by Verasset | Mar 10, 2014 | Asset Life Cycle, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Latest News, RFID, RFID Labels
If you are considering an automated means to verify and track your fixed assets, RFID (radio frequency identification) might be the right solution for you. In this blog series, we will identify the benefits as well as the potential drawbacks with this technology. To...
by Verasset | Mar 7, 2014 | Asset Life Cycle, Capital Asset Management, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
A common set of benchmarks are used to plot the maturity of an organization’s asset management program. Using benchmarks provides a means to determine the current state of your program based upon the experience of others. Benchmarks also help to set reasonable...
by Verasset | Mar 5, 2014 | Asset Life Cycle, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Register, Latest News
Automating asset management activities represents an important control. Typically this relates to the capture and reporting of information. However a better approach is to apply automation at the workflow level and as a means to automatically force compliance with...
by Verasset | Mar 4, 2014 | Asset Life Cycle, Capital Asset Management, Fixed Asset Management, Fixed Asset Register, Latest News
In order to identify the classes of expensed/non-capitalized assets to be tracked and included within an asset management program, you must establish a set of criteria. For example, assets that contain confidential information need to be controlled. Assets susceptible...
by Verasset | Mar 3, 2014 | Asset Life Cycle, Capital Asset Management, Fixed Asset Management, Fixed Asset Register, Latest News
The term asset management is used to represent a system of internal controls designed to safeguard and track the property of an organization. Most organizations have a policy to capitalize only those assets which cost more than a specified amount and expense all...
by Verasset | Feb 28, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
Generally speaking, a fixed asset register is intended to be used for depreciation reporting – not for tracking physical assets. Consequently, the vast majority of registers either don’t accommodate the detail needed to track assets or the personnel who maintain a...