Fixed Asset Manager Overview

What it replaces

Asset acquisition, accounting, physical verification, and disposal managed as separate activities, requiring Finance to maintain the asset register and reconcile changes across procurement, projects, accounting, and physical custody.

Key value

Manage the full asset lifecycle through one controlled record, connected to the asset register and General Ledger.

Key capabilities

PO, non-PO, and construction-in-progress asset acquisition
Integration with Procurement and Accounts Payable
Asset master data and capitalization rules
Asset transfers and disposals
Depreciation and amortization calculation and posting
Asset transfers and disposals
Physical verification and reconciliation
Impairment assessment and processing
Fixed asset register and reporting

Who is it for

Fixed Asset
Accountant
Fixed Asset
Manager
Finance
Controller

How it benefits them

Finance keeps acquisition, depreciation, verification, and disposal connected to one asset record.

PO, non-PO, and construction-in-progress asset acquisition

Asset master data and capitalization rules