R.A.T.S. - Returnable Asset Tracking Systems - Living Up To The Sarbanes-Oxley Requirement

Can a returnable asset tracking system help with the requirements of Sarbanes-Oxley? Yes it can and it will save you money to boot.

Sarbanes-Oxley Section 404 obliges companies with massive dollar volumes of returnable assets to efficiently track those items to guarantee accurate balance sheets and income statements. Operating without the aid of a returnable asset tracking system, companies may become susceptible to Sarbanes-Oxley liability if error-prone processes lead to significant misstatements of asset positions. This can be a particular issue with a fleet of returnable shipping property, such as totes, tanks, boxes 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 major step towards controlling, recovering and securing returnable shipping assets during their whole lifespan while aiding in compliance with Sarbanes-Oxley. Unlike a GPS location application, 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 parcel was collected.

In addition to assuring compliance with Sarbanes-Oxley, the returnable asset tracking system support internal and external audit requirements, regulatory compliance and Trade (NAFTA) requirements but also improves Return on Assets (ROA) by identifying unneeded inventory and augmenting utilization of tracked returnable assets.

Several of the management benefits 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 spots of the returnable asset fleet performance such as stranded assets, excessive lag or travel times or excessive loss due to breakage.
Have you had stock outs, non-compliant packaging fines, misplaced or stray returnable containers? Do you have bewildering customer count reconciliations? If you can be more proactive, by tracking your containers, would this result in a more dynamic returnable container program?

Vestigo Corporation provides patented Tracking Systems for all types of returnable shipping assets. Other container tracking systems demand you to adapt your operations to the exact design of their software. With Vestigo, your tracking system is tailor-made and modeled to meet your requirements and goals.

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