Find Out Your Personalized ROI for Fixed Assets Software Instantly
Business wisdom states that better financial insight leads to better agility, and that better efficiency leads to significant savings in time and money.
So why are you still subjecting yourself to siloed data and slow processes when it comes to managing your fixed assets?
Fixed Assets software can reduce your accounting labor costs and help identify where your business is overpaying taxes and insurance premiums. But the ROI for Fixed Assets software will be different for every company.
Does Your Current Fixed Asset Setup Hide Hidden Dangers?
Let’s be honest here: this is boring accounting. As a result of these inflexible deduction amounts and lengthy timelines, many busy accountants choose to automatically depreciate fixed assets year in and year out. They straight-line deduct your assets over and over and over for decades.
This setup saves time, but it can be dangerously expensive for you.
If your F&A team is automatically depreciating fixed assets that turn out to be lost, damaged, or stolen, your business will overpay on taxes. Depending on the asset, you may also overpay on insurance premiums too. This eats into your cash flow.
Of course, your team could have precisely the opposite setup. Accountants at your company may be very diligent about finding and reconciling the status of every fixed asset on the books every year.
This can also be dangerously expensive for you.
Though this setup results in fewer ghost and zombie assets, it can significantly increase your labor costs. After all, most companies rely on inventory tracking logs, manual data entry, and spreadsheets to track their fixed assets. Manual processes and tools eat into your productivity, especially if these manual reporting processes are repeated by your staff every month. Not to mention potential for errors in formulas that have to be updated monthly on all assets for depreciation.
Purpose-built Fixed Assets software can eliminate both of these costly issues – granting you the comprehensive insight you need without the hassle of manual data entry or time-consuming tracking activities. For many businesses, this results in a fast ROI for Fixed Assets software investments.
But does Fixed Assets software make sense for your company?
Discover the ROI for Fixed Assets Software at Your Business
Not sure if Fixed Assets software is right for you? Use this handy calculator to find out how much your business could save in the first year of using Fixed Assets software.
To determine your personalized ROI, you will enter in the total cost of your depreciable fixed assets and adjust potential overpayment percentages. Then you will see your tailored ‘What If’ scenario, custom-fit to your company’s situation.
Serving clients since 1985, Paragon International, Inc. provides independent, impartial and accurate cost segregation analyses, and property valuations and appraisals to assist in and support decisions related to taxes, risk management, investment, financing and corporate planning. Our consultants have extensive fixed asset experience – they’re fixed asset experts. Because of that we are able to offer a unique combination of irreplaceable human resources and advanced technology. We have specialists experienced in valuing closely-held securities, patents and other intangible assets, business enterprises, buildings, equipment and real estate. In addition, Paragon provides complete inventory and asset management services and solutions, including software customization and training, barcode labels and scanners, and tailored inventory services such as data conversion and integration, asset inventories, asset policies, cost reconciliation, and appraisal services. Contact Paragon International to discover how we can help you.