Asset Management

EAM: The Roadmap to Implementing SOX Compliance: A Step-by-Step Guide

EAM: The Roadmap to Implementing SOX Compliance: A Step-by-Step Guide

Implementing Sarbanes-Oxley Act (SOX) compliance is crucial for organizations to ensure financial transparency, accountability, and regulatory compliance.  This article provides a step-by-step roadmap to guide organizations through the process of achieving SOX compliance, from initial planning to ongoing monitoring. Understand the Requirements Gain a thorough understanding of the SOX requirements, including Section 302 (Corporate Responsibility […]

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RFID Asset Tracking in Hospitals

RFID Asset Tracking in Hospitals: Improving Efficiency and Patient Safety

Radio Frequency Identification (RFID) technology is a powerful tool for asset tracking and inventory management, and its potential applications in healthcare settings are vast. One area where RFID has been gaining traction in recent years is in hospitals, where it can be used to improve efficiency, reduce costs, and enhance patient safety. In this article,

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What Are the Fixed Asset Internal Controls Required by SOX Compliance?

What Are the Fixed Asset Internal Controls Required by SOX Compliance?

Did you know that the global fixed asset management software industry is expected to hit $5.2 billion in 2024? Companies are required to comply with the Sarbanes-Oxley Act (SOX) when it comes to their fixed assets. It can be difficult for companies to keep up with the ever-changing regulations and ensure they have all of

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RFID into healthcare inventory management

RFID into healthcare inventory management

RFID technology is becoming increasingly essential to healthcare inventory management. RFID, or Radio Frequency Identification, uses radio waves to communicate between a tag and a reader, allowing for quick and easy tracking of assets. This is widely used in healthcare inventory management to track and manage medical supplies, equipment, and medications. One of the key

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