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Oracle Modern Best Practice for Insurance—Finance

Asset Acquisition to Retirement
Maximize Your Capital Assets

Capital Asset Acquisition to Retirement

Gain more control of your asset management lifecycle by leveraging mobile, social, and analytics. Monitor and interact with your entire enterprise through web-based applications where you can 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.


Acquire Capital Assets
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Acquire Capital Assets

Record all capital asset acquisitions through purchases, projects, and contracts at all branches and brokerages. Secure interaction via social network on open issues, questions, and approvals.


Recognize and Register
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Recognize and Register

Automatically recognize all assets on purchase. Dashboard-driven placement into service, useful life definition, and tax valuation.



Assign Amortization
Mobile. Analytics. icon Mobile. Analytics.

Assign Amortization

Automatically calculate depreciation and assign assets to cost center(s) based on predetermined rules. Track depreciation tax breaks and deferrals automatically.


Derecognition and Disposal
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Derecognition and Disposal

Manage asset valuations, disposals, derecognition, and retirements while staying in compliance with Statutory Accounting Principles.


Manage Asset Insights
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Manage Capital Asset Insights

Actively manage the capital assets for all branches via secure, role-based dashboards, allowing for centralized monitoring, alerts, reassignment, and period close.


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