Protiviti’s Asset Lifecycle Management professionals understand the entire life cycle of assets, from acquisition to disposition.
Fixed assets such as end-user and mobile computing, network and data centers, software, wireless and wireline telecom network assets, and business operational assets are becoming more numerous and complex, making it increasingly difficult to manage, track and report on assets for timely and well-informed decisions.
Each asset has operational, accounting and potential technical aspects that may increase cost, complexity and risk. The risks are typically higher if a company has experienced a failed audit, security or recovery incident, or poor integration between information technology (IT) tracking and financial accounting of assets.
Protiviti’s consultants identify potential cost savings that are often, in our experience, as much as 10 percent of the total asset expenditure of the organization. We can help clients design, develop and implement a phased solution – program, process, best practices and technology – to manage assets throughout the enterprise. In addition, we can assist with the implementation of processes and solutions that reduce risk and increase the utilization of the assets being managed.