All companies have assets, but not all have a specialized department that is dedicated to keeping track of them. This is logical if we compare the number of assets that a multinational has and the assets of a SME.
But the reality is that the volume of assets does not matter. It is a fact that companies that contact fixed asset management companies in India obtain multiple benefits.
Often fixed assets constitute a major part of the assets of companies. They mobilize significant capital and generate recurring costs. If their management is optimized throughout their life cycle, fixed assets would not constitute a cost center.
On the contrary, they will become a resource whose valuation serves the overall performance of the company.
Dynamic and optimized management of fixed assets is also part of the good governance of the company, which must ensure the protection of shareholders’ assets and its profitability.
The dynamic management of fixed assets therefore affects the various areas of the company and its contributions are multiple.
In addition to the legal obligation to keep an inventory of active elements, the optimal management of the assets physically present in the company helps create real added value.
The interest is twofold, because it gives a faithful image of the fixed assets of the company and, above all, leads to substantial savings thanks to the mastery of the bases of declaration of taxes and insurance policies.
Having an inventory of fixed assets of your company more than being an obligation is an initiative that every business owner must have to ensure their assets. Do you have any idea what you keep in your warehouses or how obsolete the equipment and machinery you work with is?
If you do not keep a control, you can be a victim of ant theft. In addition, it is vital that it be carried out periodically and not only when you have time, as this is part of the good administration of a company.
If you have the correct information about your fixed assets, you can know the past, monitor the present and plan the future of the business investments, both in the short and long term. One of the ways to achieve this is by integrating an inventory.
The inventory will also help you identify when the renewal of your fixed assets will be appropriate.
Have your fixed assets already reached their lifetime or reached their maximum level of obsolescence?
Allocating resources to the right fixed assets can mean a great effort for companies, however, this should not always be a great burden if they resort to consultation with fixed asset management companies.
Benefits of consulting fixed asset management companies in India:
- Effectively and efficiently manage the fixed assets of the organization
- Develop standards and procedures for the identification, control and inventory of assets.
- Integrate information from the finance, operations and maintenance areas.
- Optimize the use of existing systems and improve the evaluation for the selection of new technological tools.
- Manage risk, with early identification, mitigating threats and taking advantage of opportunities.
- Updated and reliable information, in real time for decision-making regarding investments and divestments in assets