Fixed asset management services involve the verification, tracking and management of physical assets to ensure accuracy, control and compliance with financial and regulatory requirements.
Overview
Managing fixed assets across multiple locations can create challenges in maintaining accurate records, ensuring compliance and supporting audit requirements. Incomplete or outdated asset registers can lead to financial discrepancies and regulatory risks under frameworks such as CARO 2020 and the Companies Act 2013.
We provide structured asset verification and management services that combine on-site inspection with digital systems. Our approach aligns physical assets with financial records, supports regulatory compliance and establishes a reliable foundation for asset tracking, reporting and lifecycle management.
Strengthen control and accuracy across your asset base
- Improve asset visibilityWe provide verified, location-specific asset data to give you a clear and accurate view of your asset base.
- Ensure regulatory complianceWe align asset records with statutory audit expectations and applicable regulatory requirements.
- Reduce financial discrepanciesWe reconcile physical assets with accounting records to identify gaps, such as missing or duplicate entries.
- Enhance audit readinessWe deliver structured documentation and reports that support efficient audit processes.
- Enable real-time trackingWe support systems that provide ongoing visibility of asset movement and status.
Explore our fixed asset management services
- Physical verification and asset taggingWe conduct on-site verification and apply barcode, QR or RFID tags to uniquely identify and track assets.
- Fixed asset register (FAR) creation and optimizationWe create or update asset registers to ensure completeness, standardization and compliance with regulatory requirements.
- Asset reconciliation and validationWe align physical verification data with financial records to identify discrepancies and improve accuracy.
- Digital tracking and system integrationWe support asset tracking systems that integrate with ERP platforms such as SAP, Oracle and Tally.
- Reporting and compliance supportWe provide structured reports aligned with audit, governance and statutory requirements.
- Training and ongoing supportWe support your teams with training and processes to maintain long-term asset accuracy and compliance.
Why SGS?
As the world’s leading testing, inspection and certification company, we provide independent verification and structured asset management services that support accuracy, compliance and operational control. We combine on-ground inspection with digital systems to deliver reliable asset data and consistent reporting.
Our experience in verification, audit support and regulatory alignment enables us to support organizations across industries in maintaining asset integrity throughout the lifecycle.
FAQs
Physical verification ensures that recorded assets exist, are correctly located and match financial records. This helps reduce discrepancies, prevent losses and support audit readiness.
A Fixed Asset Register is a structured record of all assets owned by an organization, including details such as location, value, condition and identification. It supports financial reporting and compliance.
Asset tagging using barcode, QR or RFID technology enables unique identification of assets, supports tracking and improves accuracy in verification and reporting processes.
We align asset records with regulatory requirements, such as CARO 2020 and the Companies Act 2013, supporting your statutory auditors and enhancing corporate governance.
Asset reconciliation compares physical asset data with financial records to identify discrepancies, such as missing, duplicate or unrecorded assets, helping improve data accuracy.
Yes, asset tracking platforms can integrate with ERP systems such as SAP, Oracle and Tally to enable consistent data management and real-time visibility.
Verification frequency depends on regulatory requirements and internal policies, but regular periodic verification is recommended to maintain accuracy and compliance.
Helpline Number
SGS House 4B, Adi Shankaracharya Marg, Vikhroli (West),
Mumbai, Maharashtra, 400 083,
India