RFID Technology and automation have been transforming fixed asset management for years. Embracing current technologies can ensure accurate fixed asset accounting records and drive your accounting control, whilst freeing up valuable resources and allowing your organization to scale efficiently.
Effective inventory management is the backbone of any successful business. Whether it’s a small retail store, a manufacturing facility, or an e-commerce giant, the ability to organize and plan inventory efficiently can make a significant difference in operational efficiency, customer satisfaction, and ultimately, the bottom line.
In recent years, there has been a growing focus on Environmental, Social, and Governance (ESG) factors in the corporate world. ESG has evolved from being merely a buzzword to becoming a critical component of strategic fixed asset management and decision-making for global organizations. While ESG has traditionally been associated with sustainability and responsible investing, its
How ESG is revolutionizing the Fixed Asset Management practices for Global Organizations Read More »
Effective management of fixed asset depreciation is a crucial aspect of financial planning for businesses. By understanding and implementing strategies to manage depreciation effectively, firms can alleviate insurance and tax costs. Depreciation refers to the gradual decrease in the value of an asset over time, reflecting its wear and tear or obsolescence. This article will
Implementing Sarbanes-Oxley Act (SOX) compliance is crucial for organizations to ensure financial transparency, accountability, and regulatory compliance. This article provides a step-by-step roadmap to guide organizations through the process of achieving SOX compliance, from initial planning to ongoing monitoring. Understand the Requirements Gain a thorough understanding of the SOX requirements, including Section 302 (Corporate Responsibility
EAM: The Roadmap to Implementing SOX Compliance: A Step-by-Step Guide Read More »
Fixed asset management is an important part of maintaining an accurate business value through assessing your assets. We take a look at the role of inventory.
Fixed Asset Management: The Importance of Fixed Asset Inventorying Read More »
Radio Frequency Identification (RFID) technology is a powerful tool for asset tracking and inventory management, and its potential applications in healthcare settings are vast. One area where RFID has been gaining traction in recent years is in hospitals, where it can be used to improve efficiency, reduce costs, and enhance patient safety. In this article,
RFID Asset Tracking in Hospitals: Improving Efficiency and Patient Safety Read More »
Did you know that the global fixed asset management software industry is expected to hit $5.2 billion in 2024? Companies are required to comply with the Sarbanes-Oxley Act (SOX) when it comes to their fixed assets. It can be difficult for companies to keep up with the ever-changing regulations and ensure they have all of
What Are the Fixed Asset Internal Controls Required by SOX Compliance? Read More »
What is asset tagging, and how does it benefit businesses? What are the advantages of asset tagging with RFID? Learn all about asset tags and more here.
How Does Asset Tagging Help You Identify Your Field Assets? Read More »
RFID technology is becoming increasingly essential to healthcare inventory management. RFID, or Radio Frequency Identification, uses radio waves to communicate between a tag and a reader, allowing for quick and easy tracking of assets. This is widely used in healthcare inventory management to track and manage medical supplies, equipment, and medications. One of the key
RFID into healthcare inventory management Read More »
With over 25 years of experience, the CPCON Group is the global advisor that enhances and maximizes organizations’ internal control, promoting increased management efficiencies, improved regulatory compliance and financial supervision.
