Dec
11
2009
Why Is Asset Management A Pain?
Author: adminIf you are seriously considering starting up a new business then it can be very difficult to come to terms with the things that are going to have to be done, this is just one of those things. Even if you currently work or own a business this could benefit you too.
What is the difference between Tangible Assets and Intangible Assets?
To kick things off, tangible or fixed assets are basically physical forms that the company owns like a building, computer and that secret condo in France no-one knows about yet!
Of course intangible assets must be something that is not physical so for example something you cannot see or touch. One of the best examples of this kind of asset is company name and company image. Believe it or not something like the brand name has become very important indeed when it comes to the bigger companies and Coca-Cola have been told that if they sold off all of their fixed assets they would still have over 90% of their company because of the brand name.
When someone is badgering on about asset management they are simply talking about sorting out all of the things that are worth something to the company.
This is where you can dive into things such as asset tracking software and RFID asset tracking. These are really handy for people who just do not have the time to spend their working days looking at what is in need of replacement as not only is this time consuming but it is often just not needed.
If you have one of these systems it will allow you to put in loads of information and the computer will work at doing the majority of the work for you. It does many other things too like tell you when something you have is almost out of warrenty and needs a replacement!
So throw away those pens, papers and calculators’s and get something like Sarbanes Oxley Compliance software.
