Monday - Saturday
10:00 AM - 07: 00 PM
Fixed asset management is the process of tracking and maintaining an organization's physical assets and equipment. Organizations frequently use barcodes, QR codes, or RFID to help track their assets as they are easy to scan and to use with mobile devices.
Asset management services encompass a comprehensive suite of offerings, including:
Ensuring the accuracy and existence of fixed assets through meticulous verification processes.
Conducting precise assessments of inventory holdings to maintain optimal stock levels.
Implementing rigorous examinations of warehouse facilities to enhance operational efficiency.
Evaluating dealership operations to optimize performance and compliance.
Ensuring retail stores operate efficiently and adhere to established standards.
Utilizing advanced tagging methods to streamline asset identification and tracking.
Employing efficient tagging techniques to enhance inventory management.
Leveraging geographical technology for location-based asset tracking and optimization.
Implementing Radio-Frequency Identification technology for precise asset monitoring.
Deploying sophisticated systems for automated asset verification, reconciliation, GAP reporting, and Geo Tagging, ensuring operational excellence and compliance.
Our comprehensive fixed asset management services include:
Meticulous inspection of fixed assets through both wall-to-wall and blind verifications.
The creation of a detailed asset database, encompassing descriptions, make, model, serial numbers, and unique tag numbers for precise tracking.
Associating assets with their respective custodians for efficient management.
Ensuring strict adherence to statutory compliance standards as mandated by the Companies (Auditor's Report) Order, 2016 (CARO 2016).
Offering valuable insights and recommendations regarding asset disposal and impairment strategies.
Providing 100% physical verification services across India and on a global scale.
Our accomplished team boasts a wealth of experience, having successfully managed over 100 Fixed Asset Management projects.
Delivering comprehensive GAP reporting to bridge discrepancies.
Accurate reconstruction of Fixed Asset Registers (FAR) for precise record-keeping.
Meticulous mapping of invoices for streamlined financial record management.
Fixed asset management is a meticulous process aimed at monitoring and maintaining tangible assets for various purposes, including financial accounting, valuation, preventive maintenance, and theft prevention.
Organizations encounter substantial difficulties in keeping tabs on the whereabouts, quantity, condition, maintenance schedules, depreciation status, and valuation of their tangible assets. A widely adopted method for tracking these fixed assets involves the use of serial numbered asset tags. These tags are affixed to assets and are designed for effortless and precise scanning.
The asset owner can conduct asset inventory by employing a reader or Asset Management System (AMS) application. This process facilitates the generation of a GAP report that provides the following critical information:
Precise information regarding where each asset is located within the organization.
The exact count of each type of asset to manage inventory levels effectively.
An assessment of the current condition of assets, aiding in maintenance planning.
Tracking maintenance schedules to ensure assets remain in optimal working order.
Monitoring the depreciation of assets for accurate financial reporting.
Determining the current value of assets, which is essential for financial accounting and reporting.
This comprehensive approach to fixed asset management enhances an organization's ability to safeguard its investments, streamline operations, and maintain financial accuracy.
Monday - Saturday
10:00 AM - 07: 00 PM
Phone Number
+91 8884444788
Corporate office
567/1, Burugal Mutt Road, VV Puram, Bangalore