Is your Workforce Safe? See how we are helping during the COVID-19 Crisis Click for more details
Connected Warehouse Worker Webinar by
Innovapptive and iOS Platform on July 14, 2020 Register Now
The Connected Worker Panel Discussion by
Innovapptive and IQPC on July 27-29, 2020 Register Now
3 Minutes Read

Asset tagging and Geocoding : Are your Fixed Assets Periodically Tagged, Reconciled and Geo-Coded to Prevent Theft?

Whitepaper: Connected Worker Strategies to Embrace Social Distancing in the COVID-19 Era - Challenges and Opportunities
Download Now

Fixed Asset Tagging, Reconciliation and Geo-Coding

The Enterprise Fixed Asset Tracking Challenge

Managing and tracking fixed assets is an imperative for each and every enterprise, ranging from small businesses to Fortune 500 companies. Although the importance of this topic is very well understood by companies’ financial experts, controllers and executives, large companies have struggled with traditional processes and expensive software to track and reconcile their physical assets to retrieve up-to-date information on their current location and their current state of operation on a periodic basis.

The problem with not properly maintaining records of fixed assets and where they are located, is that there is no information by which to check that all assets are still in place months or years later. Moreover the problem becomes much more complex in business scenarios where these assets constantly move across locations and business partners. This lack of asset knowledge can make an organization vulnerable to unaccounted for asset disappearance.  If it is known that no measures are in place to track the company’s property, what is there to prevent or recognize theft?

Take Preventive Measures before your Next Theft Occurs

An enterprise can take preventative measures to protect its investments by implementing a mobile fixed asset tagging and reconciliation solution. Simple and cost effective mobile solutions integrated to your SAP or ERP system can track fixed assets along with barcode tracking tools, which then later make physical audits faster and more accurate.  The practice of tracking assets and conducting periodic physical audits can help better manage an asset register and recognize theft.  It also has the added benefit of helping to notice shrinkage, deterioration, misuse or loss of assets.

The Enterprise Mobility Disruption – Redefining Processes and Simplifying Fixed Asset Tagging and Reconciliation

Mobility is revolutionizing how businesses operate and provides enterprises a unique opportunity to leverage a simple and cost effective self-service asset inventory verification solution. Innovapptive provides an award winning SAP® certified solution to redefine your existing manual, cumbersome or expensive processes to better manage and track your fixed assets.

A Centrally Managed Asset Reconciliation Process with Mobile Will Transform Your Enterprises Financial Pain Points. Innovapptive’s SAP® certified mobile asset tagging and geocoding solution (mAssetTag) is fully integrated with your SAP system and provides an Add-On module in SAP for your to seamlessly conduct physical asset reconciliation.

The Solution - How does the mAssetTag Solution Work?

mAsset Tag Process

    • Centralized Asset Verification and Reconciliation Scheduler: Innovapptive’s mAssetTag solution offers an asset verification and reconciliation utility tool for your asset managers to centrally manage and schedule periodic fixed asset reconciliation. Based on a specific geographic location, region or plant, asset managers can use this utility tool to select a batch of assets and assign a start and end date to an authorized employee to complete a fixed asset reconciliation.


  • Push Notifications to Initiate Fixed Asset Reconciliation: Employees that have the Innovapptive mobile solution downloaded on their mobile device, receive a push notification with the list of fixed assets that he/she would be required to complete by a specified date.
  • Scan, Tag and Geo-Code Assets: Employees can use the “Near Me” feature on the mobile solution to identify all assets that are in close proximity to quickly scan their bar codes and automatically retrieve all current relevant information from SAP’s fixed asset master record. The employee will have the capability to review this information, enter an inventory note, select an appropriate status and submit back the most current location with automatic geo location detection using the mobile devices GPS functionality.



  • Add New Assets and Generate Bar Codes: Employees can request for addition of new assets if an asset is not found or if the plant received a completely new asset. The mobile solution provides employees with the ability to capture the basic information of the asset and generate a bar code right from the mobile device that can be printed over the air to a wireless printer.
  • Monitor Fixed Asset Reconciliation and New Requests: Asset managers are further empowered with this utility tool in SAP. Asset managers can review the details and most current status of their requested fixed asset reconciliation list and have the capability to approve/reject the updated information or new asset requests to update SAP’s fixed asset master record.
  • Several Fortune 500 companies have already started to adopt Innovapptive award winning solution and saving millions of dollars by proactively preventing theft and up-to-date information of the current operation state of their fixed assets.


Will your enterprise be next? Please contact us to schedule a demo of this solution –

Using Guided Work Instructions to Prevent Tribal Knowledge Loss at Industrial Plants
The Great Crew Change is upon us. If you haven’t heard of this phenomenon yet, you soon will. It’s going to have a tremendous impact on your plant’s...
Read More
Scare Off Ghost Assets & Improve Your Financial Statements through End-to-End Fixed Asset Tracking
Baby Boomers and Gen Xers will remember the cartoon character Casper. Casper was a ghost. But he was different from other ghouls and spooks. Casper...
Read More
8 Evaluation Criteria to Help You Select a Best-in-Class Connected Worker Solution
You’ve decided to join the digital transformation revolution and are now examining a Connected Worker Solution for your industrial facility....
Read More
5 Warehouse Best Practices to Mitigate COVID-19 Risks & Workplace Safety
The current COVID-19 pandemic has highlighted the importance of supply chains in our everyday lives in a dramatic way. Under normal circumstances...
Read More
Connected Worker Risk Assessments to Optimize Your Plant’s MRO Program
No one needs to tell you that maintaining your facilities’ production units, lines and equipment costs a lot of money. And it’s probably not news to...
Read More
A Connected Worker Solution for the Life Sciences Industry
The COVID-19 health emergency is a double-edged sword for the life sciences industry, which is playing a vital role in fighting the pandemic....
Read More
Dynamic Regulatory Forms to Empower the Food & Beverage Industry’s Connected Worker Strategy
Four out of five Americans today live in an urban center, according to the U.S. Census Bureau. Few of these urban residents raise or process their...
Read More
Indian Disaster Shows Restarting Plants after a COVID-19 Lockdown Requires Connected Worker Solutions
On May 7, 2020, India woke up to the news of poisonous gas leaking from a polymers plant in the southeastern city of Vizag. Toxic fumes leaking from...
Read More
Using a Connected Worker Platform to Improve Social Distancing Protocols
It’s not an exaggeration to refer to world history as pre-COVID-19 and post-COVID-19. It’s certainly worth remembering how this pandemic originated,...
Read More