Assets Management System a tool for recording, Tagging, keeping & Tracking of Assets. First of all we tells that every company need to track its assets. The assets of any business fall into two categories Fixed and Current Assets. However Fixed Assets are for long-term use, While Current assets are for short-term. Furthermore now we discuss the importance of Assets Management:
Firstly enables a firm to keep tabs on all of its.
Secondly helps guarantee the accuracy of amortization rates.
Thirdly helps identify and manage risk.
Fourthly removes ghost assets in the company’s inventory.
Fifthly complete an Asset Inventory.
Sixthly compute Life-Cycle Costs.
Seventhly set levels of service.
Eighthly exercise Long-term Financial Planning.
Now we go towards the main features of this Assets Management System. After that we discuss the main benefits. During all these you also enjoy to learn about the features of Assets Management System.