How the University of Michigan Improved Capital Asset Accountability Through Technology
For many colleges and universities, capital asset management has become a balancing act. Institutions are expected to maintain accurate asset records, satisfy increasingly rigorous compliance requirements, and demonstrate responsible stewardship of equipment purchased with institutional, state, and sponsored funding. Additionally, they need to do all this while operating with leaner teams and fewer resources. Unfortunately, […]
The Offboarding Risk No One Anticipates in Capital Asset Tracking
Employee transitions are a normal part of life in higher education institutions, but they create a surprising vulnerability in capital asset management practices that many organizations do not discover until it’s too late. When researchers, staff, or faculty leave, equipment can leave, and sometimes capitalized assets inadvertently leave with them. Most of the time it […]