Transformation Stories

The largest Gold NBFC erases Fixed Asset maintenance worries

Challenge

  • Tracking of assets across multiple locations
  • Due dates of AMC, warranties missed leading to penalties
  • Audit challenges due to multiple locations
  • Timely Reporting asset maintenance

Solution

FAMS mobile application has the Geo tagging facility than enables real time tracking of assets. The centralized reports are also available on real time basis to the management for auditing purpose.

Result

  • Accuracy in count of assets as per classification and sub classification
  • Tracking of assets made hassle free and aids management
  • Automation resulting in streamlined process of audit
  • Reduced man hours
  • 100% accuracy in report generation
  • Adherence to report generation as per various norms
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