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Asset tagging is the process of attaching tags or labels to assets to identify them and track data from real-time location to maintenance history. These tags can be assigned to both fixed and moveable assets that are spread across several locations making sure businesses have an all round view of their assets. Asset tagging when…

Asset Verification and Tagging means the identification, tracking, and controlling of assets with tags in order to avoid asset misappropriation and maintain smooth operations throughout. Asset reconciliation is a very important part of asset management. It is the process of reconciling the discrepancies between a physical inventory of what exists and the Asset record as…

Asset auditing is a process of verifying the assets. These assets can include physical property like buildings, furniture and fixtures or software licenses, stocks, bonds and many more types of intangible possessions. Asset auditing helps a company to confirm and verify whether it possesses all the assets listed on a balance sheet or financial account.…

Some of the biggest issues facing asset management is the problem with monitoring and managing the assets manually. When the assets exist for long term there might be a chance that the asset is not registered. Manual asset management has several other complications: Manual data entry, error-ridden processes, and inaccurate data The unstructured asset management…