As your business grows, so does the number of laptops, desktops, software licenses, and cloud tools in use. Without a reliable system to track everything, it's easy for things to fall through the cracks, resulting in compliance issues, wasted resources, and frustrated teams.
ConnectWise asset management is designed for IT teams and Managed Service Providers (MSPs), offering a structured way to track assets throughout their entire lifecycle. This guide walks you through how ConnectWise helps simplify asset management and shows how businesses are already putting it to work.
Managing assets without a clear process often leads to outdated spreadsheets, guesswork, and costly surprises. ConnectWise eliminates the guesswork by giving you a real-time view of every device, application, and license under your management.
With the right setup, you can identify underused equipment, plan refresh cycles, catch licensing issues early, and tie everything back to the tickets and users they belong to. That visibility is key to smarter decision-making.
Flexera's 2023 State of ITAM Report indicates that organizations are achieving significant financial benefits from robust IT asset management practices, with 55% reporting savings over $1 million and 16% exceeding $10 million in savings within a single year.
ConnectWise brings together everything IT teams need to track and manage assets in one place, with minimal friction. Here's what makes it particularly effective:
Before diving in, do a one-time clean-up of your asset records. Consolidate data from spreadsheets, remove duplicates, and eliminate anything that is no longer active. It's easier to keep things organized if you start with a clean slate.
Make life easier for your team by establishing clear and consistent naming conventions. When every device, user, or site adheres to a standard format, finding and reporting on assets becomes significantly faster.
ConnectWise allows you to set alerts for license renewals or when you're exceeding usage. Utilizing this feature can help avoid penalties and unnecessary spending.
This step is often overlooked but makes a significant difference. Linking tickets to specific assets helps track problem trends. If a device keeps breaking down, you will see it in the data and can take action.
Ensure that your IT staff understands how to accurately enter and update asset data. A short training session can pay off big in the long run.
It's normal to have questions before investing in ConnectWise asset management. But most of the hesitation comes from common misconceptions. Here's a closer look at those concerns and why they might not be as limiting as they seem:
Getting started doesn't require a complete overhaul. The platform is designed to be straightforward, letting teams focus on what matters. Most businesses find that it simplifies work rather than adding to it.
You don't need to be an enterprise to benefit from asset management. Smaller companies often see results faster, as even basic tracking brings structure where there was none before.
If your team spends time updating spreadsheets or manually tracking down devices, ConnectWise actually saves time. Once it's running, a significant portion of the process is automated, making it easier to maintain.
A solid asset management system pays off. In fact, WanAware’s 2025 study found that over half of organizations saved more than $1 million in a year through better asset tracking.
There's no pressure to do it all at once. Start with the basics, like tracking key hardware or software, and expand when you're ready. The system adapts as your needs change.
TechMD, a California-based MSP, was running into roadblocks with a remote monitoring tool that:
To resolve these challenges, TechMD chose to return to ConnectWise. Their migration plan included:
By consolidating their tools into a single system, TechMD was able to:
When you're managing dozens or even hundreds of devices, it's easy to lose track. But that doesn't mean you have to. With ConnectWise asset management, you gain clarity. Every device, every license, and every detail is accounted for.
You can make decisions based on data, not assumptions. And your team gets the confidence of knowing that what they are managing is accurate and up to date.
At Bering McKinley, we help IT leaders take charge of their environments with tailored ConnectWise implementations. We will help you design a system that works for your team and your clients.
Schedule a meeting today and see how ConnectWise asset management can simplify your day-to-day.
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