Fixed Asset Management
It’s not easy to manage fixed assets. The movement of assets and the addition of assets should be recorded properly. Many businesses face significant challenges in tracking the location, quantity, condition, maintenance, and depreciation of the assets.
Our experts will help you manage your assets professionally and keep track of your assets. Our expert team will help you classify assets and sub-assets based on the hierarchy, location etc.
Be it a small or large organization, service or manufacturing, fixed assets are an integral part of every business. It is important for every business to have a fixed asset register and maintain it properly. It helps business to reduce cost, detecting and preventing from fraud, maximize your asset value and in decision making.
Our services include preparation of fixed asset register, fixed asset management, fixed asset reconciliation and asset tagging service.
Benefits of having a fixed asset register
* Calculation of annual depreciation
* Helps in keeping a track of your assets
* Will help in proper budgeting and cash flow regarding maintenance of assets,
upgrading assets and replacement of assets
* Prevention of fraud and theft of assets
* Helps at the time of audit for credible opinion on assets
* Helps to organize and keep the complete listing of the assets
* Contracting
* Developers
* Hospitality
* Manufacturing
* Health Care
* Trading and Warehouse
Fixed Asset Reconciliation
Every business must have an accurate record of fixed asset for making sound business decisions and ensure that there is no excess spending on fixed asset. It is very important to have your fixed assets reconciled periodically to ensure that the assets are intact and utilized. It also helps to locate the unused assets, missing assets and obsolete assets.
HOW WE CAN HELP YOU?
Our expert team will help you manage your fixed assets professionally by reducing time and cost. From preparing an asset register to managing it regularly by tracking the movement of assets, our team has proven records in managing large number of fixed assets of clients spread across various industries such as:
Asset Audit (FAIR)
Our flagship Fixed Asset Inventory and Reconciliation service is a comprehensive approach that cleanses and fortifies your fixed asset register to establish a stronger foundation for effective fixed asset management. In addition, fixed asset inventory and reconciliation services provide the necessary data visibility to avoid the risk of non-compliance with financial, tax and regulatory issues.
Asset Verification and Tagging
We physically verify and brand your asset with Unique Asset Id (UAID) by means of barcode or RFID tags. These tags can be in compliance with requirements of various authorities like STPI or SEZ. We tag the locations like workstations, cubicles and conference rooms. This enables locating and grouping of assets based on location hierarchy.
We will help you tag your assets to keep track of it. From bar code tags to metal and most sophisticated RFID tags which can track asset movements.
Asset Inventory
Al-Falah delivers baseline inventory projects with superior quality, in a concise timeframe, and with minimal disruption to your operations environment. The baseline inventory data delivered is highly accurate and complete. In addition, unique asset tag numbers (e.g. barcode, RFID, etc.) are affixed to each asset and correlated to the asset records to further enhance the effectiveness of managing assets. Al-Falah’s highly developed processes and understanding of the political and workplace issues leads to unparalleled customer satisfaction.
Enterprise Asset Management
We physically verify and brand your asset with Unique Asset Id (UAID) by means of barcode or RFID tags. These tags can be in compliance with requirements of various authorities like STPI or SEZ. We tag the locations like workstations, cubicles and conference rooms. This enables locating and grouping of assets based on location hierarchy.
Al-Falah provides superior baseline asset inventory & tagging services to organizations across all industries as the first step to implement Enterprise Asset Management. The asset inventory data becomes the foundation for efforts to limit capital spending, optimally utilize capital assets, mitigate maintenance & repair expense, and control a variety of other operational aspects of physical assets.