Is your inability to track your asset movement forcing you to pay too much use-tax?
Companies spreading across several jurisdictions face interesting tax problems. An asset will be subject to different tax rates or simply different kinds of taxes depending on which state it is being used in. Because of the lack of visibility on the asset movement, companies are not able to prove how long assets have been used in different jurisdictions and are forced to overpay taxes to insure legality. Lucky organizations are sometimes able to claim back taxes overpaid after the fact, but the level of information demanded requires so much effort it is sometimes not worth it.
Proper asset visibility empowers companies with the information required to prove how long each asset has spend in each jurisdiction, cutting dramatically the amount of tax they have to pay.
AssetManagerTM is an IT Asset Management (ITAM) system that will allow you to track your assets throughout their entire life, from the moment they are purchased to the moment they are disposed of.
With your asset movement information at the tip of your fingers, you will be empowered with the information required to file in a more aggressive tax report saving you significant amounts of time and money.