Fixed Assets Management Software

Fixed Assets Management Software

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It is hard enough to keep track of items we use on a day-to-day basis, like our car keys, but companies have an even harder job—that is, tracking and managing assets of every description that are spread across an enterprise. Yet your company’s fixed asset management processes must be able to do the job accurately and well, feeding critical data into reporting and compliance processes. Fixed Asset Management software help organizations improve on their asset management processes, drive down regulatory risks, maximize return on capital investments, deliver greater control and reporting capabilities, assist in fraud prevention and reduce unnecessary costs. With our Fixed Asset Management Software, you can track the assets you have, where they are, how much they cost, depreciation and more. You can use existing barcodes or create your own to check in and check out tools and equipment to employees.

•For Insurance -To ensure the organization is paying the most accurate premiums

•For Accountability – For departments and individuals to account for what they have been allocated

•To avoid unnecessary purchases – Without organizations knowing exactly what they have, they are likely to make a lot of unnecessary procurement of assets

•Proper and accurate reporting-Organizations charge depreciation to departments and if proper records are not maintained, then some departments will be over charged or under-charged depreciation for the period.

•Other reasons are for Litigation, Disaster management, leasing control, Tax benefits via depreciation, security, due diligence and maintenance.

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