Whether you like it or not, fixed asset management is part of the financial management process. No matter who you’re reporting to – senior management, government agencies, auditors or the IRS – you’re accountable for the status and value of all of your company’s fixed assets. These can include buildings, computers, desks, machinery, printers, and office furniture. Keeping track of these assets can be challenging, especially with the growing list of requirements regarding fixed asset management. Today’s companies have to:
- Stay in compliance with the latest (and ever-changing) regulations regarding fixed assets.
- Be adequately prepared for unforeseen disasters and have a recovery plan in place to recover quickly.
- Optimize employees’ time so as to eliminate repetitive and redundant activities.
- Ensure that they are not overpaying on insurance and taxes while taking advantage of current tax credits.
That’s a lot to keep track of and, if you don’t have the right tools in place, can become quite a headache. Having a fixed asset management system, such as Sage Fixed Assets, can help alleviate some of the stress associated with fixed asset management and give your company peace of mind when it comes to complying with government regulations. With the Sage Fixed Assets, you don’t have to monitor all of the new laws being enacted regarding fixed assets because it’s already done for you. The software is automatically updated and keeps your data prepared for even the most intense scrutiny.
Sage Fixed Assets can also help you plan and prepare for a disaster now rather than having to scramble for a disaster-recovery plan later. You’ll know where you stand with your fixed assets’ worth, how much they should be insured for pre-disaster, and what you can expect in terms of replacement value. The software also backs up all of your important records to a safe location in the Cloud so you don’t have to worry about losing valuable data and information.
The overall cost-savings of maintaining a fixed asset management software solution like Sage Fixed Assets are huge. The efficiency alone will save you hours in labor so you can focus on managing other areas of your company. If you’d like to learn more about Sage Fixed Assets, give us a call today at (678) 456-6919. We’d love to show you how the software can help you track your inventory and properly manage your company’s fixed assets.