What’s happening at Verasset?

Verasset wraps up a busy first quarter completing inventory projects for a diverse customer base. Highlights include completion of: Wall-to-wall physical inventory and asset tagging of medical devices and IT equipment throughout over 350 urgent care clinics and administrative offices in 38 states. Verasset deployed 7 teams across the nation and completed the project in […]

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Physical Inventory for Urgent Care Clinics

Walk-in urgent care clinics are a convenient and time efficient means of getting the health care you need. Between a lack of available primary care appointments and lengthy ER visits, urgent care clinics are in demand. The ability to walk into a clinic with no appointment and see a doctor (often within less than half […]

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4 Reasons to Inventory Your Data Center

IT Asset Management entails detailed management of inventory, financial records, and contractual data related to the IT asset throughout its life cycle. IT Asset Management is a very complex topic. In this post, we will focus on IT Asset Management in the data center, specifically related to physical inventory verification. Verasset routinely performs physical inventory verification […]

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Conducting Physical Inventory – What to Count and How to Tag It

While it may seem straightforward to establish what types of assets need to be counted during physical inventory, most often, it is not. More often than not, the capitalization limit loses focus when individual assets that fall below the capital limit are bundled together as a capital line item on the fixed asset register. Further, […]

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Optimizing the Asset Life Cycle Entry 7 – Why Timing Matters

Simply put, timing is everything.  Clearly, as it relates to availability of information, decision-making can be impacted by availability of information needed to make a decision. In our last blog entry, we left off by discussing the timing of accounts payable being aware of the receipt of an incoming order. A delay here can trickle […]

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For a Limited Time Get a Free Barcode System With Purchase of Services

Verasset Corporation is offering a free asset tracking barcode system to customers that purchase their professional inventory services. The limited time promotion is in response to the increase in demand from smaller to mid-sized organizations for affordable barcode solutions. As these organizations grow, they acquire more equipment, and don’t have the means to track and […]

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Top 10 Reasons Organizations Are Conducting Physical Inventory

Regulatory Compliance- The number 1 reason we find that our customers need to conduct a physical inventory is regulatory compliance. Compliance issues vary depending on the organization, and can include; audit, Sarbanes Oxley (SOX) compliance for fixed assets, and GASB statements 34 and 35.While the rules and regulations vary for different organizations, the core principal […]

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Data Reconciliation and SOX Compliance

Verasset has just completed a physical inventory and reconciliation project for a 125 year old manufacturing company. The company is publicly held and is required to conduct a physical inventory every 3 years in order to be compliant with the Sarbanes-Oxley Act (SOX). SOX compliance also requires that the companies finance officers and auditors sign […]

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