Asset Management, especially in the IT organization, is of critical importance. The advent of Sarbanes Oxley has created compliance requirements data protection, telecommunications and security will be one of the major risk management challenges over the next few years. The lack of an Asset Management Strategy increases the vulnerability of data center security, customer information, corporate information and the very operational integrity of the Information
Technology and related corporate functions.

The challenge asset management for corporation is the cross functional nature of capturing and managing assets during all phases of the product lifecycle. Whether driven by acquisitions, project requirements, leases, or simply software updates or migrations, equipment is constantly changing. It is reported that only 25% of organizations have a working lifecycle solution. The process from requirements through procurement, delivery, deployment, tracking, reporting and asset retirement or asset sales cross most organizational boundaries