Fixed Asset Management Solutions
Physical Asset Verification (PAV) To Fixed Asset Register (FAR) Reconciliation & Automation Solution
Organizations invest significantly in fixed assets, necessitating assurance of shareholder funds and efficient management of inventory. At SPC NXT, our experienced team analyzes your current asset management landscape and automates processes through our solutions. We ensure compliance, provide daily transaction monitoring, and generate essential management reports, granting you full control over your assets and compliance.
Current Challenges and Requirements
Fixed Asset Register (“FAR”) containing multiple assets manually prepared & maintained using a spreadsheet.
FAR is not updated timely for changes to user, location, and condition of assets.
The approval process and documentation on are manual. The audit trail is missing.
Mismatch in employee-wise mapping with Finance FAR & IT Asset records.
Manual scheduling of physical verification and reporting, and no asset tagging.
Software, Services and Hardware For 360° Asset Management Tracking
Software Suite
- Asset inventory and tracking
- Asset transfer, retirement, and allocation
- Hardware and Software asset management
- Asset maintenance operations
Professional Service Suite
- Preparation and clean-up of fixed assets register
- Asset verification and tagging
- Asset management as a service
- SOP implementation, review, and reporting
Hardware Suite
- Asset Tags -Barcode, RFID, GPS, or BLE tags depending upon the tracking objective
- Tag customization depending upon the environment, asset nature and use, asset life
- Readers and infrastructure
- Integrating ERP system with IT System to create 360 Degree view of the Asset life cycle from procurement to Disposal
Technologies To Solve Asset Management Problems
Fixed Asset Inventory Software
Validate the existence of an Asset accurately by transforming the asset inventory and reconciliation functions
- 100% accuracy in Asset Inventory
- 90% saving of time, money, and effort
- Better control over assets a with Centralized asset repository
- Increased asset availability and utilization, Audit, and regulatory compliance
Fixed Asset Inventory Software
Fixed Asset Tracking Software
Fixed Asset Tracking Software
Track the location, user, and condition of the assets. Automate the documentation and approval workflows with respect to asset transfer, retirement, and assignment functions
- Over 99% asset register accuracy
- Reduced time in asset location
- Better accountability of asset ownership and custody
- Better documentation and approval workflow
- Decreased cost of maintenance
- Reduced insurance premium
Asset Maintenance Software
the asset maintenance function
- CMMS access on Android and iOS apps
- Auto assignment of work order
- Configurable approval and Escalation matrix
- Track time spent on the orders
- Access to equipment manuals, checklists, and instructions on mobile
Asset Maintenance Software
IT Asset Management Software
IT Asset Management Software
Track IT Hardware and Software assets and reconcile network information with the finance asset register
- Automated asset discovery and tracking
- Better utilization of assets
- Improved ITSM
- Better control and compliance
- Improved reconciliation between asset information of finance and IT
- Reduced insurance premium
Asset Tracking Support Services
Fixed Asset Register (FAR) Creation and Update
- Creation of asset components/ groups for physical tracking
- Rectification of asset name, description, asset class, and other capitalization errors
- Invoice/document verification wherever required
Asset Verification & Tagging
- Identification & Physical verification of assets
- Classification into Verifiable & Non-Verifiable Assets
- Asset Tagging -Barcode, RFID & GPS tagging
Managed Services Reconciliation
- Onsite and offsite support for complete asset management
- Management reports for timely action and informed decision making
- Reconciliation of Asset information of various departments
- Reconcile physical with books
- Reconciliation of Missing and Additional assets
Asset Tracking Policy
- Asset Onboarding
- Tagging & Inventory
- Transfers & Disposals
- Assignments
ERP Integrated Comprehensive Asset-Tracking Solution
Fixed Asset management Dashboards
SPC NXT's Workflow
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