Given today’s tense economic situation, the emphasis on Asset Management takes on a new dimension. IT-Development has made their customers aware of equipment management issues for a long time based upon their experience in the field.
However, the operators’ finance departments are quite conscious that there is a need to reconcile their own data with that of the technical departments, so that consistency is achieved between equipment details stored in the company’s corporate ERP and what’s actually available in the field. Field service personnel require reliable information which is, in turn, crucial for network operation. Efforts must be made to ensure that network resources are enhanced and valued as accurately as possible. Legal obligations related to Sarbanes-Oxley (SOX) rules have made adjustments to information systems more pressing.In 2013, you will be able to rely on IT-Development who will help you consult and distribute reliable information in a consistent and efficient way, thanks to ClickOnSite, our flagship product.
Evolutions are linked to good accounting practices imposed by SOX which, in effect, require that records should be maintained accurately to reflect the veracity of transactions.
This is a crucial point because over the past two or three years, there has been a large number of asset transfer deals in which tower companies purchased equipment to lease them afterwards. Given that context, it becomes crucial for operators to have a clear view of their network resources so that an accurate value will be reflected during the transfer.
ClickOnSite is thus fully relevant in the case of a Due Diligence during the asset valuation phase.
A number of modules of our flagship product ClickOnSite are currently being implemented with several of our customers in Africa, notably in Morocco, Kenya and Botswana. We will provide more consulting and support services to enable them to regain control of their asset management. There have been many exchanges from the start. Feedback from the field is likely to be included in a white paper and business cases in the short to medium term.