PHYSICAL INVENTORY SERVICES

Verasset is an industry leader in fixed asset inventory services across a wide range of industries.

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FIXED ASSET RECONCILIATION

Verasset performs floor-to-book reconciliation of the fixed asset register supporting financial reporting requirements.

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ASSET LIFE CYCLE CONSULTING

Verasset offers recommendations for re-engineering business processes using industry best practices.

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ASSET REVIEW

Fixed Asset Diagnostic Review - As an important first step, we conduct a diagnostic study of existing fixed asset records such as registers and ledgers. As a result, we are able to identify areas needing improvement and where to place emphasis during the physical verification stage.

ASSET INVENTORY

Fixed Asset Inventory - Conducting periodic physical verification of fixed assets is an essential internal control. The inventory team should be independent and not have a vested interest in the results. The physical inventory should be completed quickly to minimize asset movement.

ASSET VERIFICATION

Fixed Asset Verification - Our approach to verification is to conduct a line-by-line reconciliation of fixed assets accounting records to assets found during the physical inventory taking process. The service is designed to help organizations comply with Sarbanes-Oxley (SOX), GASB, and Audit requirements.

ASSET CONSULTING

Asset Life Cycle Consulting - Conducting an objective review of a client’s fixed asset business practices, including procedures and record-keeping methods, helps to uncover hidden deficiencies within their asset life cycle.

Professional Fixed Asset Management Since 1994

Verasset Corporation is a global leader in full life cycle asset management solutions. We integrate professional physical inventory services, cutting edge software systems, and work with industry leading manufacturers to simplify automating the tracking and managing of asset throughout their lifespan.

Verasset was the services arm for an asset management firm specializing in asset tracking software systems, incorporating cutting edge technology such as GPS, biometrics, and radio frequency identification (RFID), initially founded in 1994.

Professional physical inventory services went hand in hand with the asset management software suite. Companies needed to tag their assets and manage their inventory, but didn’t have the time, resources, or experience to do so.

Now a separate legal entity since 2003, Verasset continues to offer the same reliable professional services as most of the management, and service teams made the seamless transition to the new ownership.

Verasset is a small business with offices located in Manchester, NH, Wilmington, NC and Seattle, WA.

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DATA CENTERS

Improve efficiencies & reduce IT costs with an up-to-date inventory of your data center environment. Locate idle assets, ensure proper retirement & disposal of end of life assets

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INFORMATION TECHNOLOGY

Update asset management and help desk system records, improve the efficiency and response time for your IT support team, improve efficiency and reduce redundant purchases

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HEALTHCARE

Secure patient health information, ensure patient privacy, maintain compliance with regulatory and internal policies, locate critical assets when they’re needed most.

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GOVERNMENT

Verasset inventory teams hold government clearance and assist with improved IT support and GASB compliance issues and for Federal, State, and Local Governments.

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EDUCATION

Verasset works with K-12, higher education, and various state funded programs to assist with GASB compliance issues and improved IT support.

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MANUFACTURING

We have extensive experience in physical inventory and reconciliation of manufacturing equipment, components, tooling, vehicles, furniture and fixtures.

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TESTIMONIALS

  • We (NetApp Inc) have been utilizing Verasset’s services for over 5 years.  Due to their high quality of work at reasonable prices, we have continuously engaged with this organization for our physical inventory and reconciliation needs.  Adam Vinecombe, especially, has been providing excellent customer support and accommodating the many changes in direction we have proposed without hesitation.  With his long history of experience, he has provided helpful insight on issues we encountered during the larger engagements, to help NetApp make better informed decisions on how to resolve the situations.  He has made himself available for last minute ad-hoc meetings and requests in a professional manner.  It is a pleasure working Adam and Verasset, and we look forward to the next engagement.

    Rick S.
    NetApp, Inc.
  • Verasset performed a physical inventory of our fixed assets in July of 2011. Their team completed an in-depth scoping exercise which was used to determine the scope of work and enabled them to provide the various RFID tags that they applied to our assets during the inventory. Upon completion of the inventory and tagging effort, Verasset appraised our assets and provided us with a formal report of their findings. The Verasset team, which I found to be professional and detail oriented, completed the physical inventory on time and within budget.

    Manhal Bou Karroum
    Finance Director Qatar University
  • Verasset performed a physical inventory of our fixed assets for the Town of Jay. We found the team to be courteous and professional while on site in our facility. They were always polite and respectful while performing their inventory, allowing my office staff to continue work without interruption. I highly recommend Verasset’s services when awarding a physical inventory bid.

    Randall T. Douglas
    Supervisor, Town of Jay
  • I’m glad we went with Verasset for the physical inventory of fixed assets at our Corporate headquarters. The Director of Service Delivery was an absolute professional to work with – he followed up on our request quickly and responded to questions promptly. Verasset was able to turnaround a proposal for services immediately so we could make our decision in a timely manner, and the cost was very reasonable for the work that had to be done. The inventory count was done in the time specified, and the inventory data was provided as expected – we were able to use it easily to reconcile against our fixed asset sub-ledger. We are using Verasset for our other facilities across the U.S., and I would highly recommend them to anyone in need of fixed asset inventory services.

    Steven Azevedo
    CRC Health Group
  • We are a small long term care nursing facility that contracted Verasset to conduct our periodic fixed asset physical inventory. They delivered what they promised which was a professional staff, cost effective approach, and a quick turnaround on the results. Verasset made it happen!!

    Jeffrey Dasilva
    Seton Manor

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