  • SaaS license renewal negotiation tools
  • Tracks both on-premises applications and infrastructure
  • Collects asset data through API connectors
  • Asset tracking for both paid and free applications

Best for

Snow software is best for hybrid enterprises looking for multifaceted ITSM solutions flexible enough to adapt to ongoing changes. 


Contact Snow Software’s sales team to learn more. 

10. Ivanti

With Ivanti, you can track, consolidate, optimize, and customize your SaaS assets throughout their use. Like your typical IT asset management tools, Ivanti can track SaaS spend, asset age and value, and keep a record of all your contract negotiations. 

It’s built for performance management, so you always know the value of staying with a specific vendor. Ivanti makes it easy to store and organize key procurement data and even comes with a vendor scorecard feature. You always know the context of each vendor’s value with a click of a button. 

Top features

  • Offers out-of-the-box processes
  • Highly configurable dashboards and datasheets
  • Built-in tools to help with software updates
  • Product catalog feature to increase speed to provision
  • Built-in barcode scanning to easily look up assets

Best for

Businesses looking for a practical solution for asset management that can be used on the go. 


Contact the Ivanti sales team to book a demo and learn more. 

Start managing your software with Vendr

Today’s businesses need improved control and visibility into their tech stack with the help of an asset management system. As the number of applications enterprises and up-and-coming startups are onboarding increases, a centralized solution is a must. It gives you full visibility into what resources are dedicated to which applications. 

Vendr streamlines all your SaaS oversight needs with powerful automation and license management features. Once onboard, you’ll get visibility into SaaS usage as well as spend, and you’ll discover how you can optimize for both.

Learn how much you could save each year with Vendr’s free savings analysis. 

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Boston-Based Startup, Vendr, Opens New Office in Charleston, SC

The company plans to expand its engineering and customer-facing teams in 2020. Jeff Swank, Head of Vendor Management at Vendr and College of Charleston alumnus, will be leading local operations for Vendr’s new office in the Flagship WestEdge building downtown.

Of the announcement, Swank says “Vendr’s mission is to make software purchasing seamless, and to do that, we need great people who deeply care about making our customers’ lives easier. That’s why I’m excited to grow our team here in Charleston. Having spent the past 15 years in Charleston, I’ve seen how much talent there is here, and the tech community is only getting bigger. We’re looking forward to being a part of it and building an anchor team here locally.”

Vendr was founded in Boston in 2018 by College of Charleston alumnus, Ryan Neu. After running sales teams at high-growth tech companies HubSpot and Invision for eight years, Neu recognized that the way people were buying software was broken. After gaining early traction by acquiring customers like HubSpot, Draftkings and InVision, Vendr was selected to participate in Y-Combinator's 2019 summer class which helped the company raise a $2M round in September 2019.

Related: Putting a name to a feeling: Meet Vendr's core values

Today, Vendr’s investors include F-Prime Capital, Ashton Kutcher’s Sound Ventures, Joe Montana’s Liquid 2 Ventures, Garage VC and angel investors including Canva co-founder Cliff Obrecht and HubSpot COO JD Sherman.

Learn more about Vendr at www.vendr.com and follow the company on LinkedIn for future updates.

Sam Gorgone


Vendr's 2020 Pledge: Saving money and donating meals

One positive from 2020 is how priorities have shifted - the year has reframed what’s truly important and helped us all better recognize what we’re thankful for.

At Vendr we believe all companies - both large and small - have an opportunity to give back to those that are less fortunate. The greatest benefit of good fortune? Having the opportunity to give back and help others who are in need.

This holiday season we officially launched our first-ever Vendr Volunteers effort.

As a company, we wanted to meaningfully give back in a way that aligns with our values as a company. With a core value to “spend our customers’ money like it’s [our] own,” and a core strength of “Saving Money on Software,” we wanted to tie the two together for charity.

The Cause:

In a typical year, it’s estimated that food insecurity impacts 1 in 9 Americans - that’s over 37 million individuals, including more than 11 million children. COVID-19 has impacted that significantly, and more families are in need of food than ever before.

The Challenge:

Between November 15th and December 15th, we launched an internal campaign to raise funds for The Greater Boston Food Bank and The Low Country Food Bank of South Carolina. (We picked Boston and Charleston because those are where our two “offices” are located.)

For every $1M we saved our customers during this 30-day challenge, we pledged to donate $1,000.

The Result?

In one month, our team raised over $9,000 for Boston and Charleston's food banks, through a combination of our savings pledge and team contributions. 

Here's what our customers had to say: 
“At Attentive, we are always looking for ways to give back to the community and the events of this year have made that even more of a priority for us. We are proud to partner with companies who feel the same, and applaud Vendr for this impactful campaign.” - Brandon Simins, Vice President of Finance

“We’re proud to be partnered with small companies like Vendr who see the importance of providing back to our vibrant Boston community, all while helping Salsify streamline and scale our relationships with our software suppliers.” - Mary Jefts, CFO

Thank you to The Greater Boston Food Bank and The Low Country Food Bank for their dedication to helping organize resources for those in need. 

