The Challenge

Many enterprises still maintain their Fixed Assets Register (FAR) in spreadsheets — often with missing or incomplete details.

A typical example: recording “Laptop – Qty: 100” without capturing essential information like model, serial numbers, purchase dates, or invoices. This leads to:

The Solution — FAR Data Score

FAR Data Score is an automated tool that checks the availability and completeness of key data points in your FAR and generates an easy-to-understand data quality score.

This score acts as a health check for your FAR — highlighting data gaps, missing data points and providing a clear path to improve your asset records.

Minimum Data Points Every FAR Should Include:

Asset ID / Tag Number
Asset Category / Type
Asset Name / Description
Branch / Location
Cost Center
Quantity
Voucher / Invoice No.
Purchase Date
Purchase Cost
Gross Value – Current FY
Depreciation Value – Current FY
Custodian / Owner
Life of the asset

The Benefits

Instant Health Check of Fixed Assets Data

FAR Data Score automatically analyzes your asset records, providing a swift and objective assessment of the accuracy and completeness of your FAR. This enables organizations to instantly understand the strengths and shortcomings of their asset data.

Pinpoints Data Gaps and Missing Information

The tool systematically checks for absent or incomplete data points—such as missing serial numbers, model types, or invoice details—making it easy to identify exactly what information is lacking in your register, and where improvements are needed for compliance and audit-readiness.

Drives FAR Accuracy and Compliance

By revealing data deficiencies and suggesting specific corrections, the FAR Data Score lays a clear path toward enhanced record-keeping and compliance. This reduces the risk of failed audits and regulatory fines, supporting organizations in meeting statutory requirements efficiently.

Reduces Hidden Costs

Incomplete or inaccurate FAR entries can result in asset mismanagement, undetected losses, and inefficient maintenance scheduling—leading to wasted resources. By elevating data reliability, the Data Score tool helps control operating costs associated with poor asset management practices.

Maximizes Warranty and Service Benefits

When assets are tracked with precise details (like purchase date, model, and serial numbers), organizations are better positioned to make successful warranty claims and utilize service contracts. This ensures you don’t miss out on entitled repairs or replacements due to insufficient documentation.

Foundation for Efficient Asset Management

Comprehensive, high-quality asset data is essential for effective asset tracking, maintenance, and lifecycle management. The FAR Data Score ensures your register is not just accurate, but also a strategic foundation for broader asset optimization initiatives.

Hassle-Free & Timely Reporting

Upload your FAR in Excel format and receive a detailed, easy-to-understand data quality score within 24 hours, without disrupting your ongoing operations or requiring lengthy manual reviews.

AI to Infer Actual Asset Count

The tool doesn't just check for missing entries or obvious data gaps; it intelligently analyzes patterns, cross-references data points, and applies algorithms that help estimate the true and potential number of assets your organization has, even when the Fixed Assets Register is incomplete or inconsistently maintained.

Identify Hidden or Duplicate Records

With AI, the platform can spot inconsistencies, likely duplicates, or asset clusters that human reviewers might miss. This improves overall FAR integrity and ensures your organization has a realistic picture of all assets.

This AI-powered functionality helps transform a traditional, manual asset register into a precise, insight-rich foundation for managing fixed assets. These benefits collectively help organizations transform their asset registers from incomplete spreadsheets into robust, audit-ready resources—paving the way for improved decision-making and sustained operational excellence.

Upload your FAR in Excel format to get the score in 24 hours!

Transform your FAR from incomplete to audit-ready — with zero hassle.

Your First Step to a Reliable, High-Quality Fixed Assets Register

Data Score

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# The FAR data in the uploaded Excel file will be handled with strict confidentiality and used exclusively to assess data quality, identify gaps and missing data points, and generate a score that provides insight into the current state of your data—helping you shape effective asset management strategies going forward.