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Case-Study: Fixed Asset Reconciliation

Case-Study: Fixed Asset Reconciliation. Global Bank – INDIA region Duration – 6 Months. Approach. BusinessChallenges. To reconcile the IT asset for last 5 years form 2008 till 2013.

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Case-Study: Fixed Asset Reconciliation

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  1. Case-Study: Fixed Asset Reconciliation Global Bank – INDIA region Duration – 6 Months Approach BusinessChallenges • 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. • 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. Results • 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 • 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. Benefits to the Business • 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. • Huge time save for wall to wall inventoryafter 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. confidential www.cniits.com

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