Can your accounting system effectively classify and categorize each new component?

Your network is your largest fixed asset, and tracking it can be overwhelming. Changes to your network are never cut and dried. There are always unforeseen challenges, and one change often cascades into more changes. Financial accounting systems are rarely equipped to efficiently classify and categorize each and every new technology component. And having engineers and operations personnel apply asset classifications through judgment calls can lead to misallocated resources, and even "lost" assets.

To better manage your physical assets, you need common definitions of assets within your company - definitions that match those of your equipment suppliers. Those definitions need to be easily shared between all your internal organizations so that activities within departments, and activities across departments, are properly accounted for and supported within your system.

With an Industry Information Infrastructure, you can standardize and automate your asset classification and journalization throughout your supply chain, and right down to the last inch of your network. Not only will it save you hassle and expense in asset management, but you can be more confident in the accuracy of the information you report on your balance sheet.

Telcordia Common Language® Information services offers a comprehensive, managed information infrastructure that facilitates the information exchange you need to simplify your systems integration processes. It provides:

• A data framework with standard structures and formats
• A dictionary with syntax rules
• A hosted product registry and naming engine with identifiers that is constantly updated
• A publication and distribution engine

There are no short cuts. All the information must be gathered, formatted and distributed, and only Telcordia has committed to do it industry wide. Our ever-expanding list of cooperative partners includes over a thousand equipment vendors and OSS/BSS providers. Click on individual products to learn more about this unique offering from Telcordia and discover how you can simplify your asset classification and journalization by tapping into this one-of-a-kind resource.

Learn more about Common Language Information Services:

• Common Language Equipment Information Service
  Providing a consistent, meaningful and unique method of identifying equipment, its capabilities and its classifications.
• Common Language Location Information Service
  A single source of network location information that helps provide efficient, seamless collaboration with trading partners.
• Common Language Connections Information Service
  Providing carriers and service providers with a way to represent physical and logical connections.
• Common Language Services Information Service
  Providing the industry with a single, flexible approach to define and communicate service orders.