Depreciation in Collective IQ® ITAM: A New Level of Intelligence in Asset Management
What makes this feature different?
The big differentiator is the automation of residual value calculation.
With just a few clicks, managers can:
- Define standardized depreciation rules.
- Link assets to contracts and apply acquisition costs.
- Access detailed reports with original, depreciated, and current values.
- Export information for audits and financial analysis.
All of this is centralized within CIQ ITAM — no need for manual spreadsheets or parallel systems.
Benefits that transform IT management
- Accurate financial visibility
With updated asset values, companies can maintain a realistic balance of their IT infrastructure. This prevents distortions in accounting reports and supports future investment planning.
- Smart renewal planning
Knowing when a device reaches its minimum value helps IT plan replacements at the right time, avoiding both premature expenses and the risks of running obsolete equipment.
- Governance and compliance
By standardizing depreciation rules, companies ensure transparency, traceability, and compliance with accounting standards, simplifying audit processes.
- Data-driven decision-making
This feature transforms numbers into insights. IT managers gain a clear map of the asset lifecycle, enabling them to justify investments with objective metrics.
- Operational efficiency
Centralizing depreciation in Collective IQ® ITAM eliminates manual and scattered controls, reducing errors and saving the team valuable time.
A competitive edge for companies of all sizes
While many organizations still treat IT asset depreciation as an isolated accounting task, CIQ ITAM delivers an integrated and strategic approach. This means IT stops being seen merely as a cost center and becomes a true value driver for the business.
Imagine being able to answer, questions like:
- What is the current value of the company’s notebook inventory?
- When will our servers reach their minimum residual value?
- How much depreciation has been accumulated over the past year?
These answers not only optimize IT budgets but also strengthen the department’s position with executives and other stakeholders.
Key Benefits of Collective IQ®
For a deeper dive into how this functionality works in practice, visit our official documentation and explore all the details of the new Depreciation feature.
If you want to elevate your asset management and make smarter decisions, the time is now.
Discover how Almaden can help your company turn data into strategy.
