Techtrack asset tracking processes are the starting point for developing systems required to stay compliant with today’s government regulations, a concern for all C-level executives.
Regulatory compliance is not a one-time project. It is an ongoing process that requires accurate records of all company assets. Strict audit controls ensure that data is complete and accurate, and also enable companies to deliver consistent financial statements to stakeholders and auditors. IT assets present special challenges. With rapid advances in technology, IT assets turn over quickly, making it easy to lose track of them. Retired assets need to be recorded correctly in financial systems to ensure they are written off from financial records. Asset tracking processes provide for regular auditing of IT assets, keeping records current and consistent across the entire organization.
In addition to audit controls, IT asset management can help C-level executives realize competitive advantages. For an organization to gain control of its IT inventory, it must put into place efficient processes for tracking assets and following their movements throughout their entire lifecycle. Through these processes, organizations gain efficiencies in reporting and data tracking that will ultimately help business performance. ITAM can also help executives increase shareholder value by reducing costs through better utilization of IT assets and potential tax savings.
Corporate leaders have a responsibility to ensure regulatory compliance while improving performance and reducing costs. By resolving to implement an IT asset management system in 2008, they can set in motion an effective process that helps them reach their goals as executives and makes their organizations more competitive.
About Techtrack
TechTrack Solutions Inc. is a privately held Information Technology Asset Management (ITAM) solutions company. Over the past 10 years, Techtrack as been delivering customized, integrated solutions solving customers’ business problems as they relate to asset management. Techtrack provides asset tracking and management solutions to leading organizations throughout North America including fast growing FORTUNE 1000 companies such as Yahoo, Electronic Arts, Expedia, Salesforce.com, NASDAQ Stock Exchange and HP. For more information on Techtrack or to contact an ITAM solutions expert please visit www.techtrack.com.
For more information contact:
Kevin McGrew
CEO
Techtrack Solutions
604 684 5002
kmcgrew@techtrack.com
www.techtrack.com