Fortify and Amplify your Business
Close management of fixed assets is a necessity for large, asset-heavy
enterprises. This report investigates the motivators, benefits, and impacts of
tracking these resources using fixed asset management strategies.
Implementing a FAM strategy can do more for an organization than improve data infrastructure; those that have a FAM strategy in place are mature in other areas (Figure 4). Companies that utilize dedicated technology for FAM are more sophisticated than those that do not. When comparing the two groups, the data shows that implementing FAM strategies provides room for growth to expand other aspects such as data integration, traceability, and financial consolidation.
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