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RFID (Radio Frequency Identification) technology solutions have been widely adopted in asset tracking innovation across different industries to drive business efficiencies, cost-savings, and higher visibility over internal controls. This article explores the cutting-edge integration of RFID solutions with Asset Tracking programs. As essentially a Tracking Technology, RFIDs efficiently monitor and manage assets in digital platforms. …

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In recent years, there has been a growing focus on Environmental, Social, and Governance (ESG) factors in the corporate world. ESG has evolved from being merely a buzzword to becoming a critical component of strategic fixed asset management and decision-making for global organizations. While ESG has traditionally been associated with sustainability and responsible investing, its …

How ESG is revolutionizing the Fixed Asset Management practices for Global Organizations Read More »

Organizations are constantly seeking innovative ways to integrate ESG principles and Corporate Responsibility programs into their operations. One technology that has emerged as a game-changer is Radio Frequency Identification (RFID) tracking.  This article explores the pivotal role of RFID tracking technology in ESG integration and corporate responsibility, highlighting its potential to enhance transparency, optimize supply …

The Role of RFID Tracking Technology in ESG Integration and Corporate Responsibility Read More »

Effective management of fixed asset depreciation is a crucial aspect of financial planning for businesses. By understanding and implementing strategies to manage depreciation effectively, firms can alleviate insurance and tax costs. Depreciation refers to the gradual decrease in the value of an asset over time, reflecting its wear and tear or obsolescence.  This article will …

How effectively managing your fixed asset depreciation can alleviate your firms’ insurance and tax costs Read More »

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 …

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

From asset registration and maintenance planning to asset tracking and retirement, an EAM system streamlines asset management processes, improves efficiency, and enables data-driven decision-making.  In this article, we will explore the understanding and benefits of EAM, its evolution, and how it integrates with other systems, including IoT devices for real-time asset monitoring. What is an …

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Supply chain management plays a crucial role in the success of businesses across various industries. However, it comes with its fair share of challenges that can impact efficiency, profitability, and customer satisfaction.  In this article, we will explore the top five challenges in supply chain management and provide effective strategies to overcome them. By addressing …

Top Five Challenges in Supply Chain Management and How to Overcome Them Read More »

Just-in-Time (JIT) inventory management can revolutionize your business operations by optimizing inventory levels, improving efficiency, and minimizing costs. By implementing JIT principles and leveraging the power of real-time data analysis, you can achieve seamless supply chain integration and meet customer demands with precision. Embrace the benefits of JIT inventory management and propel your business towards …

Streamlining Operations with Just-in-Time Inventory Management for Higher Business Efficiency and Cost-Savings Read More »

Do you know the key differences between managing fixed assets for a government agency and a private organization? Government agencies are required to follow the Government Accounting Standards Board (GASB) pronouncements to account for and manage fixed assets, whereas private organizations must adhere only to General Accepted Accounting Standards (GAAP). This article explores how government …

A Guide to Complying with Government Accounting for Fixed Assets Read More »

Are you looking to improve your organization’s asset management strategies and optimize your financial performance? This article explores how organizations can use the SAP Asset History Sheet Report to manage asset lifecycles, from acquisition to retirement. It could discuss how the report can be used to track asset transactions, impairments, depreciation, and disposal, and highlight …

Maximizing the Use of the SAP Asset History Sheet Report for Asset Accounting Read More »