A number of things may drive organizations to review processes. A few are:
- Changing software systems.
- Current system has failed.
- The organization has changed.
- The data has changed.
- Changing external rules like tax laws.
Quite often existing activities are built around limitations imposed by older data management systems. It is not uncommon to find departments doing redundant work or collecting the same data more than once or employing a multiplicity of tools for analyzing and reporting on it.
New software usually offers improved capabilities which, when properly understood, facilitate process improvements.
Asset information is commonly shared by accounting and tax departments. However, while both start from the same information such as cost, purchase date, description, disposition and so forth; they diverge considerably in their ultimate use. A well conceived process supported by robust asset management software will allow both departments to work together.