Asset tags are the unique identification tags, which have entire information about the particular asset. All fixed and movable assets such as machinery, IT hardware assets,furniture can be tagged. Asset tagging performs a vital role in the process of asset management. Because, it is not only the printed label to highlight the asset name, user
Auditing will be more challenge if an organization don’t have the right preparation. When coming to the right audit preparation, you have to maintain complete, accurate, and up-to-date fixed asset records from the beginning of every financial year. Right audit preparation does not begin from the previous one or two months. Do you know that the
The fixed asset auditing procedure is for those assets, which expected to last more than one year, such as land, buildings, and equipment. If you are not having updated record for your fixed assets. Fixed asset audit need to done once in a year. First of all ,fixed assets are the primary resource for the
Asset Life cycle Management is the process of optimizing the profit generated by assets throughout its life cycle. Clean up the unwanted assets. One of the biggest and most celebrated festivals is New Year. New Year remarks goodwill and prosperity and this is the time for lights and decorations. Though there is different kind of
Compliance Management is the process of ensuring the given legislation and standard of an organization. Compliance management is not a single form. Some of them are Internal and external standards, policies, third-party audits, security controls and technological enforcement. If an organization failed to comply with these laws and standards, then it would lead to loss
Every piece of software needs maintenance. The more complex software, the more maintenance. Most of the companies waste their money on software maintenance and renewal spend without proper intelligent planning and execution. According to the Forrester Global Tech Market Outlook 2018-2019, an estimated value of software market to be worth $688BN in 2018, of which
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