Founded in 1989 by an entrepreneur and an executive from the General Motors Tax
Staff, AMR focused on developing “best-in-breed” service deliverables to mitigate
the tax that large corporations pay on the tangible personal property, plant, &
equipment (PPE) utilized in their facilities. In order to optimize the tax benefits,
AMR developed a comprehensive approach to Fixed Asset Inventory & Reconciliation
(“FAIR”). The FAIR approach was deemed, by clients and even by local assessing authorities,
as a methodology that bridged the gaps typically experienced with traditional Book-to-Floor
reviews (i.e. statistical approaches to cycle fixed asset reviews dictated by corporate
policy). The audit trail developed through the FAIR approach is unparalleled. AMR
also became a pioneer in engineering hand-held data collection processes that exponentially
improved the quality of the fixed asset inventory results.
Between 1992-1995 AMR migrated the asset inventory expertise into another burgeoning
market that revolved around Information Technology Asset Management (ITAM). The
ITAM market developed as a result of the major explosion of “distributed” computer
equipment. Networking computers meant that no longer was a company’s investment
in computer technology limited to one big “glass house”, but rather to employee’s
desks and local server rooms. Validating the existence of the equipment through
physical inventory became a critical part of managing the computer technology investment
and AMR became the leading IT Asset Inventory vendor.
In 2001, TEKsystems purchased Asset Management Resources (AMR), the leading
IT Asset Inventory vendor and provider of
Fixed Asset Inventory and Reconciliation (FAIR), Baseline Inventory
for Asset Management Initiatives, and
Personal Property Tax Services. In January 2012, American Appraisal purchased
AMR from TEKsystems. Today, AMR delivers services around the world in connection
with Financial Compliance, SOX, System Migrations, Property Tax Compliance, Acquisitions,
Fresh-Start Accounting, Valuations, IT Asset Management, HIPPA Compliance, and many
other reasons.