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Fixed Assets Management

Ensure that records remain current, precisely document depreciation details, and adhere to the set lease accounting regulations.

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.

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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.

Accuracy, Efficiency, and Trust

Experience a multitude of benefits that awaits

  • Retain complete control and oversight over all financial operations, allowing for comprehensive monitoring and management of financial activities.
  • Optimize various financial management processes for optimal efficiency, enabling smoother operations and maximizing productivity in handling financial tasks.
  • Simplify the management of lease expenses through automated amortization, enhancing overall efficiency.
  • Ensure regulatory compliance with accurate financial reporting that adheres precisely to guidelines.
  • Uphold meticulous accuracy in your financial records for streamlined operations and maintenance.
  • Enhance oversight and effectiveness in asset management to improve control and efficiency.
  • Establish a centralized asset database that elevates financial planning and reporting capabilities, ultimately improving overall efficiency.
  • Enhance the management of asset lifecycles, encompassing activities like acquisition, utilization, maintenance, and disposal.
  • Attain higher levels of operational efficiency by leveraging advanced methodologies and optimizing various aspects of asset management.
  • Guarantee precise and uniform depreciation calculations to maintain accuracy and consistency.

Prominent attributes to enhance your organization

Simplify and streamline your organization's complex processes with Nirmalya Enterprise Resource Planning, an all-in-one enterprise resource planning platform.

Asset Register and Tracking

Enhance asset management process with reliable enterprise asset management platform designed to accurately list and track both depreciating and non-depreciating fixed assets. You can easily maintain detailed records throughout every stage of the asset lifecycle, ensuring compliance with regulations and reporting requirements. Assign and track assets effortlessly, whether by region, facility, department, or any other reporting segment. Seamlessly transfer assets between subsidiaries or business units, while retaining the complete history without any manual data re-entry. Streamline your operations and simplify report and compliance document generation with our comprehensive enterprise asset management platform.

  • Optimize the process of tracking and maintaining assets, ensuring a more streamlined and efficient workflow.
  • Simplify the procedures related to compliance and reporting, making them more user-friendly and easy to manage.
  • Enhance the management of asset lifecycles, encompassing activities like acquisition, utilization, maintenance, and disposal.
  • Attain higher levels of operational efficiency by leveraging advanced methodologies and optimizing various aspects of asset management.

Depreciation

Streamline your fixed assets management that takes the guesswork out of calculating depreciation expenses. Our enterprise asset management platform enables finance teams to effortlessly apply standard or custom methods and schedules, ensuring accurate and consistent depreciation calculations. With our offering, you gain the flexibility to choose usage-based methods that give you the liberty to skip asset depreciation during seasonal downtime or when equipment is offline. Experience enhanced control and efficiency in your asset management processes through our innovative and intuitive platform.

  • Guarantee precise and uniform depreciation calculations to maintain accuracy and consistency.
  • Enable the selection of usage-based methodologies according to specific needs, thereby allowing flexibility.
  • Enhance oversight and effectiveness in asset management to improve control and efficiency.
  • Establish a centralized asset database that elevates financial planning and reporting capabilities, ultimately improving overall efficiency.

Lease Accounting

Experience the ease of achieving compliance and efficient financial reporting, designed to simplify the complex world of lease accounting, our tool enables you to standardize lease accounting practices effortlessly. By seamlessly capturing vital lease details, such as start and stop dates, total cost, and discount rate, you can ensure accurate financial reporting in accordance with regulations. Bid farewell to laborious manual calculations, as our tool automatically amortizes lease expenses throughout the duration of each agreement, saving you time and reducing the risk of errors. Moreover, with the automatic posting of separate journal entries for lease and interest expenses, you can maintain precise financial records.

  • Attain effortless standardization of lease accounting practices, guaranteeing a seamless experience.
  • Simplify the management of lease expenses through automated amortization, enhancing overall efficiency.
  • Ensure regulatory compliance with accurate financial reporting that adheres precisely to guidelines.
  • Uphold meticulous accuracy in your financial records for streamlined operations and maintenance.

Dashboard and Reports

Experience the power of interactive dashboard and analytics feature, providing you with accurate financial statements that comply with tax and accounting standards. Unlock the potential of our innovative platform to effortlessly produce standard fixed-asset reports, allowing you to access crucial asset data filtered by location, subsidiary, or any other preferred criteria. Seamlessly manage all aspects of your fixed assets through our unified dashboard, enabling you to stay in complete control. Enhance your decision-making process by generating reports tailored to your unique needs, ensuring maximum efficiency in financial management.

  • Make sure that financial statements are produced with absolute precision, leaving no room for errors or discrepancies.
  • Streamline the process of creating standardized reports for managing fixed assets, ensuring seamless and effortless generation of these crucial documents.
  • Retain complete control and oversight over all financial operations, allowing for comprehensive monitoring and management of financial activities.
  • Optimize various financial management processes for optimal efficiency, enabling smoother operations and maximizing productivity in handling financial tasks.
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Resolving a wide range of challenges

Depreciation

Utilize pre-existing templates or design personalized depreciation scenarios to suit individual scheduling needs.

Compliance

Streamline lease payments, expense amortization, and reporting tasks to comply effortlessly with lease accounting standards.

Financial Savings

Identify and eliminate unnecessary expenses by identifying "ghost assets" and ceasing payments for equipment that is no longer in use.

Comprehensive Reporting

Gain insightful analysis of cost, depreciation, lease expenses, and other relevant data for various operational domains.

Streamline Processes

Implement an automated fixed-assets management solution to simplify complexities and enhance productivity within finance teams.

Accurate Record-Keeping

Track the lifecycle of fixed assets, from acquisition to disposal, and compile real-time data for precise reporting.

Consistent

Ensure uniform application of depreciation rules, accurate scheduling, and suitable modelling for each asset, at all times.

Lease Accounting

Effortlessly capture lease particulars, systematically allocate lease expenditures, and effortlessly monitor outstanding obligations.

Streamline Process

Instantly record depreciation and lease expenses in the general ledger, optimizing efficiency while eliminating the risk of data entry mistakes.

Nirmalya has been able to help us delivering consistent employee experience across all locations to bind everybody together and give every employee the same experience

Sunil Das | CEO, News7 & Prameya

Accelerated Value Realization

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

How much does it cost?

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.

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