Archive: Sep 2012

Importance of Fixed Asset Management for Municipal Infrastructure

Throughout the year, weather conditions, overuse and more can wear out infrastructure in towns and cities, while many municipal governments often struggle to keep up with regular maintenance practices. As most public sector officials have myriad responsibilities to worry about, the consistent and accurate handling of all property, plant and equipment holdings can be cumbersome. Officials can benefit from the use of fixed asset management tools to handle their infrastructural responsibilities, as these solutions help streamline the effort of keeping all valuable properties in check. Whether for roadways and utilities or facilities and equipment, fixed asset solutions can create a…

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Fixed Asset Management in the NFL

Out of all the sports played in the United States, professional football is one of the ones with the most equipment. From stadiums and practice facilities to headsets and helmets, officials of the National Football League have myriad fixed assets to manage throughout the season. Starting small – although football is not for small people – pads, helmets and cleats are extremely expensive, and not difficult to misplace or break. With some players weighing more than 300 pounds and colliding like wrecking balls, helmets and pads are likely to deteriorate rapidly, making fixed asset tracking and assessing crucial. Further, the facilities where…

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Importance of Fixed Asset Tracking in IT Companies

Information technology (IT) companies have among the most valuable equipment in the manufacturing world. Take a company like Apple that manufactures everything from applications and other software to giant servers and databases. Not only are all the products highly valued, many are small and fragile. With fixed asset tracking solutions, IT companies can avoid the headache of losing pricey equipment somewhere in the supply chain, as all of the pertinent information will be in one central location. Additionally, all of the necessary depreciation and inventory-keeping data can be integrated with tracking solutions for a truly comprehensive management system. Another major issue that…

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Three Tips to Strengthen Your Fixed Asset Management

No matter what industry a company competes in, strong fixed asset management practices can make the difference between failure, survival and success. In today’s highly competitive economic conditions, all holdings must be accurately and efficiently accounted for, recorded, tracked and reported. Luckily for business owners, there are several proven practices and solutions out there to strengthen fixed asset management at a firm of any kind. These considerations can ensure that the entirety of asset management is efficient and accurate, allowing business owners to focus on other facets of their companies’ operations. 1. Focus on the finer points of planning Fixed asset planning is…

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Why Fixed Asset Tracking Software Benefits Startup Companies

In recent years, many businesses have fallen victim to soaring operating costs and poor management of fixed assets. This combination results in conditions that are incredibly difficult to overcome, especially when fixed asset management problems are clear to clientele. Luckily, fixed asset tracking software is available, and can be used right from the launch of a new company. Whether a firm is expected to have a high or low volume of assets, tracking software will allow business owners to be sure that all decisions regarding finances and holdings are made in an informed manner. This bolsters the efficiency and accuracy of fixed asset management, and…

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