India

Conventionally, companies in India have been identifying their assets and using the age-old system of quantifying & tracing these assets during the verification exercises conducted by them.

We enable companies to adopt a state-of-the-art process, by implementing barcode based and QR code-based asset tagging. We offer both Software & Implementation Services.

Our Implementation Services

Our implementation services include physical verification of the assets, followed by creation of asset register, generation of custom asset tags as per your requirements.

Implementation services not only enables asset identification with the tags, but also help you with the following:

• Physical verification of fixed assets

• Reconciliation of fixed asset register records

• Determination of “ghost assets”

• Fixed Asset Register (FAR) construction

• Componentization of assets

• Managed asset tagging and labeling

• Inventory verification

• Asset Retirement Obligation (ARO) & Fair Valuation

• Ensuring compliance with accounting standards IAS 16 and AASB116 Property, Plant and Equipment

• Valuation of Property, Plant & Equipment

Volition LLP has assisted BSE 500 companies across Mumbai, Bangalore, Gurgaon, Delhi, Chennai, Kolkata, Hyderabad and counting with fixed asset management services like Asset Tagging, Physical Verification and Valuation.

Our other services include Compliance Advisory, Trade Advisory, Net Zero Services, XBRL Services etc.