We verify your fixed assets by working closely together with you to get a reliable assessment of your company's precise requirements and to allow knowledge transfer to your employees.
As a part of this outsourced function, our professionals shall visit your location to verify the assets' physical availability in contrast to the given records on the fixed assets.
Our Approach
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1Understanding the process of procuring Fixed Assets, physical verification and updating processes currently followed by the organization.
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2Review the Fixed Assets structure and classification.
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3Determine a Fixed Assets coding structure.
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4Tag and select equipment.
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5Code and tag Fixed Assets.
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6Plan and manage physical verification of counts.
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7Perform a Fixed Assets physical verification.
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8Record results and updates of the FAR (Fixed Assets Register).
Benefits of outsourcing your "Fixed Asset Verification Processes" to Diol BPO
Establish an accurate baseline of fixed assets
Identify and eliminate 'ghost' assets
A true and fair statement of fixed assets
Results in better internal control and accountability and audit/tax compliance
Error free information support for reliable decision-making
Avoid fraud
Keep things organized
