Welcome to The Olin Wagner Group - Asset Management & Equipment & Machinery Appraisals

Asset Management- Asset Inventory

Studies have shown that over 50% of assets records are inaccurate and as much as 30% of reported assets no longer exist. The consequences of this situation have a ripple effect that ultimately has a negative impact on profitability/stability or, worse yet, be the cause of unwanted governmental scrutiny.

Having an independent firm that specializes in asset inventories utilizing the latest technology yields better results, faster turn around times and more accurate data, than trying to accomplish this task internally. A firm that specializes in asset inventories gets the job done efficiently and professionally, avoids any possible appearance of a conflict of interests, and – in many cases – adds important new value to a client company or third-party service provider.
Asset Management is a key element of any organizations business plan and financial condition.

OWG can perform a complete Physical Inventory or partial evaluation using the latest bar code scanning and reporting software that can be reconciled to your existing inventory list to increase accuracy and reliability to acceptable levels.

Our highly skilled staff enters asset data on handheld PCs that have over 15 descriptive fields to accurately identify each item inventoried. The fields can be customized for each client so the information that is important to you will be recorded with that asset. Bar codes labels are placed on the items and the detailed description, along with a picture if desired, will be entered into a database for future retrieval. 15+ internal validation checks ensure data integrity for accurate reporting.

Once the data is entered and validated, the database is available to the client via an internet connection and is password protected. Clients may access their database from any internet connected PC and query the data utilizing an infinite number of parameters. Reports can be customized for particular uses.

The accounting module allows the client (or client’s CPA) to have depreciation schedules for all assets identified during the survey. Depreciation (total/yearly/monthly) Original purchase cost/date, economic life, location and condition can all be recorded in the database.

Because we are Certified Machinery & Equipment Appraisers (CMEAs), Olin Wagner Valuation Group personnel can also provide market value, forced liquidation value, orderly liquidation and insurable values on any assets inventoried.

The accuracy and reliability of your inventory data is time sensitive. Updates to the physical inventory list and valuations will be necessary on a regular basis. When performing a repeat physical inventory, we find that the time, and, therefore, cost are significantly decreased. Cost savings are passed on to the customer and can be up to 30% off the next physical asset survey.

Our customized software, Assetelite powered by BarScan, has been developed for completeness and ease of use. It is internet based and offers a simple interface to mine data and produce reports containing the specific information you are looking for.Your accountant and financial department will thank you for providing a powerful tool with which they can produce customized reports quickly and easily.

The data is available from any internet connected PC and is password protected for your security. Once data from a physical asset inventory is uploaded, the information can be queried using any field in the database.

TOP OF PAGE