The Fixed Assets Management Module in our ERP systems is a combination of advanced tools and features that would help you manage, track and utilize your fixed assets in the most productive way. Integrated with other business departments, the module would help you monitor the usage of all assets and schedule jobs for all machines, including load and maximum capability.
By deploying our fixed assets module, you would be able to maximize the asset reliability and performance, predict and prevent equipment failure, comply with operational regulations and track all costs related to asset usage.
DEFINE asset depreciation in all aspects, including rate and acceleration of depreciation.
CATEGORIZE assets or divide them into tags based on which different depreciations could be applied.
CONTROL all aspects of asset depreciation and define rate, percentage and acceleration as required.
INTEGRATE the fixed assets module with other modules in the ERP system, including General Ledger.
Accurate Asset Tracking: The fixed assets management software module enables businesses to accurately monitor and track their fixed assets throughout their lifecycle. This software ensures businesses have real-time visibility into asset location, status, and condition. By maintaining accurate asset records, businesses can prevent asset loss, theft, or misplacement and improve overall fixed asset inventory management.
Efficient Asset Maintenance: With the assets management module in ERP, businesses can effectively plan and schedule asset maintenance activities. The software allows for the creation of maintenance schedules, automates reminders, and tracks maintenance history. By streamlining fixed assets maintenance processes, businesses can reduce downtime, improve asset performance, and extend the lifespan of their assets.
Value-added Financial Control: The fixed assets module maintains accurate financial records by tracking asset values, depreciation, and disposal. It ensures compliance with accounting regulations and facilitates the generation of accurate financial reports. With better financial control, businesses can make informed asset investments, budgeting, and tax planning decisions.
Well-organized Asset Management: This module for enterprise asset management software offers comprehensive asset management solutions that enable businesses to effectively manage their assets from a centralized platform. It provides functionalities such as asset categorization, lifecycle management, and asset history tracking. By streamlining asset management processes, businesses can improve productivity, ensure compliance with accounting standards, and make informed decisions regarding asset investments.
Enriched Reporting and Analytics: The module provides advanced reporting and analytics capabilities that offer valuable insights into asset performance, utilization, and costs. Businesses can generate customized reports to gain insights into depreciation, asset utilization, and maintenance expenses. By leveraging these insights, businesses can make data-driven decisions, identify areas for improvement, and control assets from being extensively used.
Improved Efficiency in Asset Tracking: The fixed asset tracking software provided by the module allows businesses to track the movement of assets across multiple locations or departments. It provides visibility into asset usage, transfers, and disposals. By efficiently tracking assets, businesses can optimize asset utilization, reduce costs associated with unnecessary purchases, and improve operational efficiency.
The fixed assets management module would allow users to record all details related to each asset based on tags, location, department and vendor. Assets could also be mapped under parent assets, added under specific categories and so on. For easy identification, you could add images to each asset and also import data from external sources.
Through its easy transaction screens, the fixed assets management module in our ERP systems would help you manage the usage of multiple assets, add or reduce their value, transfer, dispose and access history of each asset along with its capitalization, with total ease and simplicity.
The module is capable of handling multiple depreciation methods and is fully integrated with the general ledger. You could define asset depreciation methods based on usage or select the straight line, charge-off or the WDV methods. The commencement date of depreciation could also be defined by the user along with rate of depreciation.
Define asset depreciation methods based on which the fixed assets module would auto-calculate depreciation and post the values. Depreciation could be managed based on month and year and a schedule could be defined for the same.
Explore our other ERP modules to achieve total process integration
Fixed Assets Management ERP Software refers to a solution that automates the tracking, utilization, and depreciation of fixed assets. It provides business owners with clarity regarding the current status of their fixed assets and helps them make the right decisions in asset purchases and disposals.
The core features of Fixed Asset Management ERP Software include asset details, asset management, asset depreciation, and post depreciation.
Focus Softnet provides Fixed Asset Management ERP Software in all major cities of Oman, including Muscat, Salalah, Sohar, Al Amarat, Ibri, Wadi Kabir, Sinaw, Saham, Ruwi, Khasab, Seeb, Hamriyah, Mina Al Fahl, Nizwa, Samail and Bahla.