When it comes to your capital asset management, you need not only the best services around, but also high-quality expertise you can trust. From external audit requirements to financial reporting and the control of fixed assets, you should trust that your partner will get the job done right.
Quality Capital Asset Management services should enable you to:
- Establish baseline inventory
- Accurately report infrastructure
- Have property insured to valueGet insurance property to value
- Improve bond rating / credit quality
- Create resource efficiencies
- Comply with Sarbanes‐Oxley, GASB, GAAP, And Uniform Guidance (UG)
- Convert CIP to fixed assets, with proper classification
- Have the option to utilize software to increase efficiency
- Implement best practices
- Maximize your F&A cost reimbursements
At HCA, our Capital Asset Management team is comprised of full-time specialists equipped with our proprietary HITS software to collect and verify your qualifying fixed asset data. Our valuation experts leverage their extensive public entity experience to locate and reconcile your assets, ensuring the most accurate and complete inventory possible.
Why does this matter?
Prior to working with us, we typically see that 45% of a client’s capital asset data is inaccurate, incomplete, or missing.
With inaccurate data, you can be faced with an audit which can interrupt operations, or you could fall into noncompliance. You can even be paying insurance on assets that are no longer in your possession.
How can we make capital asset management even more efficient?
Our “HITS” Software is an accurate, efficient, and user-friendly way to provide audit confidence.
It’s focused on efficient and affordable tracking, and it’s made to minimize disruption. Its bluetooth barcode and RFID-enabled program works on any PC, laptop, or tablet, and you can store documents and photos as well as user manuals for each.
HITS provides numerous custom fields and works seamlessly with existing programs. It also enables you to easily share reports with stakeholders.
Satisfy virtually any asset requirement with less time and money spent. Want easy to use software that reduces the complexity of asset inventory? Then HCA’s HITS software is for you.