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Oracle Modern Best Practice—Asset Acquisition

Maximize your Assets

Asset Acquisition to Retirement

The mobile, social, and analytic capabilities built into modern best practices give you greater control of the entire asset management lifecycle. Monitor and interact with your entire enterprise through web-based applications to finalize any asset activities and transfer data to general ledger. With a complete view of your assets and equipment, you can align budgets with actual costs. Take advantage of the cloud for an easy platform to securely collaborate on asset acquisition, deployment, depreciation, retirement, and reinstatement. Use the following best practice as your roadmap for efficient, data-driven financial processes.

Acquire Assets
Recognize and Register
Assign Amortization
De-recognition and Disposal
Manage Asset Insights

Streamline Processes, Stay in Control

Align fixed assets with legal reporting requirements
Support mobile transactions
Improve productivity with role-specific dashboards
Monitor asset location and transfer assets to new locations and custodians with ease
Control costs with standardized processes
Automatically comply with corporate capital asset acquisition policies

Mobile. Analytics. Social.

Acquire Assets

Global recording of all asset acquisitions at all locations via purchases, projects, contracts and secure interaction via social network on open issues, questions and approvals.

Video: Modernizing Finance with Oracle ERP Cloud (3:24)

Mobile. Analytics. Social.

Recognize and Register

Automated recognition of assets on purchase. Dashboard driven placement into service, useful life definition and tax valuation.

White paper: Oracle Financials Cloud Introduction for CFOs and System Integrators (PDF)

Mobile. Analytics.

Assign Amortization

Automated calculation of depreciation and rules-based assignment to cost center(s) etc. Automatically track depreciation tax breaks and deferrals.

Customer Story: Oracle ERP Cloud Gets the Call at Tower Ventures (2:14)

Mobile. Analytics. Social.

De-recognition and Disposal

Manage valuations, disposals, de-recognition and retirements in compliance with legal requirements—maintaining account and tax position alignment.

Mobile. Analytics. Social.

Manage Asset Insights

Manage actively fixed assets via secure role-based dashboard allowing centralized monitoring, alerts, reassignment and period close for all locations.