Branch networks, data centres, and a register that has to survive the regulator.
Banks grow by opening branches and refreshing technology, and both create assets faster than any register absorbs them. Expansion, staff turnover and the passage of time produce a register that is difficult to reconcile with physical possession, let alone functional state. Financial institutions adopt RFID for four specific reasons: regulatory compliance, lower operational cost, the ability to locate an asset on demand, and protection of data bearing equipment.
Four failures we find every time
Branch assets invisible from head office
Nobody at centre can say what is in a branch without sending someone to look.
Data bearing equipment leaving without a record
Servers, drives and terminals are a security exposure, not only a financial one.
Refresh cycles outrunning disposal records
New kit is capitalised, old kit is never written off, and both sit on the books.
Audit season as a fire drill
Existence testing is a standard procedure, and an unsubstantiated register invites a management letter point.
Where IT asset management breaks
Inventory
- Asset inventory audits
- Inventory management
- Regulatory compliance
Lifecycle
- Receiving and commissioning
- Asset movements
- Decommissioning or disposal
Utilisation and security
- Asset utilisation
- Repairs, upgrades and recalls
- Asset security
Asset classes in scope
- Furniture and branch fit out
- Data centre equipment
- IT equipment
- Cash counting machines
- Cash dispensing safes
- Cash drop boxes
- Security and access equipment
- Office equipment
- ATMs
- Servers and network
- UPS and generators
- CCTV
Three steps
- 01
Coverage plan by branch and region with no branch closing and no cash operation interrupted.
- 02
Tag and capture including data bearing equipment with serial capture, so the security register and the finance register agree.
- 03
Reconciled register plus a disposal and write off schedule your finance team can act on before the next audit.
Start with a scoping call.
Tell us roughly how many assets you carry, across how many sites, and what shape your current register is in. We will come back with a coverage plan, a timeline, and a fixed scope. No obligation, and no cost for the conversation.
Request a scoping call