Products | FMDB for IT Asset Management

FMDB for IT Asset Management

Drive reductions in Capex/Opex and unlock value from investments across your organization by actively managing ALL the costs aligned with assets. FMDB for IT Asset Management integrates directly with the ServiceNow ITAM workflow to provide accurate, actionable and defensible total cost of ownership (TCO) data for assets.

Manage all asset costs across the asset lifecycle

When organizations utilize asset TCO for software, hardware and enterprise assets in ServiceNow, they are typically missing 60-70% of the cost of an asset. This is because they have the purchase price or contract value but are missing the indirect costs such as internal and external labor. The implication is that ITAM, SAM, HAM and enterprise asset managers are under-representing the value they bring optimizing asset costs and the total cost of future investments.

Using GL data from finance and internal and external labor costs, FMDB for ITAM uses its cost allocation engine to calculate the full TCO for each asset so that accurate costs can be assigned to each phase of the asset lifecycle. Consumers can view detailed TCO data directly within the ServiceNow ITAM Asset TCO dashboard to see asset expense distribution breakdown by phase, including how TCO has trended over time.

Enhance ServiceNow with the full asset costs and TCO.

Bridge financial and operational data for enterprise-wide alignment.

Align IT investments with business goals for strategic impact.

Make more informed decisions

Actively and accurately manage costs aligned with assets so when you optimize, you know the true cost leaving your environment
Leverage total cost of ownership (TCO) to optimize costs
Assign and manage cost through each phase of the lifecycle of an asset
Quantify the removal/retirement of unwanted assets and technical debt

Understand the true cost of growing initiatives such as AI and cloud so you can align the cost of support with the real value being driven across the enterprise
Support enterprise architecture with full financial impact, not just asset counts
Drive greater value from your investment in ITAM on ServiceNow

Populate TCO data directly into the ServiceNow ITAM tables
View accurate and complete asset TCO directly within the ITAM Asset TCO Dashboard
Utilize ServiceNow phases for expense distribution
See how TCO has trended over time to enable deeper analysis and insights

Use a single source of truth with approved financial data from the finance team
Reconcile ITAM asset list against the finance fixed asset list to identify opportunities for asset retirement
Drill down data that connects back to the general ledger, the book of record for financial data in an organization
Drive data accuracy across the asset lifecycle

Make more informed decisions

01
Drive Reductions in Capex and Opex
- Actively and accurately manage costs aligned with assets so when you optimize, you know the true cost leaving your environment
- Leverage total cost of ownership (TCO) to optimize costs
- Assign and manage cost through each phase of the lifecycle of an asset
- Quantify the removal/retirement of unwanted assets and technical debt
02
Quantify the Value of Growth Investments
- Understand the true cost of growing initiatives such as AI and cloud so you can align the cost of support with the real value being driven across the enterprise
- Support enterprise architecture with full financial impact, not just asset counts
- Drive greater value from your investment in ITAM on ServiceNow
03
Leverage your Investment in ServiceNow
- Populate TCO data directly into the ServiceNow ITAM tables
- View accurate and complete asset TCO directly within the ITAM Asset TCO Dashboard
- Utilize ServiceNow phases for expense distribution
- See how TCO has trended over time to enable deeper analysis and insights
04
Enhance IT and Finance Alignment
- Use a single source of truth with approved financial data from the finance team
- Reconcile ITAM asset list against the finance fixed asset list to identify opportunities for asset retirement
- Drill down data that connects back to the general ledger, the book of record for financial data in an organization
- Drive data accuracy across the asset lifecycle

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