Asset Management

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Asset Management System

Asset Management System, is beneficial for Companies having assets. System helps to manage the Asset Registration, Asser Ownership, Asset Movement, Financial Impacts and Asset Expiry.

Benefits of Asset Management

Asset Register

Flexible Coding System -
Valuation Class of the asset
Depreciation Methods
- SLM – Straight Line Method
- WDV – Written Down Value
Componentization of assets
Asset In Progress Code (CWIP) (Capital Work In Progress)
Asset Code Creation
Costing Heads

Asset Schedule

Documentation Management
Depreciation Management
Adjustment in Net Book Value
Insurance Management
Usage Management
Reporting
- Book Value by class
- Depreciation for Year
- Closing Net Book Value for year

Internal Controls

Location Management
Transfer Management
Ownership Management
Retirement Management
Documentation Management
Asset in Use
Insurance Information
- Insurance Due
- Insurance Lapsed

Analysis

Classification / Categorization of Assets
Asset Depreciation
Insurance
Additions during the Year
Removal/Deletions during the year
Asset Valuation