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 required. Especially efficient Asset Management tools. Because most of the companies waste their money on software maintenance and renewal spend without proper intelligent planning and execution. Here is the Asset Management firms in maintenance and renewal process survey results. According to the
Nowadays Asset Management is one of the difficult processes due to the increasing size of the organization, employee turnover, software compliance, lack of standards etc. But still, most of the companies are not really ready to go with the latest Asset Management Software’s because of the expensiveness. IT Asset Management Software(ITM) is a cloud-based application,
Procurement Management is one form of management, where goods and services are acquired from a different organization. In a simple form, it is the process of physically buying a product or service. Is there any special reason to use this form of management to acquire goods and services? Yes, Procurement management is known to help
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