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Modern best practice enablers of mobile, social and analytics have led to tremendous advances in aligning actual and budget costs. You have the ability to control assets by monitoring and interacting with the entire organization to finalize any asset activities and transfer to general ledger. Cloud applications provide an easy platform to securely socialize your asset acquisition, deployment, depreciation, retire and reinstatement.
Automated calculation of depreciation & rules –based assignment to cost center(s) etc. using GASB accounting standards. Automatically track depreciation tax breaks and deferrals.
Manage valuations, disposals, de-recognition and retirements in compliance with legal / grant requirements – maintaining accounting and tax position alignment.
Active management of fixed assets via secure role-based dashboard allowing centralized monitoring, alerts, reassignment and period close for all locations.