Every organization that belongs to any industry or sector- FMCG, consumer durables, manufacturing, services, IT/ITeS, telecom etc. has hundreds of newassets under management.
These newassets can be classified as fixtures such as plant & machinery, or movables such as tools, furniture, office equipment, vehicles etc.
Managing different categories of newassets across multiple locations can be extremely challenging. Complex and time-consuming processes such as tracking, auditing, scheduling maintenance and calculating depreciation of physical newassets warrant a solution that can address all asset management requirements of an organization.