Related to various systems that monitor and maintain various valuable aspects (wealth) of a group, every company must have asset management. Moreover, assets that must be managed are tangible assets such as buildings and intangible assets such as humans, intellectual property rights, goodwill, and financial assets. This systematic process is carried out to develop, operate, maintain, and improve the assets with effective costs associated that recorded on financial transactions.
Within the scope of accounting, asset management is usually carried out to manage investments on behalf of others. For example, investment managers who manage pension assets. Assets in an economic perspective are goods owned by an organization with economic value, commercial value, and exchange value. Within the scope of the company, assets have a very large exchange rate, for this reason, asset maintenance is needed that continues in a company. If you have assets that have been damaged or no longer have exchange rates, you can use the services of Tecdis. By using Tecdis to managed asset recovery services your assets that have been damaged and have no exchange rates can be useful for the company.
Asset Management Objectives
The goal of asset management is to keep assets high and have a long life span by providing adequate operating costs to produce high output efficiently. Asset management is different compare to cash management, it must be able to provide satisfaction to its customers by applying laws and safety aspects to create a good image in public. Any kind of consideration can be helped by the existence of asset management to provide services in an optimal, effective, and efficient planning, procurement, use, utilization, optimization, elimination, risk and cost management in taking care of asset life cycle. With the management of assets, the clarity of asset is clear, so that the owner does not encounter legality problems in the utilization of assets.
The Importance of Asset Management
Good asset management for companies can reduce expenditure figures and increase cash income. Asset management is an integral part that involves management at all levels so that it must properly implemented in all divisions of the company. Here are the importance of asset management in the company:
- Maintain Asset Value
Good asset management is needed by the company so that the value of the assets owned remains high.
- Security and integrity of assets maintained
A considerable amount of assets in a company cannot be controlled one by one and safeguarded.
- Monitor Depreciation Asset
One risk that needs to be considered when using fixed assets is depreciation. Depreciation is the lack of value of each asset. Assets should be maintained well to prevent depreciation.
- Purchasing Assets in The Right Manner
Asset management can control the excess and unnecessary purchases by the company.
- Risk Management Can Be Done
Risk management is a method for identifying, analyzing, assessing, controlling, avoiding, minimizing, and even eliminating risk in a company.
Companies that implement asset management should be able to implemented risk management to protect assets from a variety of unexpected threats