Expert Fixed Asset & Inventory Audit Support. Assured Accuracy & Zero Disruption.
Ensure optimal resource utilisation and precise financial reporting with MYND's Fixed Asset & Inventory management service. Our expert auditors verify your fixed assets and inventory records, ensuring complete accuracy and transparency across locations. Clear insights empower you to identify discrepancies, optimise asset utilisation, rapidly complete final reconciliations and forecast shortages or excesses with ease.
Tech-optimized audits
Our highly trained auditors use barcode & RFID tagging to track and prevent discrepancies
Granular reporting & analytics
Detailed reports to get actionable insights, flag variances and speed up final reconciliations
Scalable Service Infrastructure
Rigorous planning, route mapping and logistics management for large-scale audits
Track. Report. Plan. End to End Asset & Inventory Management.
MYND's fixed asset & inventory service offers a comprehensive solution that can be customised and scaled according to your requirements. Expert back-end and field teams work together to deliver a modular, end-to-end service covering everything – from audit training to tagging to final reconciliations.
End-to-end Asset Lifecycle Management
Leave behind inaccurate asset registers, increased depreciation costs and financial discrepancies with comprehensive asset lifecycle management from tagging and verification to final reconciliation.
Project Planning Approach
Align asset management initiatives with your organizational goals with rigorous FAR reviews, established timelines and asset mapping.
Physical Asset Verification
Get rid of ghost and zombie assets with thorough on-site inspections with expert-led barcode scanning, fresh asset tagging, on-site reconciliation and SPOC validation.
Comprehensive Reporting
See your assets and inventory levels instantly with detailed reporting of variances, discrepancies, compliance percentages and shortages with actionable insights and accurate reconciliation data.
Cross-trained Expert Teams
Streamline your audit management process with field teams trained for every audit task and back-end teams that handle training, deployment and end-to-end coordination with SPOCs. Regular on-site and remote training ensures uniform alignment with client requirements.
Customisable Dashboards & Automated Updates
Make decisions in real-time with user-friendly, customizable MIS dashboards and auto-mailers for instant updates to all stakeholders.
A Fixed Asset Solution Tailored to Your Needs
Whether you are seeking brand consistency across outlets, verifying fixed assets, or reconciling complex inventory data, MYND customizes solutions to match your exact requirements.
Fixed Asset Management
- End-to-end FAR (Fixed Asset Register) preparation and capitalization.
- Physical verification of assets.
- Barcode-based tagging and reconciliation against FAR.
Inventory Management
- One-time or periodic verification of inventory.
- Reconciliation of inventory records with ERP data.
- Field activity reports, including variances and observations.
Turning complexity into clarity, enabling confident financial decision-making
Manufacturing
Streamline large-scale inventory management with better control and minimal disruption through:
- Enhanced visbility and control
- Reduced discrepancies across plant locations
- Frequent cycle counts
Healthcare
Get ahead of stringent regulatory measures, unaccounted assets and financial waste with:
- Minimized manual effort and errors
- Diverse asset tracking across departments
- Proactive audit readiness and reduced asset fatigue
Retail
Easily handle omnichannel complexity, inventory shrinkage, and scaling demands with:
- Enhanced visibility into theft, fraud, and admin errors
- Reduced discrepancies in system records across warehouses, fulfillment centres, shops, etc
- Minimized integrations and enhanced scalability
Unmatched Accuracy. Complete Compliance. Proactive Planning.
Enhanced Compliance Rates & Governance
Achieve over 85% compliance across locations
- Exception reporting
- Quick corrective measures and adherence timelines
- Detailed compliance dashboards
Financial Loss Reduction
Mitigate financial risks from inaccurate record-keeping.
- Location-wise variance reports
- Ensured true-up of book inventory with physical records
- Optimised inventory forecasting and management
Operational Excellence
Streamlined and standardised operations, everywhere
- Assessment of process bottlenecks
- Best practice & SOP implementation
- Early identification of compliance improvement areas
Actionable insights to Drive Planning
Granular visibility, informed insights, proactive planning
- Exception reports on shortages, excesses or quality lapses
- Timely updates with instant reporting and auto-mailers
- Location-wise balance scorecards for ranking audit performance
- Contextualisation, expert insights enabling better planning
Increased Accuracy & Transparency
Reduce manual errors and discrepancies in asset tracking and inventory levels
- Barcode-based scanning & fresh tagging
- Expert-led field audits for physical verification
- AI-driven reconciliations
Stronger Accountability & Continuous Improvement
Drive accountability with transparent reporting & feedback
- Track actions post-audit to ensure follow-through
- Promote a culture of continuous compliance and improvement
- Strengthen internal controls through periodic reviews
Benefits Tailored to Your Role
Discover how MYND's Fixed Asset & Inventory Audit Services deliver value across different stakeholder groups
Data-Driven Decision Making
Leverage real-time reporting and actionable insights to make informed strategic decisions.
Stronger Governance & Risk Mitigation
Ensure compliance with financial regulations and internal policies through verified asset records.
Optimized Capital Planning
Improve budget forecasting and capital expenditure decisions with reliable asset data.
Accurate Financial Reporting & Compliance
Ensure precise asset valuation, depreciation tracking, and adherence to accounting standards.
Improved Internal Controls & Accountability
Maintain transparency with audit trails that enhance oversight and reduce discrepancies.
