Issue
A leading international technology company required a comprehensive physical inventory and reconciliation of its global IT asset population to support compliance requirements, strengthen asset governance, and improve the accuracy of enterprise asset records. The engagement spanned 21 locations across 13 countries, including data centers, communications rooms, warehouses, conference facilities, and flexible workspaces.
Solution
The Tangible Asset Practice (TAP) within the CBIZ Valuation Group (CVG) leveraged more than 35 years of fixed asset inventory and reconciliation (FAIR) experience to deliver a globally coordinated inventory and reconciliation program.
Using Project Management Professional (PMP)-certified professionals and methodologies based on Project Management Institute (PMI) standards, TAP established a centralized project management office (PMO) responsible for planning, scheduling, stakeholder communications, risk management, quality assurance, and executive reporting. Standardized inventory procedures, barcode-scanning technology, and reconciliation controls were deployed across all locations to ensure consistent, defensible, and audit-ready results.
The team coordinated inventory activities across North America, Latin America, Europe, the Middle East, and Asia-Pacific, successfully managing complex logistics, multiple time zones, and diverse operating environments while maintaining schedule adherence and data integrity throughout the engagement.
Outcome
TAP successfully completed the physical verification and reconciliation of 120,058 IT assets, including:
- 9,898 serialized assets
- 39,662 nonserialized assets
- 30,063 public location assets
- 40,435 flexible workspace assets
CBIZ delivered site-level reconciliation reports, consolidated global inventory results, and executive reporting identifying accurately recorded assets, discrepancies, undocumented equipment, and assets not located during the inventory process. The engagement provided the client with a reliable and defensible asset database that strengthened compliance, enhanced audit readiness, improved asset accountability, and increased confidence the accuracy of global IT asset records.
| Company Information | |
|---|---|
| Industry | Technology |
| Entity Type | Public Company |
| Ownership Structure | Publicly Held |
| Geographic Footprint | Global |
| Annual Revenue | $4.53 billion |
| Number of Employees | ~27,000 |
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