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Monday, June 18, 2012

Returnable Asset Tracking Systems - Living Up To The Sarbanes-Oxley Requirement

Do you believe that a returnable asset tracking system would help fulfill the requirements of Sarbanes-Oxley? Not only will it help with satisfying the requirements, but it will also save you money in the long run.

Sarbanes-Oxley Section 404 obliges businesses with large $ volumes of returnable assets to expertly track those assets to ensure flawless balance sheets and income statements. Operating without the aid of a returnable asset tracking system, companies may become susceptible to Sarbanes-Oxley liability if antiquated plans cause grave errors in reporting of asset positions. This can be a particular issue with a fleet of returnable shipping assets, such as totes, tanks, containers or cages.

By employing technologies such as the world wide web or www and aided by technologies such as electronic file transfer, RFID or Bar Code, a returnable tracking system can be a significant factor in controlling, recovering and securing returnable shipping ass ets during their whole lifespan while aiding in compliance with Sarbanes-Oxley. Contrasted with a GPS location app, the tracking software application solutions provides not only every returnable asset's most recent point but also a permanently archived history or "passport" from the date the returnable shipping asset was collected.
In addition to assuring compliance with Sarbanes-Oxley, the returnable asset tracking system support internal and external audit demands, regulatory compliance and Trade (NAFTA) requirements but also improves Return on Assets (ROA) by identifying unnecessary inventory and increasing utilization of tracked returnable assets.

Some of the administrative rewards you should also anticipate from automated tracking software application can be realized from a focus on event-triggered exception or smart reports. This should address potential trouble areas of the returnable asset fleet performance such as stranded assets, excessive lag or transit times or inordinately high damage.
Do you experience stock outs, non-compliant packaging penalties, misplaced or errant returnable containers? Do you have complicated customer count reconciliations? If you can be more effective, by tracking your containers, should this not result in a more smooth running returnable contai ner program?

Vestigo Corporation provides patented Tracking Systems for all types of returnable shipping assets. Other container tracking systems demand you to conform your operations to the rigid design of their software. With Vestigo, your tracking system is made-to-measure and designed to meet your needs and goals.

Alex Mitchell, Vestigo Corporation
Toll Free 877-232-7255

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