Asset Tracking Systems – Inventory and Reconciliation Services

Asset Tracking Systems – Inventory and Reconciliation Services

Effective asset management means knowing: when assets are added, moved or disposed of.

Fixed asset management is a complex process. Keeping track of thousands of assets like computers, laptops, software, peripheral devices and office equipment is a challenge, especially when assets are added, moved or removed every year.

You might be wondering why you would even undertake such a large task. Asset tracking can help you:

  • Be audit-ready. Asset tracking systems enable you to generate accurate reports of where each and every asset resides in your organization.
  • Stop paying penalties for expired leases. Asset tracking systems keep you aware of impending deadlines for the return of leased equipment.
  • Save money. If you do not accurately track assets that have been disposed of, you could be paying higher taxes than necessary. Asset tracking can ensure that your financial records match your physical inventory so you are paying taxes on the actual value of your assets, not an inflated number.
  • Get better use of your equipment. Know where to distribute older technology. An asset tracking system helps you make better decisions about where new acquisitions are needed and where older equipment can still be used.

How does asset tracking work?

Effective asset management means knowing when assets are added, moved or disposed of. Gathering the data and creating a user-friendly database of asset information is a daunting task. You need to know which data to capture, where to store it and how to reconcile it.

Few enterprises have the expertise to do asset management right. Techtrack can help you get on track from the start, with our professional services:

Inventory Services provides you with an inventory all your physical assets, with the level of detail required to meet the needs of all stakeholders in your organization.

Fixed Asset Reconciliation matches your physical assets with your financial records, helping you with audit preparation and regulatory compliance.

Integration Services helps you connect the dots. Bring all of your asset information together and integrate it with your existing business systems. The end result is a single, clear picture of the asset landscape, accessible from any of your existing applications.

Contact us today to select the asset tracking services you need.