When companies invest in IT asset management tools, the primary reasons are to keep systems available and service levels high, according to industry sources. But another concern is beginning to surface in asset management discussions."In the age of Sarbanes-Oxley (SOX), one of the major issues is the auditability of your assets, and that includes IT assets," says Craig Macdonald, vice president of product marketing at Peregrine Systems Inc., a San Diego-based IT asset management and IT service management company.

According to recent research, Peregrine found 70% of companies across industries are in the "chaos" stage of IT asset management, meaning they have no solid understanding of what they have or where it is located.

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