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.