5 min read

Sage Fixed Assets - What is it & why do I need it?

By Ashley Lemus on Tue, Sep 22, 2020 @ 01:56 PM

Are you still using spreadsheets to track your organizations assets?

Tracking assets is an important concern of every company, regardless of size. Organizations face a significant challenge to track numerous aspects of their fixed assets including location, quantity, condition, maintenance and depreciation status.

For many organizations, fixed assets represent the largest item on the balance sheet; in fact, a recent Aberdeen report showed that 80% of Fortune 500 firms listed fixed assets as such. With so much at stake, it's no wonder that Aberdeen found 58% of users run a fixed asset management solution. If the company has not correctly recorded their assets they could risk inaccurate physical inventories, over / underpaying taxes and insurance, be out of compliance of state and federal regulations, and be wasting staff time with redundant and repetitive activities as a result.

Topics: Fixed Assets