According to independent research, many organisations are using inefficient fixed asset management procedures and inadequate asset management software. In response to these findings, asset management specialist Assetware, www.assetware-
A study by Gartner indicates that up to 30% of organisations are in a ‘chaotic’ state, meaning that they do not know what they own, where the assets are located or who is using them. According to research by KPMG, UK companies are wasting £17 billion a year because managers have not applied proper asset management concepts. Other research indicates that companies are overspending by up to 40% because of under-utilisation, inefficient maintenance and petty theft of their assets.
“These findings bear out our experience,”
Assetware’s new Guide is a succinct summary of key asset management issues. It includes a review of the vital issues in financial asset management, guidelines on carrying out an asset inventory, and an overview of IT asset management. For smaller businesses currently using spreadsheets for asset management, there is a summary of their advantages and pointers to their drawbacks.
Continues Harlick ‘Our “Least you Need to Know about Fixed Asset Management’ is a practical reference guide. It’s intended to alert people to the importance of asset management, and show them the real bottom-line benefits they can get from putting in place best practice fixed asset management. We’re offering the Guide free, and we anticipate that a lot of people will benefit from it.”
“Perhaps the next time there is a fixed asset management research survey,” concludes Harlick, “the results will be a lot better!”


