Asset management represents a methodology used to track as well as manage fixed assets.
Asset management activities process assets throughout their useful life (life cycle) from procurement, through daily operations, and finally disposal. Equipment, desks, chairs, computers, vehicles, and property are a few examples of fixed assets.
Asset management involves tracking the physical location of assets, managing demand for resources as well as financial accounting tasks such as amortization.
Since every organization is unique, with its own needs and strategies, the ideal asset management process for each organization may differ. Verasset’s asset life cycle consulting service is designed to help refine and optimize internal asset management processes in conjunction with industry-recognized best practices as well as the deployment of automated tools.
The foundation of the service is predicated on discovery and problem solving. The problem is either a lack of information, or inaccurate information. In either case, it has been our experience that both are as a result of failing controls, procedural as well as logical.
Verasset holds an Asset Management Workshop as an integral part of our consulting service. This workshop is used for discovery and to gain an understanding of current internal controls, and to recommend improvements, based upon the best practices in use today.
We were incorporated in 2003. Our first client was a large technology company with server farms located around the world. Our job was to take inventory of those servers and help our client develop a sustainable system to manage their assets.
We have provided fixed asset inventory services in all 50 United States. We have sales representatives in the northeast, southeast, and west coast. Our service teams are based out of New England and routinely travel to client facilities to deliver our services.
We offer our services around the world and assign a central point of contact to manage each project, regardless of time zone.
We have conducted physical inventory on 6 continents (Antarctica is not one of them). Our service engagements are offered on a fixed fee basis, which is based on the locations and the assets that are in the scope of work.
We inventory and asset tag hundreds of thousands of fixed assets every year. Contact Us to learn more about our services and get a quote today!