Compliance Management is the process of ensuring the given legislation and standard of an organization. Compliance management is not a single form. Some of them are Internal and external standards, policies, third-party audits, security controls and technological enforcement. If an organization failed to comply with these laws and standards, then it would lead to loss
Every piece of software needs maintenance. The more complex software, the more maintenance. Most of the companies waste their money on software maintenance and renewal spend without proper intelligent planning and execution. According to the Forrester Global Tech Market Outlook 2018-2019, an estimated value of software market to be worth $688BN in 2018, of which
Nowadays Asset Management is one of the difficult processes due to the increasing size of the organization, employee turnover, software compliance, lack of standards etc. But still, most of the companies are not really ready to go with the latest Asset Management Software’s because of the expensiveness. IT Asset Management Software(ITM) is a cloud-based application,
Procurement Management is one form of management, where goods and services are acquired from a different organization. In a simple form, it is the process of physically buying a product or service. Is there any special reason to use this form of management to acquire goods and services? Yes, Procurement management is known to help
Why Physical Asset Auditing is required? All private and public entities are required to conduct a physical Asset Auditing at the end of every financial year. Because an auditor required to report whether the company is maintaining proper records of assets and these assets have been physically verifying by the management at reasonable intervals. Objectives Statutory Compliance
Asset Management Lifecycle Optimization & Procurement Management Asset management is the process of monitoring and maintaining assets cost-effectively. The assets include all elements of software and hardware that are found in the business environment. Asset management is also called inventory management because It gathers all the hardware and software information. So that you
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