Oracle Modern Best Practice for Banking—Finance

Fully Utilize Your Fixed Assets
Fully Utilize Your Fixed Assets

Fixed Asset Acquisition to Retirement

Gain more control of your asset management lifecycle by leveraging mobile, social, and analytics. Monitor and interact with your dispersed organizations through web-based applications to manage asset activities and transfer data to the 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 Assets
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Acquire Assets

Record asset acquisitions at all bank branch or corporate locations via purchases, projects, and contracts. Secure social interaction on open issues, questions, and approvals.


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

Recognize and Register

Automatically recognize assets on purchase. Dashboard-driven placement into service with 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 valuations, disposals, derecognition, and retirements in compliance with legal requirements. Maintain accounting and tax position alignment.



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

Manage Asset Insights

Actively manage fixed assets via secure, role-based dashboards, allowing centralized monitoring, alerts, reassignment, and period close for all locations. Provide fixed asset data to support tax, statutory, and regulatory reporting.


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