Case Study

The implementation of the Tag My Assets Fixed Asset Management Application at Lixil Window enabled the organization to achieve up to 95% improved control over its fixed assets through structured asset tagging and digital asset management processes. By deploying QR code and barcode-based asset tagging, the application ensured accurate identification, real-time tracking, and monitoring of fixed assets across locations. This resulted in improved asset visibility, better utilization, timely maintenance, and an updated Fixed Asset Register (FAR).

The systematic physical verification methodology and detailed reconciliation reports generated through the Tag My Assets application significantly strengthened internal controls. The clarity and accuracy of the verification outputs provided statutory auditors with enhanced confidence and comfort while evaluating fixed assets and related records. The audit-ready documentation and transparent reporting framework supported auditors in performing their audit procedures efficiently and offered assurance and relief while reporting under the CARO requirements, particularly with respect to physical verification of assets. The Tag My Assets report served as a reliable reference point, contributing to smoother audit execution and increased confidence while signing the CARO report.