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TechTrack IT Asset Management Solutions Achieves 98.8% Accuracy |
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February 26, 2008 |
Vancouver, BC (CANADA) -- Techtrack Solutions Inc. www.techtrack.com, a leading IT Asset Management Software Company that develops and markets Asset Manager software. The Techtrack method is proven through ten years of achieving or exceeding targets, is recognized for its accuracy, speed, and reduced impact on organizations and just received a 98.8% accuracy rate on one of their recent projects.
Effective IT asset management begins with an accurate inventory. With a complete and accurate listing of existing IT assets, companies can maintain greater control of assets, increase efficiency in asset use, and facilitate reporting of fixed assets in their financial systems. Manual inventories, while still commonly used, are prone to error. Device information for the same asset may be recorded differently, depending on who is taking the inventory. Errors can also occur when writing information down, and when transcribing written notes to an electronic format. The Techtrack inventory method greatly reduces the opportunity for errors to enter the data collection process.
Techtrack uses barcode scanning for data collection. To prepare for the types of assets they will encounter at the client site, the Techtrack team assesses the client environment before beginning each project. They create barcodes for the main types of assets, ensuring consistency in how device information is recorded. Because handheld scanners capture information in an electronic format and synchronize it with a central database, each device is “read” only once, reducing the transcription errors that plague manual inventories. Scanning also increases the speed at which data can be collected, leading to significant reductions in the length of the inventory process and minimizing disruption to company operations.
Techtrack uses a rigorous quality analysis process to ensure the accuracy of its inventory. In conjunction with the client, the Techtrack team establishes an acceptable margin of error. Techtrack staff review a statistically significant sample of devices and compare the sample against the larger data set. Techtrack regularly exceeds the accuracy rate demanded by its clients. In its recent engagement with Yahoo, which involved several thousand assets, Techtrack achieved an accuracy rate of 98.8%.
About Techtrack
Techtrack Solutions Inc. is a privately held Information Technology Asset Management (ITAM) Software company headquartered in Vancouver, British Columbia, Canada. Over the past 10 years, Techtrack has been delivering IT asset management solutions solving customers’ business problems as they relate to asset management. Their core areas of expertise are in asset management and asset tracking software, asset life cycle best practices, physical inventory and reconciliation services. Techtrack provides asset tracking and management solutions to leading organizations throughout North America including fast growing FORTUNE 1000 companies such as Yahoo!, Electronic Arts, Expedia, Salesforce.com, NASDAQ Stock Exchange and HP. For more information on Techtrack or to contact an ITAM solutions expert please visit www.Techtrack.com.
For more information contact:
Kevin McGrew
CEO
Techtrack Solutions
604 684 5002
1-866-274-3268
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This news release is not, and under no circumstances is to be construed as, an advertisement, solicitation or offering of securities of Techtrack Solution Inc. The statements made in this news release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. |
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Press Release Summary
Techtrack Solutions Inc. techtrack.com, a leading IT Asset Management Software Company that develops and markets Asset Manager software. The Techtrack method is proven through ten years of achieving or exceeding targets, is recognized for its accuracy, speed, and reduced impact on organizations and just received a 98.8% accuracy rate on one of their recent projects.
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