Asset Panda Adds Procurement Functionality to Core ITAM Product
Asset Panda has announced the release of four new modules, adding service management and end-to-end asset management functionality to its core, lightweight ITAM offering.The new features continue to add value to a solid core ITAM product.
Asset Panda’s a fast-growing company that delivers a lightweight, low-cost ITAM solution that seems to do well in the small and mid-sized business market. The new releases are value-add modules to Asset Panda’s core ITAM functionality.
Inventory management, purchase orders, and vendor management modules offer a centralized, integrated solution for bids, billing, approvals, and payment. A request ticket module provides a hook into service catalog and service management processes.
Where procurement processes hinder the speed required for IT procurement, IT tends to build its own procurement function outside of the main business procurement office. If this is you, there’s a lot of value to a toolset that can support procurement without custom, possibly complex integrations. Tracking vendor shipments and payments can also help manage vendor performance. With the new addition of inventory management, multi-site distribution may become easier to manage.
This is likely a best-fit for use cases where you don’t need to extensively customize procurement workflows (e.g. where you have to conform to custom processes developed by the procurement department).
Our Take
Customers looking for a point solution to improve IT procurement processes have another reason to look to Asset Panda for a solution; existing customers can likely find value in new functionality. The new modules are likely a best fit for a use case where you don’t need to extensively customize the processes in the tool.