The ARCHIBUS Asset Management software domain provides the means to improve data accuracy of assets, increase asset utilization, and optimize asset acquisition and disposal decisions. Increasing asset utilization and optimizing acquisition and/or disposition practices are essential to increasing organizational efficiency and achieving superior financial results. Asset Management Software’s capabilities go beyond a merely financial focus and can also trace assets to the entity that is responsible for the asset, the cost center or department that depends on the asset, and/or the physical location where the asset resides. This helps increase organizational accountability and facilitate asset redeployment, when appropriate. There is one run anywhere application included under this domain:

Deliver improved furniture and equipment utilization rates, which can reduce capital expenditures by as much as 10% annually. Track and manage asset ownership and usage to increase organizational accountability and promote redeployment opportunities. Ensure compliance with financial accounting requirements and/or regulatory mandates. Establish a coherent process for integrating asset planning, acquisition, tracking, disposal and investment recovery. Plus, maintain an accurate inventory of network infrastructure to facilitate improved planning and a high level of internal customer support.

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