Does your existing fixed asset record accurately reflect the physical reality of the assets upon which your enterprise depends? Inaccurate records can blindside you and your organization - heightening strategic, financial and operational risk. In a post-Sarbanes-Oxley environment of corporate (and company officer) accountability, when both GAAP and IFRS expect enhanced transparency-the lack of clarity relative to your fixed assets could cost you more than you would imagine.
Innovapptive's Mobile Asset Tag app increases the value of your SAP Fixed Asset implementation by giving you the ability to integrate your fixed asset physical inventory process with your existing solution. No third-part scanners or software needed. Simply scan the barcode on your asset with your mobile device and mAssetTag does the rest. With barcode / QR code support coupled with a Geocoding fetaure all key information is updated in real-time on your SAP system.
Some key benefits of the mAssetTag app will bring to your organization are -
- Reduced federal tax liabilities by writing off ghost assets
- Lower personal property taxes by retiring fixed assets no longer in use
- Reduced insurance premiums by properly identifying and classifying assets and their conditions
- Increased efficiency of capital budgeting through more effective reuse of fixed assets
- Reduced risk and potential losses due to theft with quick and accurate audits
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