What is Fixed Assets Management & How Software Can Help

What is Fixed Assets Management & How Software Can Help Every business possesses valuable assets that drive its operations. Beyond inventory and financial resources, tangible, long-term treasures like equipment, machinery, and even furniture play a crucial role in generating revenue and ensuring smooth functioning. This is where fixed asset management steps in, becoming the silent hero safeguarding your physical resources. So, what exactly is fixed asset management ? In a nutshell, it's the meticulous practice of tracking, monitoring, and optimising the lifecycle of your fixed assets . Think of it as the guardian angel ensuring each piece of equipment delivers maximum value throughout its lifespan. This involves a range of tasks, from initial acquisition and depreciation tracking to scheduling maintenance and preventing theft or loss. Why does effective fixed asset management matter? The benefits are numerous: Increased Operational Efficiency: Streamlined asset tr...