1. What is Asset ID?
A company’s fixed assets are an important part of its operational structure. Tracing all assets can be a challenge however. With plenty of different articles come challenges like identification for replacement, valuation, asset location, asset condition & their security are posed. This creates a big challenge for company management that results into poor valuation and unplanned expenditures on fixed assets.
Asset ID is a service package that providing asset engraving & tagging (Barcodes) & compilation of a comprehensive library of assets registry to document all fixed assets of a company for accounting, security & planning purposes.
2. Why Asset ID?
With properly engraved & inventoried assets, a company derives the following benefits:
- Informed procurement of fixed assets like furniture on the basis of documented records & information
- Security of assets through an identifier to deter theft
- Traceability of fixed assets in terms of site location & asset condition
- Identification of assets eases the disposal of company assets process.
3.Who needs a Asset ID?
The Asset ID is required by any company with a large asset base needing to have it compiled & documented for accounting, security & planning purposes
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