Case Study: WOQOD achieves accurate asset verification and reconciliation with Velosi Asset Integrity Limited

WOQOD verifies 180,000 assets with Velosi Asset Integrity Limited

The customer, WOQOD, engaged Velosi Asset Integrity Limited to perform consultancy services for the asset physical verification, qualification, and quantification of 180,000 assets across its subsidiaries. The challenge involved reconciling and cleansing the fixed asset register and enterprise asset management records with the physical inventory to ensure data accuracy and integrity.

Velosi implemented a comprehensive solution that included extensive site surveys, physical asset tagging, and a thorough reconciliation process. This resulted in the identification of missing and additional assets, significantly refined records, and strengthened data integrity. Velosi successfully quantified the financial impacts of these reconciliations, systematically classified all assets, and established a seamless integration between the fixed asset and EAM systems.

WOQOD