Stanbic Zambia Plc for asset management system
Many organizations have computerized Fixed Assets register but very little confidence in the information it holds. As a result, there is little or no effective control over many thousands or even millions of Zambia kwacha worth equipment. A complete physical audit of assets is needed, to ensure that fixed assets register is accurate and up-to-date. 
That is why; Stanbic Zambia has outsourced our services to help them efficiently manage their assets.
The best way to save money is to stop spending unnecessarily. What is needed is to identify the expenditure which is erroneous and eliminate it.
Here are some examples of erroneous expenditure:
·         Buying things that you don’t need to buy because you already have them
·         Paying insurance premiums on non-existent equipment
·         ‘Losing’ equipment because lax security
·         Paying maintenance and licensing charges on software which is no longer installed or used
·         Paying lease penalties because leased equipment is not properly handled
The key to savings in all these areas, as well as many others, is effective asset management. There is much more in asset management than calculating depreciation and coming up with a Fixed Assets figure for the statement of financial position.
Asset management means knowing what you have got, where it is, what is being used for, how much it is worth and what is costing you. Asset management is a key to expenditure control.
Now how do you go about turning that key?
As one of Africa’s leading asset management specialists, we have extensive experience in helping organizations in all market sectors save money and increase efficiency. What follows has been distilled from that experience. It will certainly identify the issues and clarify the procedures which will allow you to save money through asset management.
We know that every organization is unique. Our focus is on the individual requirements of our clients, and we will always look for a solution which matches your needs.
Other reputable firms who have opted for our services include; Zambia National Commercial Bank Plc, Standard Chartered Bank Zambia Plc, MTN Zambia, Puma Energy Zambia Plc, Malawi and Tanzania, Total Malawi, Airtel Zambia, Ghana, Sierra Leone, Malawi, DRC, Niger and Tanzania, Millicom (Tigo) Ghana and Tanzania, Telekom Networks Malawi, Anti-corruption Bureau-Malawi, Malawi Revenue Authority, Northern Region Water Board, National Bank of Malawi among others.
Allow us to help you. Call +260 972 785 778 or email info@memoryafrica.com . Our expert Consultants will be able to identify the issues which are real for your organization, and suggest the ways in which they can be resolved. Try us for a free demo.