Uploaded on Aug 21, 2024
This document outlines essential strategies for effectively managing a fixed asset register, including regular audits, detailed categorization, and using advanced software tools. It highlights the importance of integrating asset management with financial systems for accurate depreciation tracking and compliance. Best practices for updating records and managing disposals are also covered to maintain register accuracy.
Strategies to Accurately Manage Fixed Asset Register
5 Strategies to Manage Fixed
ASSET REGISTER
Efficient and Accurate Tracking of Your Assets
www.terotam.com SWIPE
Implement Automation
Use a CMMS to automate Reduce manual
asset tracking data entry errors
Streamline
Receive notifications for
asset management workflows
maintenance
Access real-time updates and
comprehensive reports
Regular Audits
Schedule periodic physical inspections
Reconcile audit findings with your asset register
Identify discrepancies and prevent asset misplacement
Maintain data integrity and accuracy
Reduce the risk of asset theft
Staff Training
Train employees Provide instructions
on accurate asset on using the asset
recording and management
updating system
Educate staff on Emphasize the
handling QR code importance of
scanning performing audits
Ensure consistency
and accuracy in
asset data
management
Utilize QR Codes
Attach QR codes to each Access detailed
asset for easy scanning asset information instantly
Store data such as
Simplify the
asset name, purchase date,
management process
and maintenance history
Reduce human error in
asset tracking
Secure Data Storage
Use a cloud-based system with robust security measures
Protect data from unauthorized access and loss
Regularly back up your data
Use encryption to safeguard sensitive information
Ensure your asset records are always safe and accessible
Enhance your
Asset management today
with TeroTAM’s Cutting-edge
CMMS software solution!
Mobile No.
+91-9033053011
Website
www.terotam.com
Email
[email protected]
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