Proper asset tracking can solve a number of personal and business challenges, including but not limited to:

• Divorce proceeding where you think the other party is hiding something;
• Unpaid child support where you cannot verify a person’s address or ability to pay;
• Unpaid receivables and collections for bills past due and
• Collection of judgements.

Let’s face facts: Even if a judge rules in your favor regarding a personal or corporate case that does not mean you will garner anything. Hire a private investigator to complete your asset tracking and then you will be in a better position to collect the money you so respectfully deserve or help put in place a process to keep track of all your corporate assets in the first place.

What is an Assets Tracking Investigation?

Asset investigations engage in a nationwide exploration of public records to locate individual property or real estate held by a person or corporate entity. These searches are used to expose the financial silhouette of an individual or company along with locating physical possessions. Searching for assets can be useful in matters involving litigation. There are several levels of an asset search from a basic search of public records to very thorough asset investigations by a private investigator.

Divorce

In many cases divorces can be very messing and full of deception. People will try to hide property, money, and financial records either before or during a divorce.

The first step in any divorce is to try and create a complete financial report of all the assets owned. These assets are normally categorized into three segments: marital, separate, and co-mingled property. It is important to have all assets listed and labeled correctly.

However, what if you think your spouse has a hidden account or you cannot find paperwork on his or her work mutual funds? This is where a private investigator comes in to find those assets that will make a difference in your financial outcome.

If you think your spouse is not forthcoming about all that you own, get your investigator involved early in the process. It can take up to two months (or even longer) for him or her to put the complete picture together.

Child Support

The father or mother of your children claims they cannot afford to pay you child support. Or worse yet, you cannot find them. The court is willing to garnish their wages, but without verification of employment or ability to find them, you are not able to collect.

A private investigator can uncover where the person is living and complete an asset discovery and verification process. They can even verify this person’s bank balance and present all of this evidence in court to the judge.

Corporate Asset Tracking

Asset tracking solves a number of business challenges; the most important being keeping track of where the asset is within the organization. Effective tracking starts with a process for checking inventory in and out of a department or building. For example, perhaps you have a cadre of tablets and laptops that can go from department to department or even home with employees. Having the ability to track where these devices are, can save you a lot of headaches, as long as the process is followed.

Here is what you need to do:

1. Determine what you are going to track.
   Not every single item within your company needs to be tracked. Determine your “must have” list for tracking. Must haves should include inventory, money, shipments and receivables – with a minimum dollar tracking figure in each category.
2. Choose an asset tracking system.
   This doesn’t have to be through a fancy software program; asset tracking can happen via paper, Excel spreadsheets or an app. The main thing to have everyone on board with the system.
3. Track assets as they come into the company by using unique numbers.
   Establish one central place for receivables and make sure those items are entered into the tracking system. Don’t track by serial numbers; establish your own numbering system.
4. Pull measurement reports once a month and randomly check against them.
   In order to make certain your system is working, once a month randomly choose 3-5 items and see if they are where your system says they are.

SACS Consulting Does Asset Tracking Investigations

When you hire SACS Consulting and Investigative Services, Inc. you reduce your cost of collections, increase your percentage of collectable accounts and reduce corporate liability and debt. Give the private detectives at SACS a call today at 330.255.1101.