Fixed Assets
Efficiently manage, maintain, and monitor your enterprise’s fixed assets (property, plant & equipment) from a single location with OmegaCube ERP’s Fixed Assets feature.
Key Benefits of Fixed Assets
- Access all fixed assets from a single location.
- Comprehensive data for each fixed asset from acquisition till disposal.
- Separate depreciation methods for each fixed asset.
- Fixed asset profile with complete information, ensuring easy and hassle-free disposal.
- Integration with accounts and financial reporting modules leading to accurate financial numbers for each fixed asset.
Key Features of Fixed Assets
- Access & track all fixed assets such as, machines, equipment, tools, land, buildings, furniture, vehicles etc. from a single dashboard.
- Track fixed assets from their acquisition till their disposal.
- Automatically create fixed asset depreciation entries into journals.
- Define depreciation method for each type of asset.
- Track machine assets separately including service and maintenance schedules.
- Create fixed asset profiles with complete depreciation history & asset disposal/retirement plan.
- Enter assets as a physical inventory with the help of bar-code and RFID integration.
- Track maintenance records for each fixed assets and build maintenance schedules.
- Manage financial and taxation requirement for each asset automatically with the help of integrated financial reporting and analytical tools.
Our Customers are Our Purpose and Our Strength
With OmegaCube ERP, we were able to decentralize the Accounts Payable process, eliminate siloed operating methods and easily delegate various parts of the AP process to relevant stakeholders. There was a lot of double data entry that we were able to reduce, thanks to the process decentralization.
When we spoke to our accounting department, they indicated that there has been almost 100% improvement in daily operations because everything is real-time and instantaneous. We are basically light years ahead of what we used to do manually. With OmegaCube ERP, we actually get accurate data of estimated vs. actual costs after a project is complete right at our fingertips.
I sit down every morning and look at a report which tells me how much I owe, how much I have coming in and helps me plan for incoming orders. It’s become an integral part of running my business effectively, efficiently and profitably, and we could add six more businesses without having to change our software.”
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