Fixed assets form a substantial part of your company’s Balance Sheet. The related expenditures e.g. Maintenance costs, insurance and depreciation are material amounts in the P& L Account. Financial and physical controls over fixed assets are therefore paramount to ensure their effective contribution towards your company’s operations and performance.

There’s no room for error when you need a precise picture of your company’s physical assets. Knowing exactly what assets you currently have, where these assets are located and how these assets are changing over time, allows a company to keep track of details of each fixed asset, ensuring control and preventing misappropriation of assets.