Automated IT Asset Tracking and Lifecycle Management Using ServiceNow CMDB: A Success Story from a Mid-Sized IT Company

0%

 warranty lapses across all tracked assets

30%

reduction in hardware replacement costs due to timely renewals and maintenance

40%

improvement in procurement cycle efficiency

An Overview

A mid-sized IT company based in India, with 700+ employees and growing, approached LMTEQ to improve how they manage hardware warranties, service contracts, and asset lifecycles. The goal was to build a fully digital, scalable system for automated IT asset tracking and ServiceNow asset maintenance.

This case study highlights how the LMTEQ team delivered a custom ServiceNow CMDB implementation, complete with notification workflows and hardware lifecycle planning, resolving key operational bottlenecks and improving business outcomes.

Pain Points Faced by the Customer

The customer’s IT infrastructure included more than 1,200 assets, desktops, laptops, printers, and servers, spread across development, support, and operations teams. Their asset tracking relied heavily on Excel sheets, emails, and periodic manual audits. This approach led to:

  • Scattered and outdated warranty data stored across systems
  • No visibility into upcoming AMC (Annual Maintenance Contract) or warranty expirations
  • High risk of hardware failures after warranty periods, leading to downtime and escalated costs
  • Delayed procurement decisions due to a lack of proactive notifications
  • Inability to meet audit and compliance standards for hardware records

The impact was tangible; in a 12-month period, the company had spent nearly 20% more on emergency replacements and faced SLA penalties due to unplanned outages.

Our ServiceNow Custom Solution

Our team understood the client’s infrastructure and deployed a robust and scalable ServiceNow solution with a clear focus: improve visibility, automate workflows, and enable timely decision-making around hardware.

Centralized CMDB Foundation

Using ServiceNow CMDB implementation best practices, all asset data was migrated into a single, structured configuration management database. Warranty and service expiry dates were standardized and linked to each asset record.

Automated IT Asset Tracking

Our team configured asset lifecycle rules using Flow Designer. Assets were categorized based on type, age, location, and usage. The system automatically updated asset status (e.g., “In Use,” “Under Warranty,” “Needs Review”) based on defined logic.

Notifications & Alerts by Integration

A custom ServiceNow notifications workflow was built to alert teams of key events:

  • Warranty expiry: Alerts at 90, 60, and 30 days prior
  • AMC renewals: Triggered workflows with vendor contact details
  • Maintenance due dates: Tasks created for the IT team
  • Notifications were integrated with both email and Microsoft Teams

ServiceNow Asset Maintenance Scheduler

Preventive maintenance activities, such as device inspections and updates, were scheduled automatically. Each asset’s history and vendor SLA were visible in a single pane, enabling proactive maintenance rather than reactive troubleshooting.

The Results

Within 3 months of go-live, the IT team reported a complete shift from reactive to proactive asset management. Specific results included:

  • Zero warranty lapses across all tracked assets
  • 30% reduction in hardware replacement costs due to timely renewals and maintenance
  • 40% improvement in procurement cycle efficiency
  • Preventive tasks completed on schedule for 95% of assets
  • CMDB passed internal audit reviews with full traceability of asset lifecycle events

By automating IT asset tracking and building a ServiceNow asset maintenance, the client now operates with greater control and predictability. Real-time dashboards offer complete visibility into assets due for renewal, helping both IT and procurement teams act decisively.

Is your team still relying on spreadsheets to track IT hardware?

With LMTEQ’s expertise in ServiceNow CMDB implementation, you can modernize your IT asset operations with automated tracking, workflows, and lifecycle planning — just like this client did. Get in touch for a 30-minute discovery call session and let us help you build a smarter IT asset management system.