Telecom Asset Management System (assetTRAC)

Asset Management’s primary function is to ensure that information regarding network assets is consistent enterprise-wide and is in sync with the state of those assets on the ground. A proper asset management implementation can decrease overall revenue leakage caused by nonstandard equipment leasing, rent out and tax write-offs.

Companies with significant investments in network equipment that rely on siloed departments to provide information about the status of an asset put substantial amounts of revenue at risk. For a CSP it's often a simple problem of visibility: asset lifecycle is tracked by isolated systems and are unavailable to the rest of the enterprise. Without an automated asset management system, telecom companies will spend unnecessary time on maintenance, support, licensing, leasing and repair expenses. In many cases existing asset management systems lack tight integration with all necessary collaborative systems.

• Limited information about network asset lifecycle events such as acquisition, transfer or retirement.
• Discrepancies of up to 20% between inventory databases and actual assets.
• Partial coverage of Sarbox requirements.
• Inability to correctly track leased or rented out equipment. To track and provide accurate billing for CPE usually requires manual processing to collect data from collaborating systems.
• Insufficient reconciliation activity increases the probability of unaccounted or incorrectly accounted for network elements.

Asset Management solution (assetTRAC) provides an accurate real-time tracking of network equipment throughout their lifecycle. Its integration with collaborating systems such as accounting, billing, and general ledger ensures proper asset tax write-offs, leasing management, and sharing asset lifecycle information across an OSS suite. AssetTRAC’s prebuilt adapters allow for quick and seamless integration with an already deployed OSS suite:

• The Common Tax System adapter tightly integrates CyberVision's assetTRAC with the tax reporting system and provides functionality and access to the accounting data for network equipment purchases, leasing, rent and write-offs.
• Integration with inventory systems reduces the risk of improperly accounted for network equipment, supports reconciliation, and helps to resolve asset lifecycle issues.
• Using CyberVision's assetTRAC with a network planning adapter helps with future acquisition planning as it can generate reports on asset status and usage.
• Workforce Management adapters for CyberVision's assetTRAC help to track equipment installation, maintenance, de-installation, as well as contractor agreements.
• Trouble ticketing adapters are used for the best assets lifecycle tracking and encourage trouble tickets responses.

CyberVision's AssetTRAC addresses the 4 key elements of life cycle asset management: equipment acquisition tracking; maintenance tracking (upgrades, operations control); leasing and renting; equipment depreciation tracking.

• Equipment acquisition – assetTRAC tracks all transactions concerning new equipment purchase, delivery date, and inventory status
• Maintenance – assetTRAC defines the tasks, tracking changes to equipment state during its lifecycle
• Leased and rented equipment – assetTRAC tracks all information concerning equipment not operated by the company but by its customers or contractors
• Depreciation – assetTRAC tracks equipment that should be decommissioned in the near future, hence ensuring that proper tax, accounting, lease-off, and warehousing policies are applied

CyberVision's AssetTRAC helps to eliminate inaccurate depreciation and unnecessary write-offs by storing equipment status changes in the provisioning and leasing systems. AssetTRAC’s tight integration with collaborating systems enables it to efficiently handle many use case scenarios concerning a network asset’s lifecycle, such as generating proper tax reports, tracking equipment usage through its lifecycle, reconciling asset information with the asset itself. AssetTRAC improves overall company bookkeeping, prevents revenue leakage and eliminates tax penalties for fully depreciated equipment.