Financial Solutions with Asset Tracking
Here are some numbers that may surprise you:
- An enterprise's IT estate can often amount to 50% of the total corporate asset base.
- IT assets can sometimes account for as much as 80% of capital expenditure.
Given the value of IT investments by today's organizations, asset management and tracking has become critical. Asset management not only helps track physical assets, it can also lead to significant financial benefits.
Asset Management and Financial Accountability
Every auditor will ask you the 5Ws:
- Whose assets are these?
- What assets do you have?
- When were these asset purchased or disposed of?
- Where are these assets located?
- Why were these assets acquired or disposed of?
Techtrack asset management solutions allow you to better manage the life cycle of IT assets so you can easily answer these questions. Our full suite of products and services provides you with:
- ASSESSTM planning and consulting services to initiate an asset management system
- AssetManagerTM asset management tracking software
- an accurate baseline of current assets through our Data HarvestTM asset inventory services
- automated discovery tools to help maintain accurate asset data
- RECONTM asset reconciliation to keep your financial records in line with your physical inventory
Asset Management and Costs
Have you considered what a lack of asset tracking costs your organization?
- less accurate financial records
- increased likelihood of internal and external audits
- greater chance of compliance and regulatory failure
What are the cost benefits of an asset tracking system?
- strengthen financial accountability
- yield substantial tax savings in depreciation deductions, use tax, and sales tax savings
- fewer or no penalties on expired leases
Why You Need Asset Management From Techtrack
Many of our customers have significantly improved their financial accountability and controls by implementing our barcode life cycle asset tracking solution, AssetManagerTM.
With our complete asset tracking solution, our customers are able to keep accurate asset records to help them manage leases, prepare for audits, realize tax savings and apply a consistent method of asset inventory tracking at every location.
Contact us today to learn more about the value of asset management and the cost savings your organization can achieve.