End to End Fixed Assets Management (FAM) Solution
comprising of physical verification, variance identification, reconciliation of quantity
& values with the books, updation of new FAM software, coding & tagging of assets
and sharing a sustainability guidebook for future verification and management by the
management.
Approach
Study of existing
SOP & FAR
Design &
facilitation of Entity Level Controls
Design &
Operating Effectiveness – Mega Processes
Suggesting
remediation action for deficient controls
Process Owner and
Board & Audit Committee sign off
Delivery
Physical
verification sheets
Updated Fixed
Assets register tallying with above & books
Bar coded / Tagged
assets
Location mapping in
System
Value Added
Identified assets
not recorded in the FAR worth lakhs
Did tagging of 26k+
assets
One time System
entry
Identification of
suspect cases of Frauds
Project Details
Sector: Healthcare
Region: Mumbai
Year: 2015-16-17
Solution: End to End Fixed Assets Management Solution
