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Asset Management is the process of creating, developing, sustaining and trading or selling the assets of a company in a manner that is cost-effective. It is a term associated with the entity or organization that manages the asset holdings on behalf of another entity or company.
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Why is Asset Management Important for an Organization? www.avendus.com/india
Meaning Asset Management is the process of creating, developing, sustaining and trading or selling the assets of a company in a manner that is cost-effective. It is a term associated with the entity or organization that manages the asset holdings on behalf of another entity or company. A company’s assets can be divided into fixed and liquid assets. With asset management, a company can have better control over the future returns on its assets. www.avendus.com/india
Quick Benefits Asset management companies in India make it easy for individuals and organization to keep a track of their assets - both liquid and fixed assets. This gives all the stakeholders a better idea of where their assets are located and how they’re being used. Regular checks also help organizations record the accurate value of assets in the books. www.avendus.com/india
Risk management Asset management can help companies manage the risks arising from the ownership of certain assets. This is because regular checking and maintenance of records help the company keep a bird’s eye view on all the current and future risks that can arise due to mismanagement of assets. www.avendus.com/india
Identifying ghost assets Many times, it so happens that companies often record lost, stolen or damaged assets in their books. This leads to an inaccurate picture of the company’s financial position. With a robust asset management process in place, it becomes easier for companies to identify the ghost assets and remove them from the company’s records. www.avendus.com/india
Asset Management Firms Companies usually hire expert financial organizations to invest pooled funds on their behalf in the form of stocks, bonds, long short funds in India, real estate and more. These firms usually cater to a high net worth individual or company which have big asset holdings and cater to their every need. www.avendus.com/india
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