iap.exe is a part of the Dell OpenManage Client Instrumentation. It is used to access information about client computers by remote management application programs. This is a non-essential process.\r Disabling or enabling it is down to user preference.
Not a critical component, but see the information above before disabling it. We shall be adding additional information, such as Security Rating, once the process is reviewed. If you have any information to contribute, you can send it to pl[at]Uniblue[dot]net.
iap.exe general information