KNOW YOUR REGULATIONS
Some regulations, such as Sarbanes-Oxley (SOX) or International Financial Reporting Standards (IFRS), apply only to public companies. Other regulations are specific to particular industries or sectors. The North American Electric Regulatory Corporation (NERC) Critical Infrastructure Protection (CIP) regulations, for example, apply to these industries:
» Utilities (electrical generation, transmission and distribution)
» Oil and natural gas producers
» Waste water recycling and treatment plants
KNOW YOUR JURISDICTIONS
Because assets are often mobile, they can easily get deployed across state lines, or even between different countries. As assets move, the applicable regulations can shift. For example, taking care to store spare assets in low tax jurisdictions is a good strategy for reducing expenses.
KNOW YOUR ASSETS
Fulcrum CATS not only tracks traditional asset data – such as type, quantity, location, status, age, condition, warranty (just to name a few) – it can also be easily customized to track critical information to meet regulations in your industry sector or conform with legal requirements in jurisdictions where you maintain operations.
Get an ALM solution today
Fulcrum’s CATS implementations can be done in stages without displacing or disrupting any current systems. It can also be deployed as ‘Software as a Service’ (SaaS) hosted in the Cloud. In many cases, CATS implementations have been ‘self-funded’ through immediate savings realized by stranded asset recovery/redeployment.
Contact www.Fulcrum.net today for your own ALM solution.