“We are so grateful to Vendr and its employees for their tremendous commitment to helping end hunger. This gift to The Greater Boston Food Bank will help us meet the increased need for food that has resulted from the COVID-19 pandemic. More families and individuals are in need than ever before and financial support like this fuels us toward our mission to end hunger here.” - David Giagrando​, Senior Director of Development.

Here’s to an incredible 2021, including more savings, more volunteering, and guaranteeing that there’s a new way to buy software


Gabrielle Dalvet


What our Series A means for the future of SaaS buying

We’re proud to announce that we raised $60 million at a $600 million valuation for our Series A. What we’re most excited about: Forever changing the way people buy and sell B2B SaaS.

We’ve all been there — we have a job to be done and need a SaaS product to solve for it. We find one we love, wait days to get a demo, spend hours trying to understand intricate pricing, and battle for weeks with finance, legal, and security to push the purchase through. On average, people spend 85 days — almost three months — slogging through the SaaS purchasing process.

Best case scenario, by the time we purchase and onboard a new tool, the team’s lost momentum and adoption fades. Worst case, we never end up buying, leaving wasted time on both the buy and sell-side. The latter happens more often than not with deals falling apart four out of five times.

What if we lived in a world where anyone in a company could find and purchase the SaaS they need — transparently, instantly, and at a fair price, all while seamlessly and magically navigating the internal procurement process with finance, legal, and security? 

Buyers gain immediate access to pivotal tools and have time to focus on the work that matters. Sellers find the holy grail of sales: a 0-day sales cycle and 100% close rates. 

Enter Vendr.

Vendr Series A Boston Leadership Chau, Lilly, Stephanie, Ryan

Some members of Vendr's Boston-based leadership team, left to right:
Chau Nguyen, Lilly Bacher, Steph Prevost, and Ryan Neu

We are becoming the trusted way to buy (and sell) SaaS

Vendr launched in 2019 and in a mere two years, we’ve facilitated more than $300 million across 2,500+ SaaS transactions with 1,000+ SaaS suppliers. We’ve grown from a handful of people to over 50 in February of 2021. And in the last year, our revenue has grown at 5x — all while maintaining positive working capital. 

Here’s what some of our customers have to say about the Vendr experience:

"In my opinion, Vendr is the way that every high-growth company should be negotiating SaaS contracts."

— Dave Vital, Finance at Drift

"Vendr helps us align to a consistent process and frees up our time to handle higher-value work."

Michael Denari, Procurement at Canva

"Vendr allows individuals to acquire software so much faster and with much greater efficiency - it's just a win-win for anybody."

— Peter Day, IT & Compliance at Mixpanel

The value we bring to our customers every day, from our product to our customer team, almost sounds too good to be true. But we guarantee to save you cash, with customers gaining up to six times the cost of Vendr back in savings within their first year.

As for suppliers, we aim to create an environment where every salesperson who sees Vendr on a deal breathes a sigh of relief, knowing we’ll help them close quickly. We know our approach works when we receive comments like this one daily: 

“It was a pleasure working with you on this process, thanks again for making it so predictable and streamlined. Hope we get to work with you and Vendr again.” 

We’re the ultimate mediator, cutting through the noise on both the buy and sell-side to find the fastest path to what both parties need and want. And it’s working.


The investors joining us in our Series A

Today marks another proof point in our journey as we’ve secured a $60 million Series A led by Tiger Global, with help from existing investors Craft Ventures, Garage Capital, Sound Ventures, and Y Combinator.

We’re very thankful to be sharing this news. It’s inspiring to be working with such prominent firms to build out a better B2B world, focused on the buyer.

We plan to use our funding to expand our product within the Vendr platform and grow the business internationally to support our ever-increasing list of global customers. 

The market shows no signs of slowing, with COVID-19 leaving a lasting impact and focus on capital efficiency. Gartner projects enterprise SaaS to reach $505 billion in 2021 and increase by 9.5% year over year. New SaaS solutions will continue to appear and companies will continue to purchase them to optimize the friction-filled nuances of their business.

All of which gives us even more motivation to continue our mission.


The frictionless B2B world we’re building

Our Founder and CEO Ryan Neu first encountered the pain points that inspired Vendr after a decade of selling SaaS at some of the world’s fastest-growing companies. “I experienced the inefficiencies of buying and selling SaaS firsthand,” Neu said. “It amazed me how challenging it was to transact. I decided it was time to create a new way to close B2B purchases, starting with SaaS.”

We hope to cure the friction that exists for all parties involved in a B2B SaaS transaction, including the core buyer, stakeholders in finance, legal, and security, and the supplier. We believe there is a win-win scenario in every deal and we know when it’s possible with the right information from all sides. 

Our dream is to build a world where purchasing SaaS as an employee of even the most complex companies is as simple as buying a smoothie with your smartphone — like magic.

Vendr Series A Chau, Ryan, Stephanie, Lilly

What this means for our customers

We’ll always continue to be obsessed with saving our customers money and promoting kindness as a competitive advantage. Beyond those core principles, we are excited to double down on building out our product as a major resource for customers to tap into as they shop, buy, renew, and assess their SaaS stack.