Asset Management

A company provides different types of assets to its employees. It could be IT assets like laptops, mobile phones, and SIM cards. Or, it could be physical assets like access cards, toolkits, vehicles, etc.

Keeping an accurate record of assets is required for:

• good asset management in allocation, reallocation, improved utilization, cost management, etc.
• financial auditing
• asset recovery when an employee exits the organization

Ideally, all assets issued to employees are to be acknowledged by the employee either with a paper signature or a digital signature.