product icon iFACTS intangible assets

Web based governance, maintenance and control

The intangible assets are said to be more than 80% of the organizational value.

Intangible assets are important parts of modern organizations. A company like Google is an interesting example demonstrating how soft values can build a world leading organization. Example of Intangible assets:

  • Brand
  • Knowledge and competences
  • Culture and value base
  • Contracts
  • R&D
  • Patent
  • Customer relation

All these important values need to be managed and controlled. One technique is to create control programs based on a best practice.  This shows to what degree the Intangible asset is managed according to the best practice and what non-conformities that are found.

In the iFACTS method the Intangible asset “Information” is handled as a separate entity. The main reason is its dependency to IT and the need to describe it as a separate object in the value chain.

Web technology helps the responsible with registration, structure and documentation. Common work steps are to document the parts of the intangible asset, responsibility, importance in the organization, plans and measures.

Measures

The Information can be given a performance score. The list below shows examples of measures to define the score and status.

  • Inventory status
  • Governance compliance status
  • Risk assessment status
  • KPI measures such as best practice compliance
  • Non-conformity status

Functionality

  • Dynamic setup of structure and roles
  • Dynamic setup of inventory content
  • Measurement
  • Dependency functionality
  • Documentation center
  • Non-conformity handling
  • Master data, API, Integration
  • Report generator