Categories: Software

Top 5 Fixed Asset Management Software

Managing fixed assets is one of the most important part of any business organization’s strategy. It involves monitoring of all asset purchases. Irrespective of the size and type of business, keeping track of assets is important for every organization as it can save both time and money. Often business organizations try to overlook the importance of proper asset management unless they have to face some loss, which sheds light on the need and importance of managing the fixed assets properly.

Manually managing these assets isn’t easy as it requires a lot of effort and time. Managing proper, up-to-date and accurate data of fixed assets can be challenging, especially when it comes to preparing reports for audit. This requires reams of paperwork along with a team of people to work on it. The only way to properly manage and track the fixed assets of your company is deploying a good and robust fixed asset management solution.

But, with so many different types of such software available in the market, confusion is inevitable.

List of top 5 Fixed Asset Management Software

1. Smart Assets

Smart Asset Manager is a Fixed Assets Tracking and Management software that helps in tracking and managing your fixed assets as well as their depreciation. This software comes with features like sub-asset tracking with respect to individual assets, revaluation of assets, records custodian and department responsible for the asset, transfer of assets with acknowledgement, captures purchase information, recording the maintenance costs of individual assets, management of leased, bonded and written off assets and multiple depreciation systems including gaap to name a few.

2. Spine Assets

One of the most comprehensive, user-friendly and comprehensive software, Spine Assets helps managing depreciation accounting, keeping in view the necessities of India Companies Act, Income Tax Act and Management Act. Some of its features include asset acquisition, depreciation calculation, inventory management, document management, tax management, asset lifecycle management, bar-code label reader, asset relocation, accounting etc.

3. EAMbrace Asset Management

EAMbrace is an enterprise asset management solution that is designed to help all business organisations, irrespective of their size, to manage their fixed assets spread across different locations. It acts the perfect electronic fixed asset register. audit trail, barcode scanning, asset management, vendor management, lease management, disposal management, fixed asset register, depreciation management and asset lifecycle management are some of the key features of this software.

4. FAMS Assets Management

A comprehensive, web-based fixed asset management solution, FAMS helps in performing complex depreciation calculations for financial and tax reporting, asset inventory tracking, Barcode and Physical verification. Its key features include inventory management, document management, asset lifecycle management, depreciation management, asset budgeting, tax management, disposal management and data security, to name a few.

5. Asset Reckoner

The first choice of mid-sized companies, Asset Reckoner is one of the most powerful depreciation system. This Fixed Assets Depreciation software helps professionals responsible for asset management to track and manage company’s fixed assets easily. It comes with features like asset management, inventory management, asset lifecycle management, asset budgeting, depreciation calculation, depreciation management and multi shift depreciation to name a few.

Here it is! These are the top 5 fixed asset management software, which are preferred by most of the business organisations. You can you can choose one from the list that suits your business requirements and of course your budget.

Gargee Goswami

Gargee Goswami is a self-confessed bibliophile who loves to write in her free time (the little that she gets). Having vast experience of 6+ years, she counts tea, travel and food as her life's great passions.

Share
Published by
Gargee Goswami

Recent Posts

Top 20 Best Call Recording Apps for Android Phones 2019

“Calls may be recorded for training and quality purposes.” You must have heard this line while you called customer care…

2 days ago

List of 10 Best Barcode Scanner App for Mobile & Desktop

Barcode scanners are systems that read and translate barcodes from images, into alphanumeric characters. The scanner matches data on the…

4 days ago

24 Best Free Data Recovery Software

Did you just realize that you had deleted or lost some files, somewhere? What to do now? It’s evident that…

4 days ago

Keka HR– The Ultimate HR Management System for Businesses: A Review

In any organisation, the role of human resources is probably one of the most difficult of all, as they have…

2 weeks ago

How to Unlock Answers Hidden Within Your Own Data?

Data exploration is the first stage in the process of data analytics where an individual makes the use of a…

2 weeks ago

Nippon Koei: Strengthening Brand Reputation with Secure Email Management

When’s the last time you tracked the status of your email security? There are still some organizations, which use an…

2 weeks ago