What is a corporate asset registration program?

Asset records are high-level documents listing some or all of your company's assets, in their simplest form, asset records include the asset's name, type, location, cost and description. More advanced asset records may also include who is responsible for the asset, associated maintenance history information and fixed asset depreciation rates.

The corporate asset registration software gives you a clear record of what your company has and how your assets behave, through a strong, easy-to-use and transparent fixed asset register, you reduce the opportunity of a wide range of problems as well, and overall, the great fixed asset registration software provides your time and money by:

• Asset tracking: The corporate asset registration program allows for monitoring the location and use of the company's assets, preventing losses and ensuring effective use.
• Financial management: The corporate asset registration program provides accurate financial statements and audits, ensuring that the real value of assets is reflected in the company's records.
• Consumption tracking: The corporate asset registration program facilitates accurate consumption calculation, affecting tax liabilities and providing a realistic view of financial health.
• Maintenance Management: The corporate asset registration program helps schedule and track maintenance activities, ensuring the timely maintenance and servicing of assets, prolonging the life of assets and reducing downtime.
• Asset valuation: The corporate asset registration program helps value companies' assets at any time, providing important data for insurance claims or when considering the sale of assets.
• Compliance: The corporate asset registration programme ensures compliance with regulations including IFRS/generally accepted accounting principles by providing a clear and auditable asset register, thereby reducing the risk of non-compliance.

How does the corporate asset registration program work?

The corporate asset registration software differs from the spreadsheet in that it allows you to fill asset profiles, which means that instead of filling rows, columns and cells, you will have a very user-friendly interface designed for customization.

All the data you add is automatically added to your asset register as well And that means that every time you update an asset's location, This data is withdrawn to your asset register without the need for any complex changes or modifications Then you can view, manage and export your asset register on a dedicated reports page, Here you can set and view all your data, so, if you need to determine who has certain assets, you can simply run a report about this.

Features of the Corporate Asset Registration Program from Fekrait Software

The value of the corporate asset register program lies in its role as a dynamic tool that plays a critical role in the day-to-day operations and long-term planning of any business. This is what the corporate asset registration program offers from the Fekrait Software Corporation, one of its most prominent features, we find:

1. Saving time and money

Our corporate asset registration software features save time, helping you deliver projects on time and under budget, and fixed asset markers open aggregated procedures, such as complete audits of the assets where the sites are located, and the ability to reserve assets in bulk for yourself or your colleagues.

All daily asset tracking processes and modifications are automatically withdrawn to the reports page, you can use this to filter and report specific data, such as maintenance information, or you can export it as a pdf or Excel file to create a fixed asset register, which is ready for tax, insurance and accounting purposes.

2. Asset Tracking

The corporate asset registration software from Fikha Software Enterprise, is used to track fixed assets, IT asset management, construction equipment tracking and many great roads, our system is also highly scalable and highly customizable, which means you will be able to share the system with your colleagues and reduce asset tracking load.

3. Better investment

The corporate asset registration program helps the maintenance team manage the company's physical assets over the life of assets by tracking assets, and the entire organization can use them to maximize asset performance during asset life cycles, get a better return on investment, keep workplaces safe, improve the cost of ownership with better life cycle costs and improve efficiency.

5. Improve Customer Service

Your entire organization can be managed smoothly through the corporate asset registration program, you also have a properly documented process carried out to use and supervise the equipment used in your company, which in turn allows you to provide better customer service - and not give them any opportunities to complain, customer retention and acquisition is facilitated by good asset management.

6. Easy asset identification

When you run a business where you transfer physical assets a lot, you need to know where your assets are at a certain time so they can be returned to where they must be once a particular employee has finished using them, Tracking tags using GPS, RFID and other technologies integrated with corporate asset registration software can locate your assets in an instant which helps you know where any of your devices are at a certain time.

7. Track all physical assets in real time

Fixed assets can be compared to living organisms, because they enter the system, multiply, leave and even move around the organization, this makes it critical to track them properly - This is facilitated by the corporate asset management software, with real-time corporate asset registration software solutions from the Fekra software platform, you can ensure that your asset records are always up to date and error-free.

Conclusion:

Asset management is a critical aspect of any business The tool ensures that all of the company's assets are registered, maintained and used efficiently, Whether you run one property or a large group of assets The importance of obtaining accurate and up-to-date information at your fingertips cannot be overstated. In this regard, one of the key tools in asset management is the corporate asset registration programme, the benefits of which we have addressed s assets ", a comprehensive tool that provides property and asset managers with detailed information on the assets they oversee.