What is a Fixed Asset Management System?
Fixed Asset Management is the process of tracking and monitoring business-owned physical assets.
Every organization particularly asset-intensive organization rely on meticulous Fixed Asset
Management Software to cover multiple goals for their company’s possessions. These could
include;
Then our warehouse management system is going to be invaluable for you.
Minimal human error, maximum warehouse efficiency with Warehouse Management System
Very few off-the-shelf warehousing management software solutions minimize human error.
These software solutions assume that the ground staff is going to adhere to the rules whereas, in the real world, when hundreds of workers and thousands of products are involved, strictly stocking inventory as per the needs of the software application doesn’t exactly go the way it should.
- Real-time Tracking
- Monitoring equipment’s across multiple sites
- Optimizing Company’s assets to its full use
- Reducing maintenance costs and unplanned downtime
Organizational Challenges with Fixed Assets
- Unclarity on Assets location and numbers
- Multiple Assets usage with no ownership
- Ghost Assets on Outdated Records
- Duplicity of assets
- Absence of Formal Asset listing and evaluation
- Non-verified Insurance claims
- Uncalculated tax and repair pay on Company’s Assets
- No way to ascertain the quality of items from different vendors.
How does the Fixed Asset Management process work?
RS-ASSETMAN works comprehensively to provide asset management solution from start to finish.
Scope involves Quantifying the total task involved. Work Plan sorts expected deliverables and scheduling activities. Physical Inventory does the Barcode or RFID Tagging on the ground. Taking Inventory. Reconciliation involves mapping book and ground finding any discrepancies. A detailed Reporting for internal use and statuary purpose. AMC/Warranty, Insurance Period Tracking.
Accurate Packaging - Integration with weighing scale
For making retail packets of the items (Like nuts, berries, rice, etc.) if done manually there is bound to be weighing errors. Human tendency is to weigh slightly more. This slightly more in large numbers cumulatively becomes substantial weight, resulting in sizable financial loss. We have integrated the weighing scale with a label printer. Only when the weight is correct the label gets printed, thereby ensuring correct weight every time.
Items Covered by RS-ASSETMAN
Items Covered by RS-ASSETMAN
- Furniture & Fixtures
- Plant and Machinery
- IT Product (Hardware & Software)
- Vehicles and Buildings
Fixed Asset Management Advantages
- Reduces Capital Expenditure by optimizing usage of Assets
- Income Tax Savings with writing off un-used/lost assets
- Formal, Accessible Asset Software for easy Operational task
- Increase in Profit
- Centralized Attendance System
- Mobile App for Field Staff Tracking
- Canteen Management
- Contractor Management
- Workforce Optimisation during Shift Change
- Disaster Management
- Payroll Management System