Enhanced Asset Visibility & Utilization
Track asset availability in real time to minimize downtime and maximize efficiency.
Streamlined Maintenance & Lifecycle Management
Reduce costs and extend asset lifespan with proactive tracking and upkeep.
Don't Just Take Our Word for It
Real results from organizations that transformed their asset and inventory management with MYND
Enhancing Hospital Service Reconciliation Efficiency
Service
Claims Management & Reconciliation
Challenge
A healthcare provider network experienced 35% delayed submissions and inconsistent reconciliation of patient services.
Solution
MYND deployed timely billing processes, quality audit frameworks, and automated cash application systems.
Outcome
90% on-time submissions, 65% faster account reconciliation, and 28% improvement in overall collection rates.
Streamlining Tender Reconciliation for QSR Chains
Service
Cash Management & Reconciliation
Challenge
A national QSR chain struggled with cash variances across 200+ locations and delayed deposits, creating security risks.
Solution
MYND implemented a centralized reconciliation system tracking cash, card, and digital payments with automated deposit scheduling.
Outcome
95% reduction in reconciliation errors, 40% faster bank deposits, and eliminated cash shrinkage across all locations.
Optimizing Rental Equipment Collections for IT Services
Service
Revenue Cycle Management
Challenge
A technology rental company faced 45+ day payment cycles and 30% billing query rates, affecting cash flow.
Solution
MYND established quality audit protocols, scheduled follow-ups, and multi-channel collection touchpoints.
Outcome
Reduced DSO from 45 to 30 days, decreased billing queries by 75%, and improved working capital by $2.8M annually.
Decades Of Reliability and Proven Audit Excellence Built on Experience, Executed by Specialists, Trusted across Industries
We bring two decades of specialized audit proficiency, extensive technology investments, and a managed services approach that delivers unwavering accuracy and efficiency.
Domain Expertise
Expertise matters. With 20+ years of experience, and a diverse portfolio of clients across industries, MYND has a proven track record of delivering rigorous and accurate fixed asset and inventory management.process without causing any disruptions. Our expert auditors don't just verify assets; they bring context, uncover gaps, and offer actionable insights that help you improve controls, stay compliant, and plan with confidence.
Proprietary Technology
MYND's in-house application, ASSURE, makes audits easy with GPS tagging, offline capabilities photo uploads and system-triggered auto-mailers. Customisable dashboards and detailed reports show you location-wise variance reports, compliance percentage rankings and asset-specific reconciliations.
Scalable Infrastructure & Logistics
MYND's project management approach involves rigorous planning, route mapping, and logistics management for large-scale audits, ensuring seamless execution across multi-location businesses with complex audit needs.
Flexible & Modular Processes
MYND customizes solutions so clients can choose specific modules – whether that's regulatory compliances, fixed asset verification, or inventory audits. Our structured project management consists of well-defined SOPs that have been streamlined to handle audits with ease whether end-to-end or for specific modules.
Getting Started With Your Fixed Asset & Inventory Audit It's Easy. We Promise.
Tell Us Your Focus Areas
Simply let us know what areas you'd like us to focus on during the audit. Whether it's inventory accuracy, fresh asset tagging, or asset-specific reconciliations, we'll tailor our offering to meet your specific needs.
Just Point us to the Data – Integrations & Migration Assistance Assured
No need to worry about digging through records. We'll tell you exactly what we need and provide ERP integrations and data migration assistance to access it easily.
We'll Keep Your Team in the Loop
Communication is key. We'll inform your team about the audit and guide them on the assistance we need. Clear instructions on collaboration ensures a smooth experience for all.
Minimal Disruption to Operations
Our audit process is designed to be as unobtrusive as possible. We'll schedule our activities to fit around your operational hours, ensuring there's no disruption to your daily activities while we collect the necessary information.
Actionable Insights and Next Steps
Once the audit is complete, we'll provide you with clear, actionable insights. Our team will walk you through the findings and collaborate with you on the next steps, helping you use the results to drive improvements and growth.
Your Questions Answered
Find answers to common questions about MYND's Fixed Asset & Inventory Audit Services
What software integrations does MYND offer?
We seamlessly integrate with popular ERP, POS, and accounting systems such as SAP, Oracle, Tally, and more. Our open APIs enable smooth data sync for store, asset, and inventory records.
How does MYND ensure data privacy and security?
We use advanced encryption protocols, secure cloud hosting, and strict access control. Our processes align with ISO standards, safeguarding your critical financial and operational data.
How does MYND help with user adoption?
We conduct role-based training sessions, provide intuitive mobile apps, and offer dedicated support to ensure all stakeholders quickly adapt to new processes and tools.
What sort of service and support options are available?
Our managed services model includes dedicated account managers, 24/7 customer support, and flexible engagement plans—ensuring continuous assistance and seamless audit cycles.
How does MYND tackle implementation challenges?
Our phased implementation approach, robust training, and project governance framework help navigate technical, operational, and cultural hurdles. We strive for minimal disruption and maximum ROI.
How do we get started with MYND's Audit Services? What are the steps from the first call to kick-off?
We begin with an in-depth requirements analysis, propose a tailored solution, and outline a detailed project plan for your sign-off. Upon approval, our experts initiate data migration, training, and pilot audits before scaling up.
Ready to Start?
Get a Free Consultation with our Experts and transform your asset and inventory management today
