So, what is asset management? As per the ISO 55000 standards, Asset Management is co-ordinated activity to realise value from assets. Companies around the world face a daunting task of preparing fixed asset register & compliance with accounting standards. They spend countless hours with auditors every year to get things right. The whole process is chaotic, dreaded & inefficient. So, what is the way out of this predicament? Well, it seems that some of the most successful companies around the globe implement systems to improve maturity of asset management processes & align with international best practices.