Success Stories - The McClatchy Company
 Company Background:
The McClatchy Company is a publicly traded newspaper corporation headquartered
in Sacramento, California. Currently, it owns twenty-three daily and community
newspapers, including the Minneapolis Star Tribune. In the very near future, the
acquisition of the Knight-Ridder newspaper group will be finalized, nearly tripling
the company's size. The Minneapolis Star Tribune will remain the largest newspaper
and the Miami Herald will be the second largest in the group.
Business Challenge:
Upon acquiring Knight-Ridder, McClatchy's fixed assets value will increase to
nearly $2.5 billion. Vital to the company's success is the ability to account for
all that property at so many sites. Fixed assets accountant Ted Norris is in charge
of the three year inventory cycle, making four onsite visits annually. With so much
money invested in assets, McClatchy needed an enterprise fixed assets system.
The Solution:
Ten years ago, Ted Norris did an extensive search for tracking software. He
remembers choosing IntelliTrack because of its flexible database engine, as well
as its reasonable price.
Before using a barcode system, the company was using aluminum asset
tags and cataloging everything manually. Now, every fixed asset is tracked
by IntelliTrack Fixed Assets. Even
items like land, buildings, and software are given tags that are kept in a
binder so they too can be tracked.
The Bottom Line:
IntelliTrack Fixed Assets saves a
great deal of time. Ted said, "Under the manual system I would have to spend an
additional week or more reconciling unrecorded asset transfers and another large
amount of time creating asset retirement transactions. But now, before finishing
an onsite inventory visit, I am able to provide a listing of assets not found and
an estimated NBV or loss on disposal. IntelliTrack reconciliations are part of the
scanning process and asset retirements are created by a query using a specially
created report based on IntelliTrack's asset not found list."
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