Asset tracking is often considered to be an imposition on US businesses purely as a consequence of SARBOX, but asset tracking should be more than an accountancy compliance issue.It’s an essential component of informed and sound management.Assets must be managed both financially and physically and to do that you require knowledge of just where all your assets are.Many companies rely on a conventional spreadsheet approach to try to keep track of their fixed assets to ensure the company is compliant with national and international regulations.
That’s especially important with IT tracking fixed assets.IT equipment the heart of any business operation today and often changes during its operational lifetime.Components may be switched, replaced, upgraded or repaired.Software especially is frequently installed, uninstalled or upgraded. Many of these changes are internal and therefore usually “invisible”. Continue reading “Tracking Assets Can Lead To Real Strategic Insights”
