Nicus FMDB for Asset Management extends ServiceNow ITAM workflows with finance-approved Total Cost of Ownership (TCO) data across the entire asset lifecycle — from acquisition to retirement. By delivering TCO insights for hardware assets and enterprise assets directly into ServiceNow’s applications, it ensures cost data is visible in the dashboards and applications customers already use — no new tools or learning required.

With Nicus FMDB for Asset Management, organizations can:

Leverage an out-of-the-box asset cost model to get up and running quickly
Use ServiceNow ITAM labor and task rate cards, or labor costs configured within FMDB, to calculate accurate TCO
Gain visibility into complete asset TCO, including purchase price, depreciation, labor, and maintenance
Optimize lifecycle decisions on renewals, upgrades, and retirements with accurate cost insights
Quantify the financial impact of asset rationalization and technical debt reduction
Align AI, cloud, and digital transformation investments with the value they deliver
Access TCO insights directly in the ServiceNow Asset TCO dashboard, including expense distribution by lifecycle phase and cost trends over time
Reconcile financial data with ITAM records to ensure traceability and defensibility

Built on the Now Platform, Nicus FMDB for Asset Management delivers trusted asset cost insights natively within ServiceNow — extending ITAM workflows to help organizations improve cost efficiency, align technology to strategy, and make faster decisions.

Experience the power of FMDB for Asset Management with a free 30-day trial. Expert-led onboarding ensures rapid implementation, allowing you to achieve value within days.

Nicus helps ServiceNow customers unlock the full value of technology investments. Our ITFM and TBM solutions empower IT, Finance, and business leaders to optimize spend, improve decisions, and drive better outcomes on ServiceNow and beyond.