RFID or Barcode technology to assist clients in tracking their fixed assets and ensuring a precise inventory data that includes from qualities to condition of items.
Public- and private-sector clients historically have accounting and operational challenges associated with enterprise assets management, internal controls, financial reporting and regulatory compliance. Inaccurate fixed asset records – such as, ghost assets, grouped assets, vague descriptions, and other data gaps – cause serious problems for an organization, leading to inadequate or missing asset descriptions (manufacturer, model, serial number, and more), assignment of unreasonable useful lives for depreciation schedules, little or no use of property identification tags, bulk purchase of equipment, and deficient documentation of asset movement (disposals, transfers, retirement, etc.).
CPCON became an industry leader in asset tracking and management solutions to efficiently perform inventory audit requirements, that delivers the data visibility required to develop accurate fixed asset records, followed by a financial reconciliation (if required). Satisfying Sarbanes-Oxley (SOX) compliance; GAAFR; GAAP; IFRS; federal grant reporting; property management; insurance; reimbursement determination; and internal planning requirements.
Customized Project Planning and Outsourcing Team
Utilize tablet technology with our inventory software to optimize data integrity
Conduct a physical inventory focused on recording all descriptive and location information possible
Affix barcode and/or radio-frequency (RFID) property tags to all untagged assets
Generate detailed reporting containing the Assets Description, Picture, Condition, Location (Building, Room, Department, Custodian, Company), Brand, Model, Manufacturer, Serial Number, Asset Tagability, and so on
Data migration and integration with your Enterprise Resource Planning (ERP) system
Off-site quality assurance to reconcile the inventory to the fixed asset accounting records (if required) until these are verified as match, retirement or addition
Improved financial reporting
Satisfied audit requirements
Data delivered in the layout required to populate ERP or ITAM systems
Accurate property tax values
Streamlined insurable values
Meaningful capital budgeting / forecasting
Support for mergers and acquisitions (M&As)
Improved asset utilization for higher-end initiatives
6735 Conroy Windermere Rd STE 307
Orlando, FL 32835, USA
+1 (407) 520-6493
Rua Enxovia, N° 472 conjunto 2210
Vila São Franciso – São Paulo /SP
+55 (11) 3053-3535