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Fixed Asset Verification Excellence for a Global Asset Management Group

Ensuring accurate asset records and stronger financial reporting across multiple plant locations

Wisecor partnered with a subsidiary of the Brookfield Group, a globally recognized asset management leader, to conduct a comprehensive fixed asset verification exercise. The engagement focused on improving accuracy, reliability, and compliance of asset records across multiple plant locations through a structured and technology-driven approach.

On-site fixed asset verification

Multi-location asset coverage

Use of standardized verification procedures

Client

The client is a subsidiary of the Brookfield Group, a leading global asset management company with diversified investments across infrastructure, real estate, renewable energy, and private equity. The organization manages large-scale assets across multiple operational locations.

Scope of Work

• Physical verification of fixed assets • Reconciliation with existing asset registers • Identification and resolution of discrepancies • Updating asset records and documentation • Supporting accurate financial reporting

Geographical Area Served

Multiple client plant locations across India

Industry Area

Asset Management / Infrastructure & Industrial Operations

Client Challenges

  • Verifying a vast number of fixed assets across locations
  • Manual verification processes causing delays
  • Risk of data inaccuracies and record mismatches
  • Difficulty maintaining up-to-date asset registers
  • Time constraints impacting reporting timelines

Wisecor’s Solution

Wisecor deployed a dedicated on-site team consisting of one senior executive and three executives to conduct fixed asset verification at the client’s plant locations. The team followed a systematic and standardized verification methodology, leveraging digital tools to streamline processes. Each asset was physically verified, matched with existing records, discrepancies were reconciled, and asset registers were updated in real time to ensure accuracy and completeness.

Impact Generated

  • Strengthened financial governance and controls
  • Enhanced decision-making through reliable asset data
  • Improved audit readiness and compliance
  • Reduced manual effort and verification errors
  • Increased confidence in asset reporting accuracy

Outcome

  • Accurate and verified fixed asset records
  • Improved reliability of financial statements
  • Reduced risk of asset misstatements
  • Better visibility into asset utilization
  • Faster and more efficient verification process

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