Tracking and Managing Fixed Assets Throughout the Asset Lifecycle
Verasset provides fixed asset management best practices consulting services.
Our Fixed Asset Management professionals can create a comprehensive program that will empower your business to effectively track, manage, and report on your fixed assets throughout all stages of the asset lifecycle.
The process entails an in-depth review of current processes, automation tools, and roles that impact the asset lifecycle. We then recommend and implement adjustments to the various processes, procedures, roles, and tools to facilitate effective fixed asset management.
Asset managment represents a methodology used to track and manage fixed assets. It emcompasses not only technology, but processes and accountability across the roles that manage them.
As each organization is unique, with its own needs and strategies, the ideal asset management process can vary from one to the next. 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, this is a result of failing controls, both procedural and 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.
Asset Management Objectives
- Asset Value and Depreciation
- Purchase Rquests
- Asset Receipts – licenses, leases, contracts
- Vendor Service Levels
- Departmental and User Data
- Physical User Attributes
- Asset Value
- Procurement Sources
- Asset Location
- Budget and Cost Allocation
- Support Contracts
- Lease and Term Expirations
- Useful Life
- Replacement, Replenishment, Refresh Cycles
- Depreciation Schedules
Review Lifecycle Stages
- Operations / Maintenance
- Financial Management
We are available via telephone 8:30am-5:00pm (EST) Monday-Friday
100 Webster Street, Manchester NH 03104
+1 (877) 219 5532