What does a rate card in ServiceNow do?

A rate card in ServiceNow plays a critical role in breaking down expenses related to hardware assets at the expense line level. This functionality allows organizations to clearly understand the cost components associated with their assets, including what they are spending on specific services or hardware. By itemizing the expenses, a rate card helps organizations in budgeting, financial planning, and identifying cost-saving opportunities by giving them a detailed view of their asset-related expenditures.

The other functions mentioned, such as generating new assets automatically, providing user training, or tracking hardware performance, do not align with the primary purpose of a rate card. While those functions are important within the broader context of hardware asset management, they do not specifically pertain to the financial breakdown and cost management that a rate card offers.