Asset Inventory and Reconciliation Services for Sarbanes-Oxley Compliance

When Congress passed the Sarbanes-Oxley Act, it sought to improve corporate governance of public corporations and reduce fraudulent reporting. The Act places new reporting burdens on corporations and imposes penalties for non-compliance. Chief Executives of public companies must personally certify the integrity of financial reports, as well as the procedures and systems used to create […]

read more

Addressing Complex Business Issues With Asset Inventory Services

Verasset provides a specialized value offering that extends beyond simply counting items. We specialize in tracking and managing fixed assets, with a focus on enabling clients to become self-reliant without having to rely on the assistance of external professionals. Over the last decade, Verasset has learned that in order to bring lasting value to its […]

read more

Verasset Installs and Supports 50 RFID Portals

Verasset is proud to announce that it has been awarded an engagement to implement an RFID sensor network. Adam Vinecombe, Director of Services at Verasset, stated “RFID adopters should seek companies with a solid track record of performance. When it comes to implementing practical, scaleable RFID solutions that can deliver a sustainable return on investment, […]

read more

Verasset Physical Inventory and Reconciliation Projects

Verasset inventory service teams have had a busy summer completing physical inventory and reconciliation projects for a diverse customer base. Recent Projects include: July 2013- Completion of a nationwide physical inventory of nearly 40,000 IT assets for the federal government across 25 geographic locations July 2013- Physical inventory and FAR reconciliation of capital assets for […]

read more

Senior Consultant to Verasset Publishes Book on Optimizing the Asset Lifecycle

A senior consultant to Verasset Corporation, has published a book titled Optimizing the Asset Lifecycle. Brad Vinecombe has worked in the asset management and tracking industry for over 20 years, having founded, run, and sold several businesses and products related to the content within his new book. Vinecombe acts as a senior consultant to Verasset […]

read more

Upcoming Inventory Service Projects

Verasset has been awarded multiple projects that will keep our inventory service teams and consultants busy over the next 6 months. A few highlights include: Installation of over 100 fixed RFID readers throughout multiple facilities Inventory of fixed assets and product for a California State agency spanning from San Diego to San Francisco Coast-to-coast physical […]

read more

What are Fixed Assets

Fixed assets are items of personal (moveable) property with an estimated useful life of more than one year. Examples of fixed assets include furniture, fixtures, equipment, computers, vehicles, and similar items of personal property. A fixed asset does not lose its identity through incorporation into a different or more complex device. In contrast to “inventory” […]

read more

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 […]

read more

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 […]

read more