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FastFacts FAMS

by : FastFacts

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4.69 (4 Ratings & Reviews)

Brand: FastFacts

Type: Software

Operating System: Windows

Free Trial Available: No

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FastFacts FAMS Software Overview

What is FastFacts FAMS?

FastFacts FAMS helps enterprises with asset management and depreciation calculation from time to time. A friendly user interface along with robust report management facilities help users turn data into actionable facts. The software assures active compliance with the Companies Act, Income Tax Act, and generally accepted accounting principles. Moreover, users can even split individual assets into several small pieces, track shifting, sale, and transfer of the particulars.

How does FastFacts FAMS assure organized asset management facilities?

The asset management solution is in compliance with the Companies Act 2013. It is also capable of recording acquisition details like the relationship between parent and child, cost break-up along with Work in progress.
Users can split an individual asset into a variety of small assets.
The software is capable of monitoring assets that are discarded or sold, and help in calculating profit or loss.
FastFacts FAMS sends timely reminders on asset-wise insurance reports and warranty validity.
Depreciation gets calculated on a monthly, yearly and daily basis. Organizations can even modify individual amounts as per the Companies Act.

FastFacts FAMS Pricing

FastFacts FAMS pricing is available on request. You can generate a callback request with our internal team for more information.

Benefits of FastFacts FAMS

Admins can define the yearly Income Tax Act and Companies Act, in a seamless way.
Companies can personalize the depreciation rates as per their own policies. The rates can be calculated in double and triple shifts. Accountants can start with closing balances in case relevant details are not available.
The generated reports can be exported in Excel format.
FastFacts FAMS lets users import pre-calculated depreciation amounts in real-time.

FastFacts FAMS Features

Barcode Companies can label their fixed assets using barcodes.
Efficient The fixed asset management solution offers asset tracking facilities, an inbuilt depreciation calculator and tagging option as
Asset Management An individual asset can be split into a variety of small assets. Managers can tag them separately along with images.
Asset Tracking Asset-wise transfer, shift, discard, sale and split can be monitored in real-time.
Physical Verification FastFacts FAMS helps with physical verification of individual assets, barcode label printing and asset card generation.
Depreciation Calculation The fixed asset management solution calculates depreciation amounts for corporate accountants, tax professionals and auditors.
Stay Compliant FastFacts FAMS is compliant with general accounts principles, Income Tax Act and Company Acts as well.

FastFacts FAMS Plans & Pricing

FastFacts FAMS price is available on request

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FastFacts FAMS Specifications

Supported Platforms :
Device:
Deployment :
Suitable For :
Business Specific:
Language:

Windows
Desktop
Web-Based
All Industries
All Businesses
English

FastFacts FAMS Reviews

Likelihood to Recommend

Have recommended this product

Customer Reviews

4.69 out of 5

4 customer ratings

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Review

We love to hear from our buyers! If you have used the solution already, why not share your thoughts and help others make the right purchase.

Kamalijeet Singh

13, Feb 2021

Calculation deprecation is good

Likely to recommend : 8/10

Deepak Kumar

10, Feb 2021

Fast Facts FAMS software is user friendly and easy to use and company is ready to integrate with any SAP and ERP software.

Likely to recommend : 8/10

Prabhat Kumar

09, Feb 2021

Likely to recommend : 10/10

Harish Paten

28, Jan 2021

Calculation and Optimization.

Likely to recommend : 6/10

Compare FastFacts FAMS With other Fixed Asset Management Software

Fixed Asset Management Software

FastFacts FAMS

Starting Price

PRICE ON REQUEST

Reviews (4 reviews)

Ease of Use 4.8

Value for Money 4.8

Features 4.8

Support 4.5

Platforms

Ubuntu

Windows

iOS

Android

MacOS

Deployment

Web-Based

Perpetual

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FastFacts FAMS FAQ

Q. Do FastFacts FAMS offer asset-wise reports?

A. Yes, detailed reports depicting the longevity of an individual asset, enables users with better monitoring and decision-making skills.

Q. How does depreciation gets calculated in FastFacts FAMS?

A. Depreciation gets calculated on a monthly, yearly and daily basis, as per Income Tax Act, Companies Act, Shift wise and more.

Q. Is FastFacts FAMS available for an online demo?

A. Yes, FastFacts FAMS is available for an online demo. Our executives wll get back to you as per the date and time you are convenient with.

Q. What type of depreciation calculation method is followed by FastFacts FAMS?

A. The fixed asset management solution deploys depreciation monitoring methods like WDM, SLM, Lease hold and reserve bank.

Q. Does FastFacts FAMS feature a mobile app of its own?

A. No. FastFacts FAMS does not feature a mobile app as of now.

Q. How does FastFacts FAMS help with FAR (Fixed Asset Register) schedule management?

A. Enterprises can monitor FAR schedules as per Income Tax Act, Companies Acts, Form 3CD and gain or loss.

Q. How does FastFacts FAMS help with accurate business processes?

A. FastFacts FAMS assures accurate business process monitoring facilities with modules like Bar code and QR code tagging, real-time compliance with regulatory procedures and effortless updation facilities.

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