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Fixed Asset Management

Pain Points

  • Untagged Assets resulting in loss of complete/ partial physical control on assets
  • Delays during audit compliance due to problems in physical verification
  • Audit qualifications for inadequate controls over physical asset management

Step1:
Company provides Asset List from ERP

Step2:
Generation of Bar-code Asset Labels through FAMS

Step3:
Affixing of Asset Labels

Step4:
Periodically scan asset labels and provide physical variance report