Asset & Inventory management outsourcing services
BBO & Partners can help you build the processes required to deliver timely and accurate inventory counts.
As you know, a physical asset inventory is a complete process of managing asset identification, location, and condition. Regular asset inventories are a key part of operations and quality management procedures. Collecting this information is important for tooling utilization, theft prevention, maintenance management, and budgeting.
We provide useful information for fixed assets management, enabling the company to optimize cost-benefit.
Review of rules and procedures
We define capitalization, grouping, control and identification criteria. We implement procedures for data maintenance.
Physical count norms
We define physical count standards for fixed asset identification, description and the decision to capitalize/expend.
Initial and periodic counts
We conduct physical counts under the established rules, duly labeling in the process.
Initial and cyclic physical counts in compliance with company-wide asset definitions and terminology, coding and tagging.
Fixed asset management outsourcing
Periodic inventories, tagging, monthly analysis of additions, transfers and disposals, databases maintenance and reporting.
Data reconciliation
We analyze the books to detect and cleanse records for assets unduly grouped, misclassified, transferred or disposed of; we also include erroneously expensed assets.
Reconcile physical count with existing asset registers.
System implementation and Migration to corporate ERP platform
We implement fixed asset modules such as Sage 1000 or others (fixed asset management).
We migrate the cleansed database to the corporate ERP platform.
Asset management procedures
Develop norms and procedures to identify, describe and manage assets.
Purchase Price Allocation
Allocate purchase price to the different types of assets involved in a business transaction.
Compliance with international and local accounting standards.
