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A Financial Approach to IT Asset Management
An Eracent Whitepaper
www.eracent.com
Abstract
Evaluating IT’s contribution to the business of the organization from a financial perspective is difficult even when closely examining expenses and purchases. What is the business benefit derived from the IT infrastructure and how can it be improved? Through a push to evaluate Return on Investment (ROI), organizations have some ideas on how to calculate their technology investments, but the task remains difficult, complex and incomplete. The best choice is to automate IT asset management (ITAM), using these systems as the data-gathering engines and repositories for the information needed to calculate ROI or TCO. ITAM systems provide the information to improve the budgetary planning process, cost allocation process across the organization, and approval process for technology purchases.
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