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The Path to Strategic Asset Management - Best Practices for Fixed Assets Technology Integration

Sponsored By BNA Software

Topics:: Accounting; Budgeting & Planning; Compliance & Governance

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Abstract:: Companies today are looking for ways to gain more control and accuracy when it comes to fixed asset data. This white paper introduces best practices for integrating fixed assets management technology into your organization as part of a strategic asset management initiative. These best practices are based on -lessons learned- over the course of decades of successfully implementing and integrating GAAP and tax depreciation and fixed assets management solutions in organizations ranging from SMBs to the Fortune 500.

Fixed Assets represent a significant sum on the balance sheets of many organizations. Incomplete and out-of-date information can have a major financial and compliance impact. Poor management of asset data can result in higher property taxes, income tax overpayments, and unnecessary insurance costs. And lack of controls and data validation can impact compliance with regulations such as Sarbanes-Oxley.

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Released: November 14, 2011

Length: 6 pages

Format: PDF (577 kb)

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