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Asset Management & Physical asset auditing service

Asset verification and auditing is critical and mandatory as per compliance. Whether your assets are fixed or movable they can be managed much more efficiently in a paper free environment. Auditing fixed assets is extremely important to ensure that accounting for capital assets and depreciation is in compliance with management’s objectives. Physical asset auditing is needed due to:

  • Cost optimization
  • Business discipline
  •  ESOP
  • Merger or Acquisition
  • Public Listing
  • Compliance requirement (OCC Regulation 12 CFR 9, US GAAP  Clause 4(i) of CARO, IT ACT 2008, Section 16AB of the Audit Act 1994-Melbourne
  • Best Practices
  • ISO 27001:2013 Asset handling and labeling policy
  • ISO 50001 Asset management

ITM along with  Nextmegabyte delivers a professional range of services. We’re here to help you keep track of every asset you manage, whether movable property or mechanical and electrical fixtures and fittings. From supplying hand held terminals and tablets with preloaded software for your own roll out, to a bespoke service with onsite training or custom reports, or an off the shelf program. We make sure you get the most appropriate solution for your needs.

Physical Asset Auditing

Asset Auditing using mobile

Working together, you can manage your assets much more efficiently. This includes making the data visible by site, category, or room, along with many other categories and options, and accessible 24/7 from anywhere.

We deliver a professional range of services to:

  1. Take the headache out of internal inventories and audits
  2. Discuss your requirements and consider what’s best for your budget & circumstances
  3. Demonstrate a practical system of tags, scanners and software communicating in real time at your premises, or by webinar
  4. Tag & log asset details, creating an initial asset register, clean existing data and check for consistency
  5. Offer an optional replacement value service for insurance and balance sheet purposes
  6. Supply hardware and generic or custom labels for your complete solution
  7. Import your data and set up each user’s access to the online program
  8. Train key staff in all aspects
  9. Provide technical support or make further visits if needed
  10. Display the location and status of any item you own
  11. Build a lifetime picture of maintenance records and responsibilities
  12. Keep your asset information highly secure, backed up to ISO27001 standards
  13. Facilitate continuing management and ensure you stay compliant with industry regulations
  14. Cost saving opportunity report
  15. Alternative solutions and best practices report

Read more on NextMegabyte & Understanding Asset auditing

How Asset management can save cost?

How Asset management can save cost