Mynd helps clients manage their Fixed Asset Management & Capitalization as an end-to-end service provider covering the broad areas of capitalization, lifecycle management, and physical verification & tagging and process setup. We facilitate in establishing best practices through setting up quantitative controls on fixed assets. We have capitalized fixed assets for companies ranging from small scale units to multi-billion dollar organizations having numerous businesses and wide-spread sites spread across varied geographical terrains. Mynd offers a SaaS Model solution for supplementing service delivery in the area of fixed asset life cycle management. Mynd has also trained its teams to fulfill clients’ Fixed Assets related requirements across the globe and is now fully evolved as an end to end Fixed Asset Life Cycle Solution Provider.
Mynd performs the below set of activities as part of the Fixed Assets Management Process-
Mynd Solutions understands the dynamic needs of clients for managing their Fixed Assets life cycle. Over the years, we have gained specialization to provide solutions for:
- Initial creation of FA database from multiple sources in an organization,
- Physical verification including bar coding, & RFID solutions.
- Reconciliation of physical results with FA registers and provision of solutions for the gaps identified.
- Define process and controls for tracking life cycle of assets.
Our Fixed Assets Management Service commits the below primary benefits to customers-
- Uncovering of improper capitalization, movement and disposal of fixed assets
- Accurate records that are linked directly to the physical asset through unique barcode tag
- Maintenance of precise fixed asset records with working condition of asset
- Avoidance of unnecessary purchases
- Tracking of Leased/rental equipment
- Accurate insurance premiums
- Independent physical verification/ audited reports at regular intervals