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Comprehensive Fixed Asset Management Solutions
Fixed assets come in all shapes, sizes and values. But one thing is certain – the proper and accurate management of fixed assets is not only a necessity in today's business environment, but not knowing what you have, where it is and what its worth can cost a company hundreds of thousands of dollars in unnecessary fees, overhead, taxes and penalties.
Together with General Financial, General Data offers a comprehensive set of solutions for all of your fixed asset management needs. Companies in industries such as manufacturing, healthcare, education and other asset-intensive industries utilize General Data's fixed asset management solutions to identify, track and maintain assets from items as small as tools to large multi-million dollar equipment assets.
Using Barcode Technology To Streamline Efficiencies
and Share Data
Typical fixed asset error rates frequently exceed 30%. This is caused by a number of factors, including a company's lack of resources to conduct and maintain consistent fixed asset physical inventories, in addition to inconsistent asset tagging processes across departments and facilities. In many companies, the maintenance, accounting and tax departments work independently and do not share critical fixed asset data across departments. What if departments were able to work together and share fixed asset data? What if the fixed asset ledger was continuously and accurately updated each time maintenance was performed on a fixed asset?
Why General Data?
We provide a customized fixed asset optimization solution and process that links together fixed asset inventory and maintenance records, and enables the maintenance, finance and tax departments to share information so all assets are correctly updated on the books. Our system is based on specialized tagging of assets that utilizes two-dimensional barcodes containing data that can be used and shared by all departments. When the maintenance department services an asset, replaces components, performs upgrades, or takes an asset offline, the barcode tag is scanned and the asset information in the maintenance system is updated. The maintenance data can then be reconciled to the fixed asset ledger.
Fixed Asset Management Services
With General Data, you've got unparalleled expertise on your side for all aspects of your fixed asset management needs. Our services include:
Fixed Asset Inventory- A comprehensive physical inventory is performed in order to determine the existence and location of every company asset, its location and status.
Identification and Tagging of Fixed Assets – a special barcode asset tag is placed on each asset. These barcode tags contain unique identifiers that can be used by all departments. This barcode tag is scanned when maintenance is performed, or the status or location of an asset is changed.
Fixed Asset Reconciliation- Upon completion of fixed asset inventory and tagging, the maintenance, finance and tax records are updated with current asset locations, status, disposition and values.
Fixed Asset Maintenance Tracking Systems – Maintenance requests and work orders are managed electronically, providing for improved visibility, control and automation of asset maintenance and work processes. Maintenance technicians equipped with barcode scanners and mobile computers scan the special asset tag each time maintenance is performed so asset location, status and dispositions is continually updated on the books.
