Fixed Asset Management

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Prodigious FAMS is designed to manage all the movable or non-movable assets of an organization. The system captures all details of a fixed asset during its life cycle, which includes information on purchase, depreciation, maintenance, sale & disposal. The system also keeps track of movement of assets from one location to the other. The system is fully integrated with the Financial Management System.

Product Details and Overview

Asset Classification Management

Grouping and sub grouping of assets

Detailing of the components of Assets

Pre-Procurement Management

Needs for the assets

Float enquiry to the vendors

Comparison analysis of quotations and terms of different vendors

Purchase Management

Various types of purchase models (General, Rate Contract, Lease Purchase Schemes and Trade In)

Historical data for purchase analysis

Purchase authorization at different levels

Taxation and discounts at assets and PO level

Various types of Goods Receive Note (Purchase Order, Cash Purchase and Credit Purchase)

Quality Control Check

Managing cost sheets ( freight, customs, land, transportation and other charges)

GRN authorization at different levels

Sales Management

Bid Management

Comparative analysis of the bids received

Sales Order Types (General Sales Order, Cash Sales Order )

Sales order validation authorization at different levels

Taxation and discounts at assets and Sales Order level

Managing cost sheets ( freight, customs, land, transportation and other charges)

Depreciation Management

Various types of Depreciation and Appreciation methods and calculations for financial accounting and taxation purposes can be defined.

Can be done at Asset Group Level/Asset Sub Group Level. Asset Level/ Asset Component Level

Can be calculated yearly/quarterly/Bi-Monthly/Monthly

Asset Maintenance Management

Recording of the maintenance contracts

Scheduling the maintenance

Calendar wise details of maintenance

Details of maintenance work done.

Asset Tracking & Bar Code Management

Interface with the Bar Code

Bar code tracking once the asset is received

Asset Movement Management

Requisition of the Assets

Issuing of the Assets

Keeping record of the assets movement across organization.

Other Modules

Dispose off and write off Management

Assemble & De-Assemble of assets

MIS Reports

Operational Reports available covering all the above workflows

Reports can be exported to Excel Sheet

Critical Dashboards with graphics available

Interface Capabilities

Interface with 3rd party applications for e.g. HIS, LIS, Hotel PMS, Financial Solutions and others.

Interface with Biometrics/Attendance Machines

Interface with Bar Codes & RFID

Interface with SMS / Email Gateway

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