Asset Audits and Reconciliation

Self Audits

p2r offers a unique self-audit feature where asset owners and custodians can easily participate, conducting quick and cost-effective audits.

Audit Schedule

Audits can be created and scheduled by setting start and end dates, targeting all or specific assets. Various filters are available to select assets.

Notify Stakeholders

Stakeholders are notified via email and system alerts about scheduled audits and ongoing audit activities when they log into the p2r system.

Verify and Respond

Owners and custodians can access 'My Assets' to verify, accept, or reject asset status. Additional assets can also be added during the audit.

Online and Offline Audits

Online and offline audits provide flexibility in conducting asset audits. Online audits utilize scanners or readers to capture real-time audit data, including the option to use our mobile app. In contrast, offline audits use scanners for remote locations without network access, with the ability to upload the audit data to the server at a later time.

Online Audit

Auditors rather than asset owners scan assets using online tag readers, view asset details, and approve or reject them during the audit process.

Scan Tags

Using offline scanners, auditors can scan asset tags in bulk, choose specific locations or asset groups, and upload the data to update the Physical Asset Register (PAR).

Matching Assets

Upon successful completion of an asset audit, a PAR is generated and compared to the FAR using UAIDs and locations. Matching assets are marked as Perfectly Matched.

Reconcile Finance Asset Register and Physical Asset Register

Matching Assets

A physical asset register (PAR) is created and compared with the finance asset register (FAR) using UAIDs and location. Assets that match in both are identified as Perfectly Matched (PM) Assets.

Missing Assets

Assets that are present in the finance asset register (FAR) but not found in the physical asset register (PAR) are marked as Missing Assets (MAs).

Extra Assets

Assets that are present in the physical asset register (PAR) but not listed in the finance asset register (FAR) are labeled as Extra Found Assets (EAs).

Misplaced Assets

Assets that are found in both the finance asset register (FAR) and physical asset register (PAR), but with a mismatch in location, are marked as Misplaced Assets (MPs).