Quite often here at RAM, we’ll come across customers that aren't fully utilising their fixed asset management system at all, leaving them struggling with a legacy version that doesn't speak to the rest of the organisation properly. The movement of data and integration of systems between departments, together with reporting, is key to an automated and streamlined organisation and is one area where other systems fall down.
In the case of organisations with property-based fixed assets, the responsibility for the management of these is often spread across different departments. For example, handling estate function, ownership, maintenance, etc will fall to the corporate property team, and fixed asset value, acquisition, disposal and auditing, the responsibility of the finance team. In this scenario, data integration is critical.
RAM’s software offers this integration. The days of moving paper-based data between departments, or having the confusion of two people working on the same task at once can be negated by one best of breed solution that no only brings together property and finance but also ensures IFRS compliance, auditing, reporting, property compliance (such as asbestos surveys for example) and removes wasted time and effort in the process.
Furthermore, with the data collectively in one place, RAM’s system allows for remote working and therefore smarter working. There is no need for field-based staff to take folders or paper out with them, or post job sheets. The system brings everything together online and therefore available on mobile devices.
For too long, a holistic corporate approach to what the property services team require in order to fully manage property assets, and reliable integration into the IFRS complaint aspect of what the finance team requires has been missing. As specialists in the area of asset management and providing proven systems for IFRS compliance, RAM now has another string to its bow in offering one integrated corporate system that also incorporated corporate property services.