Top Fixed Asset Management Stratgies
Fortify and amplify your business
Close management of fixed assets is a necessity for large, asset-heavy enterprises. This report investigates the motivators, benefits, and impacts of tracking these resources using fixed asset management strategies.
Managing fixed assets is one of the many accounting tasks businesses must complete monthly. In today’s competitive market, it is more important than ever for companies to minimize their compliance risks by properly depreciating these assets. Failing to adhere to correct depreciation schedules can create ghost and zombie assets — two antagonists that can cause detrimental noncompliance consequences.
When used effectively, fixed asset management (FAM) technology can help insulate businesses from these risks.