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The Importance of Monitoring Assets

By Darren Folkes


All assets should be managed. It does not matter if they are personal or business assets. However, it is known that personal assets are simpler than hard ones to track. This is because personal assets are usually low in numbers and can be the possession of just one owner. But, what does this have to do with the typical company? A company can have tons of employees working for them. There can be a lot of company assets.

The company bought them, but employees can use them whenever. If they are not monitored, they could be lost or stolen.

Just imagine this. If you owned one hundred computers that were used by other people, wouldn't you be interested in knowing where they were everyday? If you had 100 computers and let others used them, do you think that you would want to know where they were on a regular basis? Wouldn't you be interested in knowing when they were purchased and how much service life each of them had? Assets are much easier to track when they are your own. You most likely will only have around three or four computers tops. They are located at your home. You know that various members of your family use them on a daily basis.

But this might not take place with a bigger company. Companies have thousands of employees who need company assets in order to do their jobs efficiently. An accounting clerk cannot do the job without her computer. A customer service rep also needs a computer in order to help customers and keep them satisfied. Employees use assets to get the job done. There are loads of company assets and loads of employee assets. How are the computers assigned to employees? Computers contain serial number and an assortment of software. If the company wants to keep these assets, they should be tracked. Company property such as laptop computers, cell phones and adding machines go missing all of the time.

Management might want to chime in and state that employees are taking assets. The assets could just be mismanaged and easy to misplace because no one is entering asset information into a good fixed asset software package. A good program can track and monitor these assets. Certain assets systems can actually say when a product needs servicing. If the company has a fleet of trucks, they could really take advantage of this. These assets will not serve a good purpose unless they are maintained and up to date. Your company has to invest in a great system so that this will not be an issue.




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