Asset Management

Importance of Asset Management

Assets are important to a company and it is necessary that the company keeps track of them to ensure they maximise the gains of the company and save money as well as time. Effectively managing these assets will ensure that the stakeholders get the best out of them. Here are a few reasons to effectively manage business assets.

Provides important data on their performance

Effective asset management from Golden Equator Wealth will provide much-needed information about the state of different assets especially machinery which can let the business understand how well they are performing. Even if the assets may be in remote areas, periodic checkups will provide much-needed data on their state and performance.

Gives accurate inventory of assets

If a business is dealing with insurers or refinancers, it will need to have proper inventory of its assets. Asset management provides the needed inventory of these assets. This can help the business also come up with accurate financial statements based on recent inventory reports.

Limits operation costs

Many businesses face operational costs that can be more than necessary. Maintenance of different machinery, for example, takes up a lot of money which at times may be unnecessary. With good management, it is possible to determine whether it is still a necessary expense to repair a particular machine or if it is time to replace it because it is constantly breaking down. Actually, proper management will even reduce the cases of machines breaking down.

Improves efficiency

A proper asset management provides important information that the business can use to determine the best way to use particular assets and this will improve efficiency within the business. Through management, a better understanding is developed about the best way to use particular assets and this will make them more efficient in their operation.

Helps in managing risks

Depending on the industry, there are always some risks associated with having to work with certain equipment. By having proper management, it is possible to understand the kind of risks in relation to the assets and in turn, the business will take up measures that can reduce the occurrence of the risks or have a plan in place to deal with particular eventualities if they occur.

Gets rid of ghost items

Many companies that do not have asset management are faced with the problem of having assets that were long stolen or spoiled, still appearing on the inventory list. These items are what are known as ghost inventory so they can be eliminated if the business has an effective management system which weeds out what is not actually there.

Minimizes losses

If the management system is effective, losses can be minimized through asset recovery procedures. Such a system can even address common problems like theft of business assets since inventory is carried out regularly and people are held to account in case there may be equipment missing. This will also ensure that money is saved on replacement of equipment.

In a nutshell, asset management has a great impact on a business finances as well as its smooth operation. The efficiency of a business depends greatly on the performance of its assets and if they perform well, profits are maximised and losses minimised.

Venture Investments

Venture Investment

To start with, venture investment is a type of finance given to an upcoming firm which has a potential to grow. Venture investment in Singapore strives because of very many reasons. Some of the reason that reasons for the same are as follows.

  • Singapore is much modernized in very many sectors. This includes also the infrastructure which is key for a venture investment.
  • There are very many investments in Singapore.
  • Singapore is strategically located in Asia which has a very good market because of very many investors.
  • The life in Singapore is very quality as it has a good economy. Having a venture investment will assure both a quality life and a quality business.
  • It is easy to emigrate from Singapore to other countries. Travelling is part and parcel of an investor. There are workable immigration policies in Singapore which makes traveling a lesser process.

 

Venture investment firms in Singapore.

Venture investment is one of the newest things in Singapore since the beginning of the 21 century. It has since grown and there are a number of firms that practice venture investment.

They include;

  • Golden Equator Capital. This is a This is a venture investment based in Singapore towards Asia.
  • Rebright partners. This is a VI dealing with information technology and the internet to be particular. It also deals with mobile start-ups. This firm is based in Tokyo and Singapore.
  • Sirius venture capital. It was formed in 2002. It has its branches in Singapore and other companies.
  • Vertex ventures. It has its branches in Asia and the US.
  • Walden international. It invests in areas such as mobile, software, cleantech and digital media.

Venture investment in Singapore has grown and developed over the years since it was introduced. The main companies that have grown in VI are mainly:

  • Internet-based companies.
  • Mobile-based companies.
  • E-commerce based companies

All these companies have attracted investors in Singapore.