1 / 8

Fixed-Asset-Management.pdf

Streamline asset tracking with top-tier Fixed Asset Management Software. Boost efficiency, cut costs, and maximize ROI effortlessly.

riyamishra2001
Download Presentation

Fixed-Asset-Management.pdf

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Fixed Asset Management: Optimizing Operations with impenn Theglobal fixed assetmarket was valued at over $70 trillionin2023, underscoringthe criticalneedfor effective managementto ensure financialhealthand operational efficiency. Impenn stands as your strategic partner for comprehensive asset lifecycle management. Visit Website for more Information : www.impenn.in

  2. The Challenge: Untapped Value & Hidden Costs HiddenAssets Average10-15%ofenterprise assets are unrecorded or mismanaged, leading to lost value and inefficiencies. AuditBurdens Manualtrackingincreases audit preparation time by 20%, consuming valuable resources. Revenue Drain Inefficientassetutilization costs companies up to 3% of annual revenue. Compliance Risks Non-compliancewith FASB/IFRS regulations incurs significant penalties, impacting profitability.

  3. What is Fixed Asset Management? Fixedasset management is thestrategiclifecyclemanagementof an organization'sphysicalassets,from acquisition and utilization to maintenance, depreciation, and eventual disposal. Itencompassesa widerange of assets,includingequipment,property, vehicles, and IT infrastructure. The primary aims are to maximize asset value, ensure regulatory compliance, and reduce operational costs by integrating financial, operational, and maintenance data for a holistic view.

  4. Introducing impenn's Software Solution Cloud-BasedScalability ArobustSaaSplatformdesignedfor high scalability and real-time data insights. ProvenTrackRecord Foundedin2018,impennproudly serves over 500 clients across manufacturing, healthcare, and logistics sectors. AI-Driven Optimization Leverages AIforpredictivemaintenance and optimized depreciation strategies, maximizing asset lifespan and value. Seamless Integration Effortlessly integrates with yourexisting ERP systems (SAP, Oracle) and accounting software for a unified view.

  5. Key Benefits of impenn 75% 20-30% Improved Asset Utilization Boostoperationalefficiencyby maximizingtheuseofyourexisting assets. 15-25% ReducedMaintenance Costs Lowerunplannedrepairsand expensesthroughpredictive insights. 99% FasterAuditReadiness Streamlineyour audit processesand significantly reduce preparation time. RegulatoryCompliance Maintain high accuracy in asset records for adherence to all regulations.

  6. Core Features of impenn's Platform Asset Tracking & Tagging:RFID, barcode, and GPS integration for precise location and inventory. Depreciation Management: Supports 10+ methods (straight-line, DDB, MACRS) with automated calculation. Maintenance & Service Scheduling: Proactive alerts, work order generation, and comprehensive service history tracking. Reporting& customizable dashboards, tracking. Mobile Access: Real-time data updates and management from any location via a dedicated mobile application. Analytics: reports, and Over intuitive 50 essential KPI

  7. Client Success Story: Global Manufacturing Corp. "Implementingimpenntransformedourasset managementfromareactivestruggletoaproactivestrength.Thesavingsandimprovedaccuracy have been remarkable." - CEO, Global Manufacturing Corp. Through optimized maintenance schedules powered by impenn's predictive insights, the corporation achieved substantial annual savings of $1.8 million by minimizing unplanned repairs and extending asset lifespans. Furthermore, the accuracy of their asset valuation soared from 92% to 99.5%, significantly mitigating audit risks and ensuring robust regulatory adherence. Global Manufacturing Corp., a leader in industrial production, implemented impenn across its 12 global facilities in 2022. This strategic move aimed to standardize asset management processes and gain greater visibility into their extensive asset base. Within six months, impenn's solution helped them reduce "ghost assets" (unaccounted for or misidentified assets) by an impressive 85%. This led to significant improvements in inventory accuracy and reduced potential financial discrepancies during audits.

  8. Conclusion: Unlock Your Assets' Full Potential In today's dynamic business environment, strategic fixedassetmanagement is notmerely an option4itis an essential pillarforcompetitiveadvantage. Impennprovides the advanced tools and insights necessary to transform reactive asset management into a proactive strategy for value creation. Visit Website for more Information : www.impenn.in

More Related