![Propelsum - Fixed asser verification service](http://propelsum.com/wp-content/uploads/2021/08/Fixed-Asset-Verification-and-Tagging.-1.jpg)
Fixed Asset Verification Services
Streamline your fixed assets with on-ground verification, tagging, mapping, and reconciliation
Introducing Fixed asset verification services
![Propelum - Physical Asset Verification](http://propelsum.com/wp-content/uploads/2021/08/Propelum-Physical-Asset-Verification.webp)
Physical Asset Verification
Wall to Wall Physical Asset Verification ensuring complete coverage of assets on the ground.
- Floor-to-book and Book-to-floor verification
- Onetime or periodic asset verification services
- Counting of non-taggable assets
- Identification of extra assets
- Standardized & comprehensive asset information capturing
- Seamless supervision and coordination
Tagging/ Labelling of Assets
Barcode/ QR Code/ RFID etc. based tagging/labelling solutions to ensure better faster recurring verifications.
- Passive tracking with barcode, QR-Code labels
- Active tracking with RFID and BLE labels
- Standardized or customizable asset label designs
- Tag reconciliation for high data accuracy
- Paper, vinyl, metal, cloth, Ceramic tags material for different asset types
- Lamination or chemical treatment for enhanced tag life and readability
![Propelsum - Tagging Labelling of Assets](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Tagging-Labelling-of-Assets.webp)
![Propelsum - Mapping & Reconciliation](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Mapping-Reconciliation.webp)
Mapping & Reconciliation
Matching of Physically Verified Assets with Book records.
- Physical inventory mapping to financial records
- Multi-level, multi-logic, multi-parameter data mapping
- Notional mapping for non-taggable and non-verifiable assets
- Classification of mapped, unidentified and additional assets
- Manual or automated data reconciliation options
- 2-stage reconciliation process for lower discrepancies
Software Support
Providing Software Support for preparing data as per client-owned software (or) suggest FAM software to streamline your day-to-day asset management.
- Advisory on right Enterprise asset management software
- Data preparation and transformation support
- Software implementation support
- On-premises, On-Cloud, SaaS solutions
- Integration with source systems, hardware devices and 3rdparty applications
![Propelsum - Software Support](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Software-Support.webp)
![Propelsum - Training & SOP Documentation](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Training-SOP-Documentation.webp)
Training & SOP Documentation
Preparing SOP Documentation tailored to the organization’s requirements & training of client staff to put better check & balances in place.
- Understanding existing processes, structures
- Analyzing department wise requirements
- Analyzing risks and challenges
- Preparing tailored SOP documentation
- Staff training for adherence to SOPs
Reporting & Support
Preparation of reports as per the formats specified or desired by your auditors/stakeholders.
- Data capture & reporting in pre-agreed standardized formats
- Comprehensive final reports with approach, summary and observations
- Data annexures to support final figures and observations
- Reporting supported by asset verification data capture sheets with department sign-offs
![Propelsum - Reporting & Support](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Reporting-Support.webp)
Project approach
![](https://propelsum.com/wp-content/uploads/2021/10/Project-approach-1-1024x417.png)
Standard scope of Fixed asset verification services
- Physical assets verification in accordance with the compliances.
- FAR Review, approach finalization & resource Mobilization.
- Suggesting intelligent coding schema & designing of labels.
- Matching of physical assets with financial records & preparation of Gap report.
- Support w.r.t upload of FAR into software/ suggesting software based on “Best Value” concept
Standard deliverables of Fixed asset verification services
- Verified and tagged assets
- Physically verified asset register in the agreed format.
- Reconciled & cleaned up FAR
- Detailed Project & Gap Report
- SOP & Support
Hardware & Stationery
![](https://propelsum.com/staging/wp-content/uploads/2021/10/Barcode-printer_adobespark.png)
Barocde printer
![](https://propelsum.com/staging/wp-content/uploads/2021/10/Barcode-scanners.png)
Barcode scanners
![](https://propelsum.com/staging/wp-content/uploads/2021/10/RFID-handheld-scanners.png)
RFID handheld scanners
![](https://propelsum.com/staging/wp-content/uploads/2021/10/RFID-fixed-scanners.png)
RFID fixed scanners
![](https://propelsum.com/staging/wp-content/uploads/2021/10/Bluetooth-gateways.png)
Bluetooth gateways
![](https://propelsum.com/staging/wp-content/uploads/2021/10/Paper-Polyester-labels.png)
Paper / Polyester labels
![](https://propelsum.com/staging/wp-content/uploads/2021/10/VOID-Vinyl-labels.png)
VOID / Vinyl labels
![](https://propelsum.com/staging/wp-content/uploads/2021/10/Metal-labels.png)
Metal labels
![](https://propelsum.com/staging/wp-content/uploads/2021/10/RFID-tags.png)
RFID tags
![](https://propelsum.com/staging/wp-content/uploads/2021/10/Bluetooth-BLE-tags.png)
Bluetooth BLE tags
Do you need a Fixed asset verification services?
Yes, if you face any of the following challenges;
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Challenge-1.png)
Not having up-to-date and accurate information of all your fixed assets.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Challenge-2.png)
Assets on-the-ground do not match with those in your books.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Challenge-3.png)
No easy way of identification and mapping assets records.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Challenge-4.png)
Assets not being utilized optimally and bottom line being impacted by ghost assets.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Challenge-5.png)
Incorrect mapping of Capitaland revenue expenses and not having accurate FAR for compliances.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Challenge-6.png)
Difficulty in ensuring process controls and Unwanted procurement of new assets.
How does a Fixed asset verification service help?
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Benefit-1.png)
Increased efficiency, better allocation & utilization of your existing assets.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Benefit-2.png)
Ability to better manage assets in the future.
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Benefit-3.png)
Improved visibility and simplified audits and report processes
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Benefit-4.png)
Improved asset life span with due to increased visibility on the condition of assets, in-time maintenance, and replacement
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-5.png)
Real-Time Tracking, prevent theft & pilferage, equipment failure, down-time
![](http://propelsum.com/wp-content/uploads/2021/08/FAVS-Benefit-6.png)
Faster Recurring Inventories due to labelling of assets
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More resources
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