Are zombie assets eating your TCO alive?
If you’re responsible for the status and value of your organization’s fixed assets, you understand the challenge to efficiently account for, inventory, and track everything. Research by Aberdeen Group shows 80% of Fortune 500 companies list fixed assets as the largest line item on their balance sheet. It’s a high-priority task across all industries that leaves little room for inaccuracies.
The cost of getting it wrong can add up in a big way. Managing various depreciation rates on your balance sheets is tedious enough, but if a company does not know with certainty what fixed assets it has on the books, which is fundamental for calculating fixed asset depreciation, it will soon have a complex and time-consuming problem on its hands.