Asset management supports better decision-making by providing accurate data on asset performance and usage. This information helps businesses make informed decisions regarding asset acquisition, maintenance, and disposal, and supports strategic planning and resource allocation. 

Compliance and risk management in asset management services involve monitoring software licenses and hardware to ensure adherence to legal and regulatory requirements. This reduces the risk of fines and penalties, and helps mitigate security risks by preventing unauthorized usage and potential breaches. 

Effective asset management improves efficiency by ensuring that all assets are properly utilized and maintained. This leads to smoother operations and reduces downtime, as well-maintained assets are less likely to break down or require unexpected repairs. 

Asset management services help reduce costs by optimizing the use and maintenance of assets. This prevents unnecessary expenditures such as over-purchasing and allows for better allocation of resources, ensuring that each asset is used to its fullest potential.