Ensure effective technology management with our Technology Acquisition Policy, which outlines guidelines for acquiring technology and integrating new systems. It is an essential resource for organizations navigating the complexities of acquiring, managing and disposing of technology assets. This document is presented in three tailored samples, each addressing unique aspects of technology acquisition to meet diverse organizational needs. 

Sample 1 focuses on the financial and accounting practices surrounding technology acquisitions, including equity investments and research-related costs. It provides clear guidelines on expense thresholds, capitalization criteria and documentation processes. Sample 2 takes a procedural approach, ensuring that all technology acquisitions and dispositions are authorized, standardized and controlled. It assigns specific responsibilities to IT managers, compliance teams and auditors, creating a robust framework for operational accountability. Sample 3 aligns technology acquisition with strategic business goals, emphasizing sustainability, compatibility and security. It establishes standards for purchasing both standard and non-standard technologies, ensuring that they meet organizational requirements and compliance policies. This policy is designed to help organizations optimize their technology investments, reduce risks, and maintain compliance while promoting efficiency and accountability. With its structured approach, it offers a valuable blueprint for companies aiming to manage their technology lifecycle effectively.

Key takeaways include:

• Clear financial and accounting guidelines for technology acquisitions
• Standardized procedures for asset acquisition and disposition
• Alignment of technology investments with strategic business priorities
• An emphasis on sustainability, security and compliance in technology management