United Kingdom

In the traditional approach, companies maintain fixed asset details in their accounting software along with supplier information. Asset details are recorded when an asset is purchased or capitalized in the accounting software.

As companies continue to accumulate assets, managing them becomes challenging, especially when reconciling assets for calculating insurance premiums or during year-end audits.

We offer companies a cutting-edge solution for asset management by implementing Barcode/QR code/RFID/NFC-based asset tagging. Our software solutions simplify and streamline fixed asset tracking. By using barcodes, QR codes, or RFID tags, our software enables easy scanning and tracking of assets. Our software also provides features for tracking asset location, usage, maintenance history, and depreciation, among others.

Our Implementation Services

Our implementation services include physical asset verification followed by the creation of an asset register and custom asset tags as per your specific requirements. This not only facilitates asset identification using tags but also helps with:

• physical asset verification,
• reconciliation of fixed asset register records,
• determining "ghost assets,"
• constructing a Fixed Asset Register (FAR),
• componentization of assets,
• managed asset tagging and labelling,
• inventory verification, and
• Asset Retirement Obligation (ARO).

Our services ensure compliance with FRS & IFRS standards and fair valuation of Property, Plant & Equipment. We have successfully worked with companies across the UK, Ireland, and Jersey.