Introducing New IT Asset Lifecycle Processes



VIZOR Introduces New IT Asset Lifecycle Processes

The ITAM & Service Desk solution has new features to help financially dispose of devices

August 20, 2019 (Atlanta, Georgia) – VIZOR today announced new features that streamline new lifecycle processes of IT devices. The features, Repair Tracking, Lemon Assets, Scrap Assets, and new depreciation schemes, will help keep better track of inventory and monitor the value of the devices throughout their life.

VIZOR monitors the number of times an asset is sent to “repair.” VIZOR tracks what part of the asset is being repaired, who is repairing it and how much the repair cost. In addition, if the device is flagged for repair three times, it is marked as a Lemon Asset to help identify assets that need more attention.

“We work with different industries that have different industry standards,” said Dean Bates, Marketing Director at VIZOR, “We are happy to provide out-of-the-box functionality to help streamline all their processes.”

IT assets in VIZOR can now also be permanently deleted with a click of a button. Named Scrap, once the button is pressed, an email is sent to the Finance department to indicate that an asset has been destroyed. In some industries, this replaces the process of flagging a retired asset.

To further streamline the lifecycle of the assets, new depreciation schemes like Degressive 40%, Linear 10%, Straight Line 10 Year and Linear 33%, Straight Line 3-Year have been added. Other notable features include locking a retired asset, so it is unable to be modified, single click to mark a lost asset, and flagging an asset as retired after it has been marked as lost for certain period.

For a full list of all the new features in VIZOR, click here.

For more information about VIZOR, email


About VIZOR: VIZOR ( is an IT Asset Management solution with an integrated Service Desk. The IT Management solution stands out with its unique Software License Management features and affordability. Developed by Vector Networks, the innovative solution has won the Vendor Landscape Award in 2017, got PINK certified in 2019, and is now being resold internationally and translated into several other languages.

About Vector Networks: Vector Networks ( is an IT software developer and distributor helping organizations around the world for over 25 years. With a focus on customers and innovation, Vector Networks has won awards for their new flagship product VIZOR that was only launched in 2017. Today, Vector Networks continues to innovate in the IT Asset Management, and Service Desk landscapes as they are dedicated to improving organizations through IT.