Ricoh’s New Business Service Empowers Organizations To Achieve Compliance With Complex Lease

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As information technology in organizations grew more complex, it became evident there was a need for a more elaborated way to manage it. With the evolution of it capabilities from exotic additions in an otherwise human based process to full blown services available on demand as the organization requires, the challenge for effective it management has become to align technical capabilities with business goals and strategies. The purpose of this research is to go over the different paradigms focused on managing IT services based on business objectives. We first present a baseline concept of some relevant terms such business service and business service management, to ease the overview of several frameworks. We then describe one direction to which current research in the field is heading and finally we present a set of criteria we use to evaluate and compare all the considered frameworks and find their weaknesses and strengths.

If you plan to sell a commodity item and the key to your success lies in, say, competitive pricing, you probably don’t need to provide significant product detail. Or if you plan to sell a commodity readily available in a variety of outlets, the key to your business may not be the commodity itself but your ability to market in a more cost-effective way than your competition.

Leases, such as vehicles, office equipment, computers, furniture, machinery, cell towers, etc., have historically been managed by individual or regional offices making them unlikely to be seen by investors. These new requirements address this regulatory blind spot by moving the accounting of leases to companies’ balance sheets, providing a more complete financial picture of the business. Ricoh’s Lease Administration Services organizes and manages information more efficiently than prior processes by reducing dependence on time consuming manual tasks.