Fixed Asset Control
Services
Contacts
Visit Our Office
Business Bay: Floor 21, Binary Tower by Omniyat, Marasi Drive - Dubai
Give Us A Call
+971 52 216 2624
Mail Us
info@zlsca.com
Fixed Asset Control
Fixed assets control, from acquisition to disposal, is crucial in effectively managing assets. Asset labels are invaluable for businesses, facilitating supervision and tracking of assets throughout their lifecycle. These labels also fulfill audit requirements, meeting the International Accounting Standards Board (I.A.S.B.) standards.
Enforcing and adhering to the corporate Fixed Asset Policy and Processes ensures compliance and seamless asset management.
Additionally, fixed assets control implements measures to mitigate theft risks associated with valuable tools and machinery, safeguarding the company’s valuable resources.
We are Always Ready to Assist Our Clients
developing financial processes and procedures
Why Fixed Asset Control Services?
As per statistics and studies, unplanned downtime cost businesses approximately $260,000 per hour.
Nearly 40% of investments in certain industries are allocated to purchasing equipment and vehicles. Effectively monitoring the performance and condition of machinery and equipment can significantly slow the depreciation rate and ensure proper maintenance of fixed assets.
Adhering to the ISO 55000 international standard, asset management aims to maximize value for money by enhancing equipment quality and useful life while ensuring the best return on investment.
By implementing efficient fixed assets management, businesses can avoid the following costly issues:
- Equipment failures
- Unplanned downtime
- Safety or environmental breaches
- Misplaced or lost inventory
- Failure to meet compliance or regulatory standards
For businesses with extensive inventories, these preventive measures can translate into savings worth millions of dollars, preventing lost productivity, expensive repairs, replacements, and potential fines.
What We Offer
- Efficiently handle equipment and machinery across various locations
- Effectively track and monitor fixed assets
- Optimize operational efficiency
- Lower maintenance expenses
- Maintain comprehensive records of retired, sold, stolen, or lost assets.