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Automated Fixed Asset Inventory Software

Gain Strong Controls Over the Disposal of Fixed Assets Using An Automated Fixed Asset Inventory Software

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Are you confident your fixed asset item is accurately represented in your organization’s year-end financial statements? Organizations face different challenges in performing the inventory of current assets and reconciliation tasks. Time-consuming and manual data collection often reflect on poor controls over the disposal of fixed assets. RFID, radio frequency identification, is essentially a Tracking software […]

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daily cycle counts and reconciliation of inventory variances

Daily cycle counts and reconciliation of inventory variances

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Inventory cycle counting is a method of frequently conducting physical counts of your inventory on a daily, weekly or monthly basis. This allows businesses to identify and reconcile data discrepancies in inventory records to ensure proper financial reporting processes.  In this article, we will explore the importance of mastering inventory cycle counting for effective accounting

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How MRO Inventory Management software is revolutionizing Supply Chain operations

How MRO Inventory Management software is revolutionizing Supply Chain operations

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Among the critical components of supply chain management is the effective handling of MRO (Maintenance, Repair, and Operations) inventory. With advancements in RFID technology, MRO inventory management software has emerged as a game-changer, revolutionizing how businesses optimize their supply chain operations. This article explores the significant benefits of adopting MRO inventory management software and its

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Did You Have Fun With Your Manual Fixed Asset Inventory and Tagging?

Did You Have Fun With Your Manual Fixed Asset Inventory and Tagging?

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Does it still make sense to manually account for, track and manage fixed assets? Well, frequently conducting an enterprise asset inventory and tagging is mandatory. However, manually collecting and reporting data on fixed asset existence using barcodes and spreadsheets can be automated to RFID Tracking.  How does RFID Technology Helps Speeding up Data Collection? As

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How to Find Losses In Your Distribution Center (DC) with RFIDs

How to Find Losses In Your Distribution Center (DC) with RFIDs

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In distribution centers (DCs), lost shipments can have a significant impact on the bottom line. Identifying and minimizing losses is crucial for operational efficiency and profitability. Fortunately, Radio Frequency Identification (RFID) technology provides a powerful tool to help DCs uncover and address potential sources of loss. By implementing RFID systems, businesses can gain real-time visibility

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Exploring RFID Possibilities in Supply Chain Unlocking Total Stock Visibility

Exploring RFID Possibilities in Supply Chain: Unlocking Total Stock Visibility

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In today’s fast-paced business landscape, supply chain management plays a crucial role in determining the success of an organization. Efficiently managing inventory and ensuring stock visibility are critical factors that can significantly impact the bottom line. This is where Radio Frequency Identification (RFID) technology comes into play, offering unprecedented possibilities for businesses to optimize their

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Fixed Asset Tracking Automation: What’s the role of RFID Systems in establishing higher data visibility for Fixed Asset Management?

Fixed Asset Tracking Automation: What’s the role of RFID Systems in establishing higher data visibility for Fixed Asset Management?

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RFID Technology and automation have been transforming fixed asset management for years. Embracing current technologies can ensure accurate fixed asset accounting records and drive your accounting control, whilst freeing up valuable resources and allowing your organization to scale efficiently.

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Discover RFID solutions for driving innovation in Asset Tracking

Discover RFID solutions for driving innovation in Asset Tracking

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

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

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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

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ASC 820 Fair Value Measurement

A Guide to Complying with the ASC 820 Fair Value Measurement

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Fair value measurement is important in financial reporting because it provides investors and other stakeholders with a more accurate picture of a company’s financial position and performance. It is also used in other contexts, such as mergers and acquisitions, to determine the value of a company or its assets. Did you know that Fair Value

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With over 25 years of experience, the CPCON Group is the global advisor that enhances and maximizes organizations’ internal control, promoting increased management efficiencies, improved regulatory compliance and financial supervision.

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