Inventory Software & Fixed Asset Register: Asset4000
RAM UK provides finance and accounting teams with the very latest techniques available to manage corporate fixed assets with its fixed asset register solution, Asset4000.
A powerful, best-of-breed asset register that can control, track and record those changes that occur within an asset’s lifetime, Asset4000 can be interrogated so as to provide accurate, up-to-date and historical data spanning from the point at which the asset was entered onto the system, to its present state.
Its flexibility in allowing for user-definable fields means that organisations have the freedom to describe things in their internal corporate language, and because RAM understands that every business is different, Asset4000 allows users to benefit from customisable depreciation methods, full reporting facilities and the ability to import new assets from external files.
Asset4000 is a fully configurable module, which combines flexibility and ease with fine detail and precision. Complete with a Data Import Wizard which saves users both time and effort by eliminating the need to manually enter/update each asset, it provides a seamless interface with leading general ledger products, thus retaining any prior software investments. Similarly, Asset4000’s familiar, Windows inspired interface ensures that users encounter a far more modest learning curve.
Features & Benefits
- Single ergonomic input screen for the fast addition and update of assets.
- Ability to arrange assets in hierarchies, identifying parent/child relationships and dependencies.
- Multiple transaction types include full and partial disposals, transfers, relifes, revaluations and splits.
- Audit file holds a history of all user actions, detailing which records were affected and the before and after.
- User-definable depreciation methods to enable definition by asset, asset group or period of account and which can be calculated for any period or range of periods across multiple books.
- Twenty-five levels of analysis for comprehensive enquiries and reporting.
- Data links to spreadsheet packages, general ledgers and management reporting tools ensure a truly integrated solution.
Flexible Depreciation
The system caters for all asset types and is a fully customisable depreciation software tool. Organisations can choose to consolidate multiple registers for group reporting purposes and can concurrently maintain discrete financial information.
Any number of historic and/or current cost accounting books can be set up to allow for different values and currencies to be associated with individual assets and, with the capacity to create fully comprehensive and detailed asset histories, inclusive of image functions and parent/child relationship views, keeping track of your assets is easier than ever.
Compliance
With finance departments being held increasingly accountable for their fixed assets, and with the ever-changing requirements of Sarbanes-Oxley, SORP, IFRS, MHCA, UK GAAP and the Turnbull guidance (to name but a few), the need for a fixed asset system has never been greater amongst Commercial and Public Sector organisations alike.
Whether in relation to reporting, security or providing an audit trail, organisations can be confident that Asset4000 will ensure they remain up-to-date with the current compliancy requirements for their sector.
Comprehensive Reporting and Forecasting
Asset4000 offers a powerful report engine comprising over 50 standard reporting structures in addition to a comprehensive range of user-definable templates.
With the ability to create both simple and complex reports, Asset4000 enables output to be speedily transformed from a summary into a detailed, professional analysis.
Real Asset Management strives to maintain its high standards within the software industry and has received the following accreditations:
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