With the help of provisions such as the 100 percent bonus depreciationstimulus of 2011, some companies are starting to get back on track financially in the wake of the recession.
That said, there’s a long way to go, and many are still struggling to cope with the continued effects of the economic downturn.
In times of financial uncertainty, companies are looking to save every dollar they can. Fixed asset management software can help streamline workflow processes, reduce the time associated with fixed asset accounting and ultimately save businesses money.
If you don’t use a fixed asset software solution, chances are you keep multiple asset logs that may not be as organized as they should be. Companies with different divisions or branches are particularly susceptible to this, as it’s likely they have separate records for assets according to type, department and location.
Asset management software can help eliminate this confusion by providing a centralized receptacle for every piece of information associated with the company’s fixed asset holdings, ranging from details about model and location to information about the individual item’s maintenance history and warranty.