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Fixed Asset Tracking

Fixed Asset Tracking

Tracking fixed assets is an important concern for every company. By definition, a fixed asset is any “permanent” object that a business uses internally – test equipment, computers, laptops, mobile phones, spare parts, files, legal documents, inventory, medical equipment, and other expensive and difficult to replace items.  While many employees utilize and access these assets, they ultimately belong to the company and must be accounted for.  The lack of an accurate method of keeping track of these assets costs companies billions of dollars each year.
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Top 10 Asset Tracking Challenges

1.   Employees spend countless hours tracking down missing equipment

2.   Missing equipment must be re-purchased causing more expense

3.   Manufacturing and servicing operations slow down while equipment is located

4.   Assets are not accounted for after they are initially received

5.   Assets move from place to place but no change is made in the system

6.   There is no visibility as to where an asset has been moved

7.   Need to comply with GASB 34 or Sarbanes-Oxley

8.   Asset inventories are too difficult and time consuming to justify

9.   We have several "high-value assets" and we don’t know where they are

10.  Simply put – “We have no control!”

Fixed Asset Tracking Solutions

A successful fixed asset tracking solution requires:

1.       Extensive knowledge of asset tracking equipment, technology and printing supplies

2.       Technical competence to create custom asset tracking software applications, databases, and perform full system integration

3.       Breadth of experience to provide the service and support required for success