In today's current regulatory and highly-competitive business environment, asset management is taking on far greater importance than in the past, with closer scrutiny of return on investment, as well as, full disclosure of financial asset information. Yet in many organizations asset management is still one of the weakest areas of internal controls resulting in overpayment of taxes and insurance, higher total cost of ownership, and the risk of non-compliance with regulatory mandates. This white paper explores the significant improvements companies must make today to address how fixed assets should be tracked and managed to accomplish a lower total cost of ownership with reduced procurement, disposal, operations, and other costs.
Whether it's Sarbanes-Oxley compliance or the pressure to squeeze out the maximum return on assets, it's no longer an option to continue business as usual.
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