Fixed asset management for the largest producer of paper, board, tissue, and pulp.
Brivan managed and verified all of the client’s physical assets and deployed various SOPs for consistent reporting.
Background of the case
With a daily capacity of 1450 MT, the client has been the nation’s largest producer of paper, board, tissue, and pulp since 1984.
Problem & Undertakings
The client offers more than twelve products across the world, commanding a major share in the domestic and export markets of the industry. Their fixed assets, in excess of 100,000 units across __ acres of land, were required to be managed by a reliable service provider. Brivan was given the mandate of assisting them in identifying, verifying, and reconciling all their fixed assets.
Approach & Solution
- The identification of fixed assets and their verification was done through procedures like floor-tagging and fixed asset register updation.
- The standardisation of temporary coding and tagging procedures was initiated to identify and reconcile the assets.
- Internal controls and re-assessment procedures were set up and completed by a specialised team of professionals.
Brivan did a complete count of all physical assets on the ground, tagged them to a standardised structure and reconciled them with the Books of Accounts. The smooth transition and stabilisation of new fixed asset management procedures were secured through SOPs and regular reporting mechanisms.