Fixed asset management is the process of tracking and reporting on physical assets owned by a business. Whether your organization owns machines, vehicles, buildings or any other tangible item, fixed asset management helps you monitor usage and depreciation, verify compliance with government regulations, and ensure that assets are safeguarded. With fixed asset management, businesses can maintain accurate data on asset values, track when maintenance is needed, and plan for future purchases. Keeping on top of all these tasks isn’t easy — but with the right software and processes in place, businesses can stay organized and efficient.