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Fixed Asset Management Software

Real Asset Management's specialist compliant fixed asset management software helps to ensure compliance with IFRS/GRAP and can control, track and record every change that occurs during an asset's lifetime, such as asset status, history and location. It encompasses depreciation processing and forecasting, lease accounting, capital expenditure control and asset tracking/physical auditing.

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RAM'S Fixed Asset Software will help you to:

 
Reduce your equipment downtime

Accurately Report Asset Depreciation

 
Simplify Year End Procedure

Simplify Year End Procedure

 
Reduce insurance premiums

Reduce insurance premiums

 
Complies with Corporate Governance

Comply with Corporate Governance

 
Increse maintenance proodcutivity

Efficiently audit assets by location

 
Simplify audit requirements

Satisfy all audit requirements

 

Features & Benefits

  • Multi-company, multi-currency and multi-lingual if required.
  • Provides complete information on asset status, history and location for audit trail purposes.
  • A single input screen is provided for the fast addition and update of assets.
  • Assets can be arranged in hierarchies, identifying parent/child relations and dependencies.
  • Transaction types include full and partial disposals, transfers, enhancements, cost adjustments, relifes, revaluations and splits.
  • Standard and user-definable depreciation methods can be applied by asset, asset group and period of account. Costs are retained for historical periods and automatically calculated for current and future periods as required.
  • The audit file holds a history of all user actions, identifying which records were affected and the before / after detail.
  • Electronic document management for the fast retrieval of associated files.

A single fixed asset register enables effective management of complex depreciation:

  • Depreciation is automatically calculated for any period or range of periods across multiple books.
  • User-definable analysis criteria by asset, asset group, cost centre or period of account.
  • Costs are retained for past period reporting and automatically generated for current and future periods as required.
  • Unlimited number of standard and user-defined depreciation methods for full statutory compliance.
  • Standard interfaces are provided to spreadsheet packages, property management systems such as MRI and many of the leading Finance / ERP systems.
  • On premise and cloud-based (SaaS) subscription options ensure the system fits your existing IT strategy.

When it comes to fixed asset management, RAM can help you to confidently meet the latest corporate governance regulations with accurate depreciation, component accounting and excellent reporting.

  • Enables compliance with the ever changing requirements of IFRS, GRAP, GAAP, Sarbanes-Oxley and other SOX-type regulations.
  • Comprehensive audit trail.
  • Strong security.
  • Enables organisations to meet and surpass audit regulations.
  • Accurate data provides peace of mind.

Improve cost control by reducing insurance premiums, extending asset lives, and comparing supplier performance:

  • Improve asset acquisition, utilisation and disposal processes with one version of the truth.
  • Avoid oversights by creating automated alerts for key events such as insurance renewal, warranty expiry or replacement date.
  • Minimise delay in the event of an insurance claim.

Exploit RAM's powerful fixed asset software to improve statutory compliance and accelerate year-end reporting:

  • Over 50 industry standard reports.
  • Comprehensive range of user-definable templates.
  • 25 levels of analysis for comprehensive enquiries and reporting outputs.
  • Standard balance sheet format report and drill down for instant asset analysis.
  • Reports are viewable on screen, in PDF, printed or can be exported to MS Excel™ or other standard flat file formats.
 

Asset Management Product Overview

RAM’s fixed asset accounting system helps organisations maintain compliance with accounting guidelines and tax rules and control, track, and record each change that occurs during an asset's lifetime. The software encompasses depreciation processing and forecasting, lease accounting, capital expenditure control, and asset tracking/physical auditing.

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FREE Whitepaper

The Seven Sins of Spreadsheets

Using spreadsheets to manage an ever growing asset register can lead to problems with business efficiency, from trouble with IFRS compliance through to poor or inaccurate depreciation calculations, audit trail issues and an inability to meet historical reporting and forecasting requirements.


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Software Availability Options


RAM understands the importance of providing deployment options which ensure optimum efficiency based on the individual needs of your business. With this in mind, RAM's fixed asset software can be deployed in one of three ways, providing true flexibility.

On Premise

On Premise

RAM's fixed asset software can be installed on any stand-alone PC or network at your site, providing your organisation with full control over the management and operation of the system and associated infrastructure (ie. servers, network, database etc...).

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Cloud Hosting

Ideal for organisations that have limited in-house IT and database expertise or no IT hardware infrastructure in place. RAM can host your fixed asset software in its secure data centre, providing you with full peace of mind when it comes to security.

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Software as a Service (SaaS)

If upfront investment is an issue for your organisation, why not acquire your new fixed asset software on a subscription basis? RAM's SaaS option will take care of all the IT, hosting, security and backups for the system, enabling you to maintain focus on areas that matter.

 

What Next...?


If you would like to learn more about our software or wish to
arrange a demonstration, contact us today and we will be happy to help!


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