Enhancing fixed asset management in Bank Asia through automation: designing a prototype of QR code-based tracking

Abstract

This internship report provides a comprehensive analysis of fixed asset management practices at Bank Asia PLC and explores how automation, specifically a QR code-based tracking system can enhance its management efficiency. Fixed assets, essential for daily operations include tangible assets such as buildings, machinery and vehicles. The study highlights how the implementation of technology can streamline asset tracking, ensure regulatory compliance and improve operational efficiency in a decentralized banking environment. The report outlines the objectives, methodology, scope, and limitations of the study. Primary data sources include observations and discussions with Bank Asia PLC officials while secondary data is derived from documents and reports related to fixed asset management. The research identifies key challenges, including decentralized data entry, lack of employee training, and inefficiencies in manual tracking. The proposed QR code-based system is designed to enhance fixed asset management by introducing automated tracking, reducing human errors and increasing transparency. It covers core processes such as asset registration, movement tracking and real-time monitoring. The implementation strategy includes pilot testing, employee training and system integration to ensure a seamless transition. Challenges such as employee resistance, technical barriers and maintenance requirements are addressed along with recommendations for overcoming these issues. The study emphasizes on the importance of digital transformation in fixed asset management, aiming to improve compliance, efficiency and security within Bank Asia PLC. The report concludes advocating the adoption of the QR code-based tracking system as a mean to optimize asset utilization, minimize fraud risks and enhance decision-making processes. These recommendations align with Bank Asia's long-term objectives of operational resilience and stakeholder value creation.