Because of the significant financial benefits to be realized, many businesses choose to lease IT assets. Reduced capital burden and relief from disposal and equipment retirement costs are just two reasons why leasing makes sense. Leases can also include maintenance, further reducing costs for business.
While the financial reasons for leasing may be quite clear, there may be unexpected expenses if the asset life cycle is not properly managed.
Techtrack asset management services help you manage the life cycle of your IT assets by:
One industry analyst estimated that 65% of all leased equipment is not returned on time and is subject to financial penalties. In a large enterprise with 5,000 leased computers, the cost of being just one month late could be significant.
Like leases, maintenance agreements, for both owned hardware and licensed software, have finite terms and are often more expensive to reinstate than renew. In some cases, maintenance is necessary to the ongoing operation of mission-critical IT devices and cannot be interrupted.
To better manage leased assets you need to track an asset throughout its entire life cycle, from initial acquisition, through all of its moves and relocations, to final disposal.
Most organizations create spreadsheets to track their assets. In addition to being cumbersome and error-prone, this option has become less viable in today's corporate regulatory environment where stringent controls of the spreadsheets used in an organization's financial reporting processes are now the norm.
What you need instead of spreadsheets is a complete solution that uses consistent tracking methods to create an accurate, current, and easily accessible database of asset information.
For over ten years, organizations have turned to Techtrack's AssetManagerTM software for help managing their IT asset estate. Asset Manager is:
Contact us today to learn more about our complete asset tracking solution.