Take Fixed Asset Management Automation a Step Further

 

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In the wake of the recession, the topic of fixed asset management has become increasingly important. Maximizing tax savings through accurate depreciation deductions is an easy way CFOs can ensure a finance organization is doing everything it can to manage costs and protect the bottom line. A process for managing and accurately calculating an organization’s fixed assets must be well-designed, effective, and measurable. Technology has enabled innovation in how to approach fixed asset management.

How can organizations automate this process in a "better way?" What are the best practices for conducting physical inventories of fixed assets and then updating the accounting ledger? How can looking at an organization’s key performance indicators gauge how automated and optimized its fixed asset accounting is?

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