Recent Articles

Modern fixed asset software needed

Using software to track fixed assets can be a necessary tool. Whether shipping equipment across the country or overseeing multiple warehouses, the software can identify where every asset is and where it should be going. Cloud computing makes this technology even more important, as information can be uploaded and seen by people all over the world. But there are also dangers involved with using fixed asset software. Hackers can break into the system and see all of that private information. Criminals can intercept shipping jobs and make away with valuable merchandise. Even strong security measures aren't enough sometimes. The fear of…

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Prison riot causes $20,000 in property damage

Fixed asset management is an effective way to keep track of the fixed assets necessary to keep a facility running. In the event that property is damaged, organizations can quickly assess possibilities for replacement. Harm to property can occur unexpectedly, so organizations need a system in place that allows them to quickly replace crucial items. A recent riot in an Arkansas prison caused thousands of dollars in damage to fixed assets. At the W.C. "Dub" Brassell Adult Detention Center, approximately 80 inmates rioted, causing a total of $20,000 dollars in damage. The inmates covered the security cameras and proceeded to destroy…

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How fixed asset management protects businesses from disaster

One of the best ways for businesses to protect themselves from property damage is to take preventative action before disaster occurs. This often means procuring property insurance. To keep premiums as low as possible, companies should use fixed asset accounting. Fire damages West Virginia businesses Recently, a fire in Harpers Ferry, West Virginia, caused about $4 million worth of damage to both property and inventory, according to local news source WHAG News. A total of nine businesses were damaged in the fire. Most of them are not in a state to reopen for business anytime soon. Martha Elhman, owner of…

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Advice for growing your digital asset

One of the great challenges that await a small business is dealing with growth. The fact that your company has figured out what resources it needs to thrive and how to attract customers and improves production so much so that expansion is a possibility is a good thing. Yet there are issues related to growth. As a small business becomes larger, so too must its digital asset management software. Failing to plan properly can result in production delays and logistical issues when it comes time to expand the business. By monitoring your digital assets with software that can grow as your business…

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How fixed asset management helps protect intellectual property

Intellectual property theft is a serious concern for many organizations. In most companies, intellectual property is the lifeblood of success. It is crucial for businesses to maintain security around these precious fixed assets. According to a study from CERT, a division of the Software Engineering Institute at Carnegie Mellon University, Intellectual property theft takes many forms. Thieves may target trade secrets, source code, customer information or proprietary software, among other assets. Cases of intellectual property theft occur frequently, and sometimes the security leak is internal. Packers Plus Energy Services Inc. recently won a case against a previous employee who took a…

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