FIXED ASSET
Fixed assets, also known as non-current assets or long-term assets, are tangible or intangible resources owned by a business that are expected to provide economic benefits over a period longer than one year. They are crucial for a company's operations and are not intended for immediate sale. Tangible Fixed Assets are Land, Buildings, Machinery and Equipment, Vehicles, Furniture and Fixtures and Intangible Fixed Assets are Patents, Trademarks, Copyrights, Goodwill.
Improved Asset Lifecycle Management
Effective asset lifecycle management ensures that fixed assets are utilized efficiently from acquisition to disposal. This process optimizes performance, minimizes costs, and extends asset longevity. Comprehensive Tracking Lifecycle Phases Performance Monitoring Forecasting and Planning Integration with Other Systems
Enhanced Financial Accuracy
Enhanced financial accuracy in fixed asset management ensures that an organization’s financial statements accurately reflect the value of its assets, supporting better decision-making and compliance. Automated Depreciation Calculations Real-Time Asset Valuation Integrated Financial Reporting Compliance Management
Regulatory Compliance
Regulatory compliance in fixed asset management ensures that organizations adhere to applicable laws, accounting standards, and industry regulations throughout the asset lifecycle. This process is essential for maintaining transparency, accountability, and trust with stakeholders. Compliance with Accounting Standards Generally Accepted Accounting Principles International Financial Reporting Standards Documentation and Record-Keeping Audit Trail Capabilities Regulatory Updates and Alerts Data Security Compliance
Increased Operational Efficiency
Increasing operational efficiency in fixed asset management focuses on optimizing processes related to the acquisition, utilization, maintenance, and disposal of assets. This ensures that organizations can maximize productivity while minimizing costs and downtime. Automated Processes Real-Time Asset Tracking Centralized Data Management Predictive Maintenance Inventory Management
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Asset Tracking
Asset tracking is a crucial component of fixed asset management that involves monitoring the location, status, and condition of assets throughout their lifecycle.
- Real-Time Monitoring,
- Inventory Management,
- Lifecycle Management,
- Audit Trails,
- Alerts and Notifications.
Depreciation Calculation
Depreciation calculation is essential for accurately reflecting the value of fixed assets over time. It helps in financial reporting, tax compliance, and asset management.
- Straight-Line
- Declining Balance
- Units of Production
- Customizable Useful Life
- Automated Calculations
- Adjustment Capabilities
- Tax Compliance
Maintenance Management
Effective maintenance management is critical for ensuring the longevity and performance of fixed assets. This feature helps organizations schedule, track, and manage maintenance activities efficiently.
- Scheduled Maintenance
- Work Order Management
- Maintenance History Tracking
- Inventory Management
- Vendor Management
- Alerts and Notifications
Disposal Procedures
Proper disposal procedures ensure that fixed assets are retired in a compliant, efficient, and environmentally responsible manner. This feature manages the entire disposal process from planning to execution.
- Asset Valuation
- Approval Workflow
- Disposal Methods
- Documentation Management
- Regulatory Compliance
- Post-Disposal Reporting
Reporting and Analytics
Reporting and analytics capabilities provide insights into fixed asset performance, utilization, and financial impact, enabling data-driven decision-making and strategic planning.
- decision-making and strategic planning.
- Customizable Reports
- Asset Valuation Reports
- Maintenance Reports
- Disposal Reports
- Compliance Reports
- Dashboards
- Trend Analysis
- Benchmarking
- Forecasting
Lifecycle Management
Lifecycle management in fixed assets involves overseeing all stages of an asset’s life, from acquisition to disposal. This comprehensive approach ensures optimal utilization, maintenance, and financial performance throughout the asset's lifecycle.
- Acquisition
- Needs Assessment
- Procurement
- Asset Registration
- Deployment
- Utilization
- Performance Monitoring
- Utilization Reports
- Preventive Maintenance
- Work Order Management
User Management and Permissions
User management and permissions in fixed asset management ensure that access to asset data and functionalities is appropriately controlled, enhancing security, accountability, and operational efficiency.
- Role-Based Access Control (RBAC)
- Customizable User Permissions
- User Profiles and Settings
- Multi-Factor Authentication (MFA)
- User Training and Support
Integration Capabilities
Integration capabilities in fixed asset management allow for seamless data exchange between different systems, enhancing the efficiency and accuracy of asset management processes. This ensures that asset data is consistently updated across all relevant platforms.
- Accounting Software Integration
- Maintenance Management System Integration
- Data Import/Export Functions
- APIs (Application Programming Interfaces)
- Cloud Integration
Asset Accounting
Asset Accounting is a financial accounting module within Enterprise Resource Planning (ERP) systems that manages and tracks fixed assets, their depreciation, and associated financial transactions.
- Asset Capitalization
- Depreciation Calculation
- Asset Impairment Management
- Asset Revaluation Management
Mobile Access
Mobile access to fixed asset management systems empowers users to manage and track assets on-the-go. This flexibility enhances operational efficiency, facilitates real-time updates, and supports decision-making in various environments.
- Mobile Application
- Real-Time Updates Work
- Order Management
- Alerts and Notifications
- User-Friendly Interface
- Secure Access
Our Great Team
Sankar
Founder
Mohamed
Marketing
Divya
Designer
Sekar
Development Lead
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HR Management
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Our Work
Comprehensive Asset Registry
A comprehensive asset registry serves as a centralized database that captures all relevant information about an organization’s fixed assets. It is essential for effective tracking, management, and reporting, ensuring that asset data is accurate, up-to-date, and easily accessible. Detailed Asset Records, Depreciation Tracking, Location Management, Condition Monitoring, Document Management, Lifecycle Tracking, User Access Controls, Reporting Capabilities
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Our Plan
To try the most advanced business
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
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