Fixed Asset Inventory, Tagging and Reconciliation
Transform your fixed asset verification and management with industry-leading expertise and comprehensive solutions.
Service Overview
Are you confident your your organization’s fixed assets are accurately reflected in its year-end financial statements? While the typical response may be “yes,” audit results can sometimes tell a different story. Many organizations skip conducting a physical inventory and reconciliation of their fixed assets—yet these activities are critical internal controls that help ensure accurate and reliable financial reporting.
Our comprehensive approach ensures that your fixed asset register is cleansed and fortified, providing the visibility and accuracy required for effective management and reporting.
Why Choose CPCON GROUP?
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Global expertise with local presence
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Industry-leading methodologies and tools
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Dedicated professional team
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Proven track record of success
Tech-Enabled Services
Our fixed asset inventory, tagging and reconciliation services leverage cutting-edge technology to deliver superior results:
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Mobile scanning applications for real-time asset tracking
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Cloud-based asset management platforms with secure access
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Advanced RFID and barcode tagging systems
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Custom analytics dashboards for real-time reporting
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Automated data reconciliation with existing ERP systems
Key Benefits
Cleansed Asset Register
Eliminate ghost assets and data gaps while ensuring accurate asset tracking and valuation.
Improved Financial Reporting
Enhanced accuracy and reliability in financial statements and regulatory compliance.
Accurate Tax Values
Optimize property tax assessments and ensure compliance with tax regulations.
Insurance Optimization
Streamlined insurance values for better coverage and cost management.
Capital Budgeting
Make informed decisions with accurate asset lifecycle and replacement planning.
M&A Support
Comprehensive asset validation and valuation for mergers and acquisitions.
Our Process
Initial Assessment
We begin with a comprehensive evaluation of your fixed asset accounting records and internal control processes, identifying gaps and opportunities for improvement.
Customized Project Planning & Preparation (PMP)
Our team develops a customized inventory plan, including scheduling, resource allocation, and technology setup tailored to your specific needs.
Physical Inventory & Tagging
Our experienced team conducts a thorough on-site inventory, documenting and tagging assets with durable, customized identification tags.
Asset Componentization
We break down complex assets into their component parts for more accurate tracking, depreciation, and lifecycle management in compliance with accounting standards.
"Line-By-Line" Data Reconciliation
We meticulously compare physical inventory findings with your existing asset records on a line-by-line basis, identifying discrepancies and resolving data inconsistencies. This addresses each asset until it's verified as a match, retirement or addition.
ERP Data Compilation Services
We deliver the reconciled data in the client’s required format to populate your existing ERP system. Alternatively, our proprietary IT team can develop customized integration tools tailored to your platform—whether it’s SAP, Oracle, JD Edwards, IBM Maximo, or others—ensuring seamless data transfer, system compatibility, and data integrity.
Reporting & Implementation
We deliver comprehensive reports with actionable insights and assist with implementing improved asset management processes and systems.
Industry Expertise
Manufacturing
Telecommunications
Healthcare
Education
Government
Custom Asset Tagging Solutions
Flexible Polyester Tags
Ideal for curved surfaces
Durable polyester with adhesive backing that conforms to curved surfaces. Weather and chemical resistant with 5+ year outdoor lifespan.
Stainless Steel Tags
For extreme environments
Resistant to chemicals, heat up to 800°F, and corrosion. Ideal for outdoor equipment and harsh industrial settings.
Aluminum Tags
Lightweight and durable
Anodized aluminum offers excellent durability with minimal weight. Resistant to UV exposure and moderate chemicals, perfect for outdoor equipment.
Cable Tie Tags
For cables and wiring
Self-locking nylon cable ties with integrated label areas. Heat and moisture resistant, ideal for IT infrastructure and wire management in complex environments.
Durable, Custom-Made Asset Tags
Our asset tagging solutions include custom-designed, durable tags tailored to your specific environment and requirements:
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RFID Technology
Passive and active RFID tags for wireless scanning and real-time asset tracking capabilities.
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Barcode Solutions
1D and 2D barcode options including QR codes for easy scanning with standard equipment.
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Environment-Specific Materials
Metal, polyester, tamper-evident, and chemical-resistant options for harsh industrial environments.
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Custom Branding
Incorporate your company logo, colors, and specific information requirements.
Ready to Verify Your Inventory of Assets?
Schedule a consultation with our experts to discuss how we can help optimize your fixed asset management process.
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