Masters: Fixed Assets Definition (Group Creation, Sub Group Creation, Assets Definition), Maintenance Executive, Breakdown Management (Breakdown Type, Breakdown Reason, Breakdown Maintenance safety Master), Depreciation Management (Rate of Depreciation, Depreciation Group and depreciation Sub group)
Asset management streamlines and records maintenance activity and allows audits until asset retirement. Online ERP Software also automates IT asset life cycle with work flows. Asset management helps in making informed decisions about asset capacity, refresh and vendors by using a single system of action.
This Web-Based ERP Software provides a single system so that software can be transit from reactive to proactive and be audit-ready. It is a set of business practices which includes IT assets across business units in the organization. This ERP Software Solution combines financial, inventory, contractual, and risk management responsibilities to manage asset life cycle. This is made effective using meta data, electronic records to track and categorize different assets. This software allows an accurate account of technology costs, maximizes the business values, funding and sourcing decisions. ERP Development Companies are focusing more on usage and information values instead of focusing on data quantity and accuracy.
ERP Vendors in India are trying to manage the growing inventory of all types of software, and infrastructure that is not in the process of growth, but there are few features of asset management that have taken into account.
Below is the list of benefits that asset management can provide to your business