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Showing posts from June, 2019

Significance of Fixed Asset Compliance in small to large scale Organizations

Worthless to say that every business owner should comply with all corporate governance related to Fixed Asset Management. The fact is asset depreciation should be analyzed in adherence to multiple compliances like New Companies Act 2013, SEZ, Income Tax Act, STPI, etc. In brief, each logistics stakeholder agrees that SOX/STP/CT3/SEZ compliance is quite daunting, cumbersome and time-sucking activity but it must be accomplished as per STPI, Customs or Central Excise departments. In a case of any breach, the business owner has to pay a lump sum penalty. Hence, every organization must adhere to these complaints. Moreover, there are many business owners who wish this mandatory activity should be automated to bring peace of mind. Thus, to cater to fixed asset compliance , TRAXX Fams offers SOX/STP/CT3/SEZ module, which helps organization adhere to the compliances only with tiny efforts and time because all the compliance related annexure and reports will be automatically generated from t

How significantly IT Asset Inventory services offered by TRAXX ?

For every organization, it inventory management software is highly recommended as it helps to record the assets’ in an effectual manner. RCS assists the organizations to fetch a keen level of data visibility of IT asset environment. The fact is, asset inventory services become the foundation for tactical and strategic IT Asset Management objectives. Why should you need RCS as it inventory management software? Being a leader in IT Asset Inventory services , RCS ensures baseline inventory projects with the top-notch quality, in a short framework along with a very little disruption to operations environment. This process is massively reliable, complete, and consistent. To ensure more reliability, RCS affixes a unique asset tag numbers to every asset and correlated to the asset records, which results in further enhancement in the management of IT assets. Moreover, while indulging in this worthwhile Fixed Asset & InventoryTracking solution, you will experience high custome

Why does Enterprise asset management software highly valuable?

Enterprise asset management software  is a process which helps the businesses to manage the life cycle  of physical assets to enhance their use along with saving money, improving quality and efficiency and safeguarding health, safety and the environment. This software is highly appreciated to those industries or businesses which have expensive and complex physical assets like plants, vehicles, and heavy equipment. Some users of EAM software includes mining, energy, government, oil and gas, shipbuilding, utility, and aerospace and defense  industries. Hence, if you are one from any of these, then you must avail this effective software as it will enhance the value of physical assets available in your business by avoiding wastage's . The fact is, earlier asset management was done on paper but now being a part of a technological world, this task has been efficiently managed by the EAM software. Benefits of enterprise asset management To avail the Enterprise asset management