Asset Tracking

 Asset Tracking

In the current financial status,progressively companies are requiring asset tracing and recovery services to find mislaid or hidden assets. When I start asset recovery for a IT departmental for a MNC, thanks to the IT VP's support, I was able to recover a huge list of asset. Some of the assets were as old as the organization itself and many lost assets were found like mobile laptops etc. For such a large, multinational corporations, tracing and recovery work was conducted across borders and demanded a deep understanding of jurisdictions and asset management.

Imagine increase from a few hundred to a few thousands in assets, that's a immense number. We can envisage the cost saving impact it had, many of the equipment were absolute and AMC was being paid based on the old record, many of the assets were really duplicates, so again financial loss as AMC and Insurance payment made twice for the same asset. Not to forget the total insurance cost involved, and when you want to claim the insurance based on your records, the records will let you down and that can turnout the every reason for insurance company to deny the payment. All this is just a lilliputian view of the immense fiscal loss.

For Fixed Asset Software & Inventory Management, the asset inventory shouldn't be left to chance or to amateurs. There's no room for error when you need a precise picture of your company's fixed assets. Knowing exactly what you have could save you thousands or even crore's of rupees in taxes, AMC, insurance costs and the shame of legal action in-case you are caught with pirated software in you property.

Benefits of Asset Tracking

An asset tracking solution offers each functional unit in the organization several benefits, examples of which are provided below.

• Information Technology - with accurate technology trend information, IT decision makers can improve the planning and budgeting of departmental and corporate IT asset changes. Additionally, they can actively audit the enterprise for violations to predefined standards.

• Finance - with automated asset inventories, organizations can eliminate laborious and costly physical inventories, prevent the embarrassing variances between the fixed-asset accounting system and installed assets, and produce more accurate financial reports.

• Purchasing - with information on the true cost of software upgrades, decision makers can better budget, plan, and manage software purchases, leading to an improved return on investment.

• Security - with information on suspicious asset activities, such as missing memory, computer hard drives, etc., the security staff can take the appropriate action to protect the organization and its resources.

• Service Desk - with access to users’ hardware and software configuration changes, as well as network infrastructure information, support staff can resolve technical problems faster, removing technological obstacles to end-user productivity.

The following examples highlight the value of asset tracking to the enforcement of desktop configuration standards and to service desk support operations. While these examples focus on only two asset management areas, asset tracking is essential to every facet of lifecycle asset management.

Because it should be handled by persons who specialize in fixed asset tracking for fixed assets. I  will provide the best available asset knowledge of tracking. If you find it difficult to where to start, take help consultants, Who has done a similar excise and who will honestly and genuinely work for your benefit.

In case you need consultation write to me at gkarvindr@gmail.com