by Verasset | Mar 11, 2014 | Asset Life Cycle, Capital Asset Management, Fixed Asset Inventory, Fixed Asset Management, Latest News, RFID, RFID Labels
The first considerations concerning the use of RFID are factors that can impact reliability. A basic RFID system will include am RFID tag and an RFID reader. The tag is comprised of an embedded electronic chip that is used to store information and an antenna that is...
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 6, 2014 | Asset Life Cycle, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Register, Latest News
Controls are necessary in order to ensure that asset management is occurring and as expected. There are many ways to achieve control and they will vary throughout the asset life cycle. For example, controls that apply to acquisition will differ from those of...
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...
