Asset Management

Highlights

Tracks the asset throughout its entire lifecycle—from acquisition (purchase or lease) to disposal (retirement, sale, or recycling).
Helps plan for asset replacement, reducing downtime by ensuring timely upgrades and replacements.
Automatically calculates depreciation based on predefined rules.
Tracks asset value over time, helping with financial reporting and ensuring that accounting records are accurate.
Ensures assets are properly maintained through preventive (scheduled) and corrective (unscheduled) maintenance.
Allows the assignment of specific locations to assets (e.g., department, office).
Maintains a comprehensive record of all assets owned by the organization, including their type, quantity, and condition.
Helps monitor asset utilization, ensuring that underused assets are identified and potentially reallocated or sold.

Reports

Automatically generate financial reports that capture key metrics like asset values, depreciation, and maintenance expenses.