Fixed Asset Software Intelligence within Asset Management

Fixed Asset Software Maintaining accurate, up-to-date fixed asset records has never been more important. Government regulation and an overall push toward greater fiscal transparency for organizations necessitates that fixed assets above a certain capitalization threshold be tracked from acquisition through disposal. EmphoSys understands that tracking these assets can be both time-consuming and challenging. However, the rewards for doing so can be great. Accurately tracking fixed assets helps to ensure accurate financial statements, discourages misuse and theft, and can prove valuable in making sure an organization is properly insured. Developed and field tested by asset inventory professionals, AiM™ Fixed Asset Software (FAS) by EmphoSys is a powerful and flexible fixed asset solution for government, higher education, K-12 and commercial organizations. Whether you are in need of a new stand-alone system or interested in a user-friendly alternative to your current ERP fixed asset module, AiM FAS can meet your fixed asset management goals and requirements.

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Sage FAS offers simplified asset management with in depth depreciation calculations.

Services Offered By Us

Sage Fixed Assets - Planning

Sage FAS Planning helps manage as many projects as you need and includes over 45 user-defined fields and multiple built-in fixed asset reports such as actual vs budget variance. In addition, you can easily manage both capitalized and expensed assets and get key project information at a glance with “Project Snapshot”.

Sage Fixed Assets - Depreciation

Sage FAS Depreciation helps manage the entire fixed assets life-cycle and provide advanced reporting for your year-end financials. Sage Fixed Assets—Depreciation offers more than 50 depreciation methods including MACRS 150 percent and 200 percent (formulas and tables), ACRS, Straight-Line, Modified Straight-Line (formulas and tables), Declining Balance, Sum-of-the-Years-Digits, as well as user-defined.”.

Sage Fixed Assets - Tracking

Use Sage FAS tracking to eliminate lost or stolen assets. Tracking integrated with Sage Fixed Assets Depreciation allowing all of your data to be in a single database for asset management. Sage Fixed Assets—Tracking makes keeping track of the items you use to run your organization a whole lot easier.

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Benefits of Fixed Asset Software

Fixed assets have their value measured through two primary factors – their application and their longevity. The former is calculated by their cost versus the delivery of function while the latter is derived from its lifespan. Fixed assets are defined as tangible property that cannot be sold immediately, so fixed asset lifecycles will affect your business’s accounting substantially.
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Asset Visibility

Ensuring that your fixed assets deliver their full value to your organization requires you to perform a deep dive into the entirety of their lifecycles. This, in turn, obliges you to capture data at every stage of their development to accurately map out your fixed assets’ lifecycles. This includes tracking this information up to before these items even become fixed assets as well as being able to account for all possible variables that could affect their status within your fixed asset accounting process.

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Fixed Asset Compliance

Depreciation rates of fixed assets and recurring costs in asset-related functions are not the only expenditures or concerns that affect fixed asset accounting procedures. Several financial regulations influence fixed asset reporting requirements, including tax laws and transactional notification obligations. These regulatory responsibilities will additionally shift over time, yet failure to comply with new mandates will incur penalties. Lack of intimate knowledge in compliance will also affect your ROI on fixed assets in the form of losses resulting from pitfalls that cause you to overpay for taxes and insurance fees on your assets.

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Accounting Automation

A 2017 survey by Bloomberg found that out of 100 executives in the US finance sector, almost half spent an average of four to five days a month using manual processes to track their fixed assets. Another third of those surveyed spent almost two weeks each month instead, meaning that an entire 80 percent of the sample wasted between 25 to 50 percent of their time every month out of the year managing their fixed assets with outdated procedures.

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