Fixed Asset Management Software
By Michale Jordon

Asset management is a way of managing infrastructure capital assets that minimizes the cost of owning and operating those assets and maximizing their performance over time. It is a systematic process of maintaining and operating physical assets cost effectively. The basic processes in fixed asset management software are facility inventory, capacity, criticality and condition assessment and asset valuation. Some advanced processes are formalized operation and maintenance program and life cycle cost analyses and evaluations. Fixed asset management software imparts many benefits to an organization. It optimizes asset life, normalizes CIP sending, improves reliability, reduces unnecessary maintenance and prepares for regulatory and financial community.

Some silent features of fixed asset management software are easy asset setup, intuitive interface, asset categories, depreciation management, asset review, asset manipulation, asset and inventory tracking and barcode scanners. It generates many reports that are handy for management review.

Asset Management is not a specific product or service, but rather a way of doing business. It provides a solid foundation from which to monitor the transportation system and optimize the preservation. It is a framework for making decisions in order to
use resources efficiently. Assets can take various forms - People, money, information and physical resources.

Inventory asset management software brings depth of experience and great expertise to every physical inventory project, ensuring a smoother, faster, accurate inventory. IntelliNt System Consultant will oversee the entire development of your in-house inventory system, and manage all stages of the initial project...everything from barcoding assets to reconciling the data - eliminating the hassle of training internal staff to conduct a fixed asset inventory. Inventory asset management software carefully monitors the inventory with periodic checkpoints for data accuracy.

Inventory asset management software combines highly detailed recording and reporting through intuitive, user-friendly interface. The level of record you wish to include is upto you but may include: Asset Details (i.e. Type, Serial Number, Description), Purchase Price & Current Valuation, warranty/maintenance dates & costs, components and attachments, movement to different locations, cost centers or people, associated asset management costs, lease & rental information, cost centre & ownership, supplier and maintenance provider, user defined information by asset type and change history & audit trail. Intelli AssetPro software is a powerful yet easy to operate modular inventory asset management software with the ability to manage your assets from initial purchase through to final disposal.
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By Michale Jordon

Article Source: http://www.financemanual.com Michale Jordon is the expert of Fixed Asset Management Software

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