Fixed Assets Management simplifies and improves financial reporting by automating the depreciation and lease accounting of fixed assets. It allows for the creation of a comprehensive inventory of existing assets, including important details such as acquisition cost, in-service date, and estimated useful life. It also facilitates the tracking of lease agreement information, including contract value, duration, and discount rate. By utilizing Fixed Assets Management, businesses can effortlessly handle the entire lifecycle of their assets, right from acquisition to retirement, without relying on spread sheets and time-consuming manual processes. This empowers organizations to effectively manage and control both depreciating and non-depreciating assets from beginning to end. The Finance teams can bid farewell to manual spread sheets and overcome the challenge of tracking assets across multiple facilities by leveraging a fully integrated fixed-asset accounting solution.
Efficiency
Streamline depreciation and lease accounting processes through automation, leading to reduced errors and a quicker closing process.
Accuracy
Access versatile depreciation options, utilizing pre-designed templates or creating personalized scenarios with user-defined schedules.
Compliance
Simplify lease payment management, expense amortization, and reporting through automation, ensuring effortless adherence to lease accounting standards.
Unified
Bringing data, technology & expertise together to transform your business and make future-ready.
Connected
Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.
Interoperable
Reliable & Resilient – your platform & partner for digital transformation without limits.