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The trouble with accurately managing fixed assets with outdated tools
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How effective is your spreadsheet strategy for fixed asset management?
It may appear to get the job done, but the world has shifted to digitizing all business work streams for improved efficiency and cost savings. Managing fixed assets is no different.
Fixed asset depreciation, the process of tracking the life cycles of fixed assets and reporting their value for insurance and tax purposes, is one of the most important financial processes in any business or organization. Fact is, a good fixed assets tracking system is multi-dimensional and more than a spreadsheet can accommodate. And, the bigger the organization, the bigger the system requirements:
Spreadsheets, while useful in many ways, can only take your company so far when it comes to managing fixed assets.
Download the infographic to learn why.
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