Compliance Advice for the New Year

Peregrine Systems offers steps improve IT asset management practices


8. Link asset and accounting processes — Leverage the asset management to notify or update accounting records each time there is an asset status change, and integrate asset management software with finance applications to maintain accurate, up-to-date financial records. For example, once an IT asset is procured and deployed, the fixed-asset record should be automatically updated. If an asset moves to another state, the tax status would need to be appropriately changed. If the asset is retired early, there should be a fixed-asset adjustment as well.

9. Document critical IT assets — Ensure that business-critical IT assets have fully documented configuration information, including hardware status, software image, security status and change records.

10. Integrate IT asset and service management — Integrate IT asset and service management practices, including a change management system that fully documents all change activities to business-critical systems, including data center and distributed systems.

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