In the BFSI (Banking, Financial Services, and Insurance) sector, effective management of fixed assets is crucial for maintaining financial health, ensuring regulatory compliance, and optimizing resource utilization. Fixed asset management involves tracking, maintaining, and accounting for physical assets such as buildings, equipment, and technology.
By implementing a robust fixed asset management system, financial institutions can enhance operational efficiency, reduce costs, and gain accurate insights into asset performance and value. This guide outlines the key features, benefits, and best practices for fixed asset management in the BFSI sector.
