Fixed Asset Management
Unlock the full potential of your assets with our comprehensive fixed asset management solutions.
What is Asset Tagging
Fixed Asset Management is a structured approach to identifying, verifying, tracking, and controlling an organization’s fixed assets throughout their lifecycle.
At Tag My Assets, we provide practical, audit-ready fixed asset management solutions by combining physical asset verification, systematic tagging, and accurate data reconciliation. Our approach helps organizations maintain reliable asset records, improve control over assets, and ensure compliance with internal and statutory requirements.
Our Solutions & Benefits
- Location of assets
- Users
- Purchase History
- Maintenance schedules
- Depreciation Value
What is Asset Tagging ?
Asset tagging is the process of assigning a unique identification number to each fixed asset using a barcode or QR code tag.These tags are physically affixed to assets and linked to a centralized asset database, enabling quick identification, tracking, and verification of assets during audits, physical verification exercises, and internal reviews.
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Why Asset Tagging is Important?
Improved Control: Helps monitor asset location, usage, and movement across departments or locations.
Reduction in Asset Loss: Minimizes the risk of theft, misplacement, and duplication.
Audit & Compliance Readiness: Facilitates faster and more reliable physical verification during audits.
Better Financial Reporting: Supports accurate fixed asset registers and reconciliation with books of accounts.
Accurate Asset Identification: Ensures each asset is uniquely identifiable and traceable.
We have a team of trained staff for the verification of fixed assets who can handle the verification of large plants having multiple categories of Assets.
Get a Quote
Use the contact details below or fill out the form, and we’ll be in touch promptly.
Need more help?
Don’t hesitate to contact us for more information.
+91 96500 03293
connect@tagmyassets.com
Benefits of Fixed Asset Tagging
Tracking of assets by using tags which broadcast their location.
Identifying the location of assets using tags helps reduce theft.
Use of digital technology helps expedite the process.
Accurate tracking and management helps in maintaining correct records.
Helps tracking assets while in transit and movement from one location to another.
Use of digital technology helps reduce manpower resources and time.
Our Process
1.
Physical Verification
Our trained verification teams physically inspect assets at site using a structured floor-to-sheet and sheet-to-floor methodology. Each asset is identified, verified, and matched with available records to confirm existence and condition.
2.
Obtain & Review Fixed Asset Register (FAR)
We obtain the existing Fixed Asset Register from the client and review it to understand asset categories, locations, capitalization details, and gaps between records and ground reality.
3.
Data Sensitization & Standardization
Asset data is standardized by correcting descriptions, categorizing assets appropriately, and removing duplications or obsolete entries to ensure consistency and audit usability.
4.
Asset Tagging & Categorization
Each verified asset is tagged with a durable QR/Barcode tag and mapped to the updated database. Assets are categorized based on type, location, department, and usage.
5.
Reconciliation & Reporting
Physical verification results are reconciled with the FAR, and detailed variance reports are prepared highlighting shortages, excesses, and unidentified assets.
Our fixed asset management services help organisations track, verify, and manage assets accurately using technology-driven solutions.
Fixed asset management services by TagMyAssets help organizations track, verify, and manage fixed assets through asset tagging, physical verification, and FAR reconciliation using QR, Barcode, and RFID technology.
Our fixed asset management services work seamlessly with our inventory verification services.