{"id":33418,"date":"2025-12-22T12:15:17","date_gmt":"2025-12-22T17:15:17","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=33418"},"modified":"2025-12-22T12:15:19","modified_gmt":"2025-12-22T17:15:19","slug":"fixed-assets-the-spider-in-the-web-of-corporate-neglect","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/fixed-assets-the-spider-in-the-web-of-corporate-neglect\/","title":{"rendered":"Fixed assets: The spider in the web of corporate neglect\u00a0"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tMoney Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tFixed assets: The spider in the web of corporate neglect \t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"Angela\t\t\t\tAngela Bolton<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n\n

When I first started my career in Fixed Assets and business software applications, I found myself unexpectedly entangled with the HRMS (Human Resource Management System) group. <\/p>\n\n\n\n

The software I represented, marketed, and sold was part of Best Software (now Sage Software<\/strong><\/a>), which included both Fixed Assets (FAS) and HRMS (ABRA). To me, this combination always felt strange\u2014like pairing candy corn with garlic bread. Sure, they both have their strengths, but together? It just didn\u2019t make sense. <\/p>\n\n\n\n

One system focuses on people and managing their career lifecycle, while the other deals with things like plants, property, and equipment. But no one was listening to my cries of, “These two don\u2019t go together!” Instead, I kept hearing, “But people are our greatest assets!” <\/p>\n\n\n\n

While true, I had to remind folks that, unlike fixed assets, humans don\u2019t exactly depreciate<\/em>…well, maybe some of us do\u2014but that\u2019s a whole other conversation! <\/p>\n\n\n\n

Fast forward to today, and 46% of HR leaders<\/strong><\/a> now consider HR technology a top priority. They\u2019ve caught on to the importance of automating and improving HR processes. But when it comes to fixed assets, a whopping 81% of small and mid-sized businesses<\/strong> still don\u2019t prioritize managing them, according to Grand View Research<\/strong><\/a> and Home\/USD Analytics<\/strong><\/a>.  <\/p>\n\n\n\n

Let that sink in. <\/em><\/strong>Businesses are taking better care of their payroll than they are of their million-dollar machines. Priorities, right? <\/p>\n\n\n\n

To help visualize the mess, think of fixed assets as the body of a spider. And like any spider, it has eight legs\u2014each leg representing a department, process, report, or law that it\u2019s connected to. <\/p>\n\n\n\n

But here\u2019s where it gets spooky: instead of carefully tending to this intricate web, companies often leave it to dangle in the corner, collecting dust and neglected purchase orders. No one wants to touch it until it becomes a problem, at which point it\u2019s too late\u2014the web\u2019s a tangled mess! <\/p>\n\n\n\n

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Top fixed asset management strategies<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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No organization can afford to manage their fixed assets based on spreadsheets and assumptions. Download our guide for best-in-class fixed asset management strategies to help you track, maintain, and depreciate your assets properly.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tDownload guide<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"Woman\t\t\t<\/div>\n<\/div>\n\n\n\n

Let\u2019s be real: <\/strong>running straight-line depreciation on a spreadsheet is like trying to stop a haunted house from collapsing with duct tape. It\u2019ll hold for a little while, but eventually, the walls will come crashing down. <\/p>\n\n\n\n

And what\u2019s more frightening is that proper fixed asset management\u2014think automation, proper tracking, real-time monitoring\u2014could pay for itself within one or two months<\/a>. Yet, businesses still seem to be afraid of the very tools that could save them money. <\/p>\n\n\n\n

Large enterprises are catching on, especially with shiny new tech like IoT, predictive maintenance, and digital twins helping them monitor and optimize assets. <\/p>\n\n\n\n

In fact, the enterprise asset management market<\/strong> is projected to double by 2032<\/a>, reaching $13.69 billion<\/a>. But smaller businesses are still hitting \u201csnooze,\u201d letting the dust settle on their asset management practices, only to be rudely awakened by an audit or acquisition gone wrong. <\/p>\n\n\n\n

So, why isn\u2019t managing fixed assets a priority? <\/strong>It\u2019s not just about depreciation schedules. Fixed assets touch every corner of an organization\u2014accounting, tax reporting, procurement, and compliance. But without proper integration into the ERP system and better reporting, businesses remain blissfully unaware of where these assets are\u2014or worse, how much they\u2019re worth. <\/p>\n\n\n\n

Don\u2019t let your fixed assets be the spider in the corner, waiting to trap you in a sticky situation. Shine a light on them, untangle the web, and make asset management a priority before it comes back to haunt you. The trick is recognizing the treat: your fixed assets hold more value than you realize, and proper management can lead to some truly magical savings.<\/strong> <\/p>\n\n\n\n

Learn more at sagefixedassets.com<\/a> or connect with an expert at 800.368.2405. <\/p>\n\n\n

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