The Best Practices in Asset Management: The Fixed Asset Register & Lifecycle Management

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Assets are the backbone of an organisation. Asset management System is geared to automate the lifecycle management of assets. Whether it is procurement, utilisation, allotment, verification, maintenance or disposal of assets, a tool to manage all these processes is very handy for organisations. One of the key requirements for organisations is to conduct an annual audit of their fixed assets present in the company, assess their correct value and accordingly generate the financial records for the same.

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