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Fixed Asset Management Software

Real Asset Management's specialist IFRS compliant fixed asset management software can control, track and record every change that occurs during an asset's lifetime, such as asset status, history and location. It encompasses depreciation processing and forecasting, lease accounting, capital expenditure control and asset tracking/physical auditing.

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Average Rating

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RAM'S Fixed Asset Software will help you to:

 
Reduce your equipment downtime

Accurately Report Asset Depreciation

 
Simplify Year End Procedure

Simplify Year End Procedure

 
Reduce insurance premiums

Reduce insurance premiums

 
Complies with Corporate Governance

Comply with Corporate Governance

 
Increse maintenance proodcutivity

Efficiently audit assets by location

 
Simplify audit requirements

Satisfy all audit requirements

 

Features & Benefits

  • Multi-company, multi-currency and multi-lingual if required.
  • Provides complete information on asset status, history and location for audit trail purposes.
  • A single input screen is provided for the fast addition and update of assets.
  • Assets can be arranged in hierarchies, identifying parent/child relations and dependencies.
  • Transaction types include full and partial disposals, transfers, enhancements, cost adjustments, relifes, revaluations and splits.
  • Standard and user-definable depreciation methods can be applied by asset, asset group and period of account. Costs are retained for historical periods and automatically calculated for current and future periods as required.
  • The audit file holds a history of all user actions, identifying which records were affected and the before / after detail.
  • Electronic document management for the fast retrieval of associated files.

A single fixed asset register enables effective management of complex depreciation:

  • Depreciation is automatically calculated for any period or range of periods across multiple books.
  • User-definable analysis criteria by asset, asset group, cost centre or period of account.
  • Costs are retained for past period reporting and automatically generated for current and future periods as required.
  • Unlimited number of standard and user-defined depreciation methods for full statutory compliance.
  • Standard interfaces are provided to spreadsheet packages, property management systems such as MRI and many of the leading Finance / ERP systems.
  • On premise and cloud-based (SaaS) subscription options ensure the system fits your existing IT strategy.

When it comes to fixed asset management, RAM can help you to confidently meet the latest corporate governance regulations with accurate depreciation, component accounting and excellent reporting.

  • Compliant with the ever changing requirements of IFRS, UK GAAP, Sarbanes-Oxley and other SOX-type regulations.
  • Comprehensive audit trail.
  • Strong security.
  • Enables organisations to meet and surpass audit regulations.
  • Accurate data provides peace of mind.

Improve cost control by reducing insurance premiums, extending asset lives, and comparing supplier performance:

  • Improve asset acquisition, utilisation and disposal processes with one version of the truth.
  • Avoid oversights by creating automated alerts for key events such as insurance renewal, warranty expiry or replacement date.
  • Minimise delay in the event of an insurance claim.

Exploit RAM's powerful fixed asset software to improve statutory compliance and accelerate year-end reporting:

  • Over 50 industry standard reports.
  • Comprehensive range of user-definable templates.
  • 25 levels of analysis for comprehensive enquiries and reporting outputs.
  • Standard balance sheet format report and drill down for instant asset analysis.
  • Reports are viewable on screen, in PDF, printed or can be exported to MS Excel™ or other standard flat file formats.
 

Asset Management Product Overview

RAM’s fixed asset accounting system helps organisations maintain compliance with accounting guidelines and tax rules and control, track, and record each change that occurs during an asset's lifetime. The software encompasses depreciation processing and forecasting, lease accounting, capital expenditure control, and asset tracking/physical auditing.

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FREE Whitepaper

Overcoming the Hurdles of Fixed Asset Management

Download our free whitepaper to explore the challenges presented by fixed asset management. Find out how to evaluate current processes and how specialised systems can offer solutions.


Download Now

 

RAM Customer Reviews


Review our Software
product rating
4.66
out of
5
(58
Customer Reviews)

Product:Fixed Asset Accounting

Overall
product rating
5.00
Customer Service
product rating
5.00
Ease of use
product rating
4.00
By:
from
Advance housing & Support
on
September 06, 2016

Good product, excellent customer support
Does everything we need Fixed Asset software to do, very helpful support staff.
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Product:Fixed Asset Accounting

Overall
product rating
5.00
Customer Service
product rating
5.00
Ease of use
product rating
4.00
By:
from
Blaby District Council
on
August 10, 2016

Best Fixed Asset software around
I've been using RAM Asset software (previously Britannia) since the mid 90's at various companies and have always found it caters for my needs. Support is excellent, always offering quick and effective solutions to problems. Always recommend if asked.
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Product:Fixed Asset Accounting

Overall
product rating
5.00
Customer Service
product rating
5.00
Ease of use
product rating
5.00
By:
from
Royal Free London NHS Foundation Trust
on
August 10, 2016

5
I always receive first class service. All the help desk staff know me by name and thatmakes my job easier to seek help
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Tax Compliance

Blue Percentage
 

RAM enables customers to complete tax documents more quickly, easily and accurately than ever before. Tax functionality provides finance professionals with up to date and accurate information about deductions available for their depreciating assets. Combining one-step capital allowance calculations with the capacity for separately definable tax years and easily configured allowance rules, RAM's fixed asset software provides an easy-to-use tool for gathering information on qualifying assets.


Features

  • Leverages the records within the fixed asset register as a basis for tax relief calculation.
  • Supports grouped assets to enable capital expenditure to be apportioned to incorporate any number of allowance rules.
  • Automatically updates calculation in response to accounting events, such as transfers and disposals.
  • Detailed reconciliation reports outline the effects of calculations under the various allowance rules.
  • Calculates individual and pooled costs.
  • Instant calculation of asset allowance costs.
  • Produces fast and accurate ‘what if’ computations.

Improved Insight

Automated tax calculation delivers significant cost savings for organisations that have traditionally used estimates or outsourced.

  • One-off calculations can be undertaken for a specific project.
  • Produces detailed reconciliation reports grouping figures by allowance rules.
  • Stores allowance costs for past, current and future years.
  • Enables rapid tax planning through quick and accurate ‘what if’ forecasts.
     
 

FREE Whitepaper

The Seven Sins of Spreadsheets

Using spreadsheets to manage an ever growing asset register can lead to problems with business efficiency, from trouble with IFRS compliance through to poor or inaccurate depreciation calculations, audit trail issues and an inability to meet historical reporting and forecasting requirements.


Download Now
 

 

Software Availability Options


RAM understands the importance of providing deployment options which ensure optimum efficiency based on the individual needs of your business. With this in mind, RAM's fixed asset software can be deployed in one of three ways, providing true flexibility.

On Premise

On Premise

RAM's fixed asset software can be installed on any stand-alone PC or network at your site, providing your organisation with full control over the management and operation of the system and associated infrastructure (ie. servers, network, database etc...).

 
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Cloud Hosting

Ideal for organisations that have limited in-house IT and database expertise or no IT hardware infrastructure in place. RAM can host your fixed asset software in its secure data centre, providing you with full peace of mind when it comes to security.

 
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Software as a Service (SaaS)

If upfront investment is an issue for your organisation, why not acquire your new fixed asset software on a subscription basis? RAM's SaaS option will take care of all the IT, hosting, security and backups for the system, enabling you to maintain focus on areas that matter.

 

What Next...?


If you would like to learn more about our software or wish to
arrange a demonstration, contact us today and we will be happy to help!