Asset management would help in maintaining records of all the assets the organization wants to monitor. It will have details of their service schedules, maintenance records, depreciated value and schedule for replacement. The application could be set to trigger warnings for any of these events, so that one is able to maintain regular cycles of repair and renewal, thereby establishing standard process for investment decision-making.

Key Features & Benefits:

  • List of all the Assets.
  • Their values and Possession Status.
  • Their Placement within Departments or People Specific.
  • The total value of Depreciation shall be Calculated Accordingly and Displayed on Yearly basis.
  • Easily accesses a complete audit trail with history/actions performed by all users.
  • Calculates depreciation for one book or multiple books.
  • Computes and retains depreciation figures for past, current and future periods.
  • Creates 'Parent/Child' asset relationships to establish key dependencies and hierarchies.
  • Produces a full range of standard and Customized reports and forecasts.
  • Conducts full and partial Asset disposals, transfers, relief's, revaluations and splits.
  • Uploads Asset images for identification purposes.

Major Objectives:

  • Establishes a single point repository of all asset’s description including year, make, model and registration data
  • Records the expenditure done on repairs and maintenance of the assets
  • Forecasts the expenditure or shows graphical trends
  • Generates bonus depreciation for applicable assets.