"AsseTrack" ASSET MANAGEMENT SOLUTION
With the seamless & easy to use "mob.assets" you can track your fixed assets through the user driven system that is designed to help organizations of different sizes, industries and single or multi locations to manage fixed assets and consumables from the point of requisition all the way to disposal.
We followed the common procedures that provide reasonable standards for compliance generally accepted accounting standards and allow for customization as may be required by individual organizations.
• Asset Requisition.
• Asset Requisition Approval.
• Supplier/s Management.
• Asset Creation / Entry.
• Purchasing Orders.
• Assets Receiving.
• Assets Health.
• Asset Transactions (Assignment, Rent, Depreciation).
• Asset Warrantee & Maintenance Contracts.
• Assets Upgrade, Sell or Retirement.
What are your challenges in asset management?
Size of organization and number of assets trebled (result of acquisition, growth, joint ventures), plus major store refurbishment program.
Upgrade of financial accounting system, need for integration with asset management system
Rapid growth of company, with no confidence in the manual asset registry
Distributed organization, regular review of depreciation rates, budgeting and forecasting
Keeping track of frequently upgraded and replaced assets, in environment with transient members population
Inadequate, complex and error-prone spreadsheet system.
All aspects of fleet management.
Financial control and management of all assets several countries operation
Control collections of items acquired for exhibition, record costs on projects such as new exhibitions, manage business assets.
Compliance with accounting requirements of Audit
The best way to cut costs is to stop spending money that you don’t need to spend. Here are some of the ways in which you may be spending money unnecessarily:
buying things you don’t need because you already have them
paying insurance premiums on non-existent items
‘losing’ equipment because of lax security
paying maintenance and licensing charges on software which is no longer installed
paying lease penalties because leased equipment is not properly controlled
Independent research has estimated that many companies are overspending by at least 20% because of under-utilisation, inefficient maintenance and petty theft of their assets.
Why asset management
Acquiring, maintaining, distributing, safeguarding and administrating your fixed assets should start from and ends in supporting your organization mission, goals, and objectives. Minimize the cost and maximize the utility of the assets acquired.
Professional fixed asset management is a complex matter, involving organization’s operating rules and regulations, administrative laws, recommended accounting practices and designated procedures. The organization must also ensure that "enough but not too much" capital equipment is available. Management controls over the recording, reporting, and safeguarding of assets are also necessary.
Why AsseTrack for control over assets:
The equipments, tools and furniture made available for organization members from all levels to use are the property of the organization and represents a major figure in its financial statements. Which make a proper tracking over those assets as a mandatory procedure to be followed without interruption to the organization core business. Our system is made to make it easy for organizations to maintain best practice in assets management and tracking, with easy to use user friendly self customizable system.
© Mobility Eye 2011
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