A multi-national company and a leading payment services provider in ATM machines deployments and maintenance.
The company has ~74k assets available at ~13k locations across India. With such a distributed asset base, company wanted to track physical existence of the assets by way of tagging of assets and real-time status. The critical business risk that company wanted to control was asset thefts, physical damages and non-operative assets which impacts the revenue.
Fixed Asset tracker covers entire asset life-cycle starting from assets receipt at warehouse - issue of assets to locations - location transfers - asset retirement. Each asset is tagged with a QR code which can be easily scanned by any hand-held device. With detailed information of assets on the go, FA tracker also tags geo-location of each asset and save physical images of assets.
The product also manages the life cycle of each location - right from activation of site and closure of sites. With a separate physical verification module for auditors and transaction logs for each change, physical asset reconciliation with FAR, FA tracker has proven to be the most reliable tool by the auditors.
Reduction in the theft instances.
Improved revenue with timely activation of sites.
User-wise responsibility mapping with micro level details.
Enhanced use of physical verification audits.
Easy and fast reconciliation of physical assets with FAR.