Accurate forecasting is an essential part of business decisions and the area of asset management is no exception.
In order to budget more accurately, many organisations will use financial software, which can use existing asset information to run ‘what-if’ scenarios for future capital expenditure and asset disposals. Accountants and finance teams can build any number of different strategic models and present the most cost-effective and tax-efficient capital budgets. Forecasting software can help you to plan and forecast for any range of future accounting periods or years and produce precise budgets for the immediate future year and for longer periods.
It will also enable the analysis of the effect of depreciation charges against individual assets and asset groups, helping the finance team to make decisions about fixed assets and what is the best course of action, thus helping make your job easier.
To find out more about how Real Asset Management’s depreciation forecasting and modelling software can help your organisation, contact us today at firstname.lastname@example.org or call us on +44 (0)1689 892 137.