Asset management is a centralised way of monitoring and managing business assets. Every company needs to keep track of its assets. That way, its investors will know which assets are available to be employed to provide optimal returns.
Find companies in Zambia that manage the assets of businesses - deploying, operating, maintaining, upgrading, and disposing of assets as cost-effectively as possible. This also includes those who manage investments on behalf of others.
Auctioneers help dispose of property and assets belonging to both individuals and companies. Commercial property estate agents assist in the sale or rental of commercial properties as opposed to residential homes. And holding companies as well as companies that offer franchise opportunities both establish and work with structures for groups of enterprises, albeit very different from each other.
Property consultants advise specifically on commercial real estate. And property management companies will manage real estate, such as apartment blocks on behalf of their owners. Property valuation companies specialise in preparing professional valuations, whereas some businesses offer stock management and auditing services.
Types of assets
Business & Asset Management companies deal with fixed assets such as real estate and vehicles, whereas current assets - cash, bank account balances and short term receivables - are primarily managed by internal or external accountants.
Why business asset management?
There are numerous reasons why businesses should be concerned about asset management, including:
Having a proper business asset management system in place will let you track the overall performance of your company's assets. The data you get back will allow you to make sure assets are being utilised efficiently, and gives you the power to review performance and highlight additional unnecessary costs.