Asset Life Cycle Consulting

Fixed Asset Management Solutions for any Size Organization

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.

Asset Management Objectives

Tracking

  • Asset Value and Depreciation
  • Purchase Requests
  • Orders
  • Asset Receipts – licenses, leases, contracts, etc.
  • Vendor Service Levels
  • Warranties
  • Departmental and User Data
  • Physical User Attributes

Establish Conventions

  • Asset Value
  • Procurement Sources
  • Custodianship
  • Asset Location
  • Budget and Cost Allocation
  • Support Contracts
  • Lease and Term Expirations
  • Useful Life
  • Replacement, Replenishment, Refresh Cycles
  • Depreciation Rates

Review Life Cycle Stages

  • Planning and Procurement
  • Operations
  • Financial Management
  • Disposal

Verasset provides a variety of services and tools designed to assist each of these objectives. It is important to realize that asset management is primarily a process, and that technology and the use of automated tools is not an end-all.

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.

About Verasset

15

Years of Success

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.

50

States Inventoried

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.

Over 30

Countries Inventoried

We offer our services around the world and assign a central point of contact to manage each project, regardless of time zone.

6

Continents Inventoried

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.

Millions

of Assets Tagged

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!

 

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