CASE-STUDY: FIXED ASSET RECONCILIATION

To reconcile the IT asset for last 5 years form 2008 till 2013. To label the IT assets using QR codes to enable quick inventory

for about 20,000 IT assets. . To improve customers IMAC process & adherence. To design the process covering entire Life cycle of IT Assets Software & Business data compliance To regularize the IT assets life cycle operations after Project.

Achieve reconciled value of 96 % which was 21% initially. ** Accurate Wall to Wall Inventory across INDIA locations Strict control on Laptops achieving Data Integrity compliance Brings out more Accuracy & Visibility in software compliance Quick and On demand inventory QR codes scanners . Up to 75

% of traditional Inventory time is saved using QR code labels.

Obtained details from various sources e.g. Procurement, Finance, STPI. Retrieve information from existing Procurement tool, OEM’s. Wall to Wall inventory for all INDIA locations as a parallel activity. Decide the assumption team (Customers & us) to close old / high value/ and

untraceable assets. Reconciled assets with status report. Labeled QR code after stakeholder sign off.

IT assets movements are in control with IT asset Team. Project execution ,enables the SLA based coordination with various

teams like Procurement team, Finance team, STPI team.. Process design for Asset Management life cycle involving respective

stakeholders including Service desk. Customer is undergone complete STPI audit at the end or project

BENEFITS TO THE BUSINESSBENEFITS TO THE BUSINESS

RESULTSRESULTS

BUSINESSCHALLENGESBUSINESSCHALLENGES APPROACHAPPROACH

GLOBAL BANK – INDIA REGION DURATION – 6 MONTHSGLOBAL BANK – INDIA REGION DURATION – 6 MONTHS

Helped in reporting True & Fair Financial Position of IT assets ** Helped in claiming Tax benefits from IT assets ** Helped in asserting a True Profits from IT assets ** Source for Replacement of IT Assets **** Subject to certification from CA firm.

confidential www.cniits.com

Huge time save for wall to wall inventory after project. Successful audit for STPI assets. Adhering the systematic approach to Asset Management life cycle

process involving respective stakeholders including Finance , Procurement , Asset Team & Service desk covering 3 major stages of asset like Asset Procurement, Control & Disposal policy.