Case Study: The McClatchy Company achieves faster, more accurate fixed-asset inventories and streamlined reconciliation with IntelliTrack Fixed Assets

Asset Management Software Takes Headache out of Inventory Process for Large Corporation

The McClatchy Company, a publicly traded newspaper chain headquartered in Sacramento, faced a major fixed-asset accounting challenge as its imminent acquisition of Knight‑Ridder would nearly triple its size and raise fixed assets to about $2.5 billion. With a three‑year inventory cycle and four onsite visits a year, fixed assets accountant Ted Norris needed an enterprise tracking system to replace manual aluminum tags and time‑consuming reconciliations—so McClatchy turned to IntelliTrack and its IntelliTrack Fixed Assets solution.

IntelliTrack implemented barcode tracking and a flexible database that tags and catalogs every asset (including land, buildings and software), with scanned reconciliations built into the process. As a result, IntelliTrack has cut substantial reconciliation time—saving at least a week or more previously spent reconciling transfers—and enables on‑site listings of assets not found plus estimated NBV or loss on disposal; asset retirements are now generated automatically via IntelliTrack queries and reports.

The McClatchy Company

Ted Norris

Fixed Assets Accountant