DELMIAWorks Fixed Asset Management Overview
Improving tracking of assets by combining ERP and financial property management.
Eliminate islands of information when your fixed asset system is part of your ERP suite. The DELMIAWorks Fixed Assets manager provides detailed asset tracking including accumulated depreciation and gain/loss detail, properly accounting for each asset during ownership and at disposal. Knowing exactly what you have could save you thousands or even millions of dollars in taxes and insurance costs.
The DELMIAWorks Fixed Assets manager is an important component of the DELMIAworks suite and offers companies the unparalleled advantage of being embedded into the rest of your ERP package.
Fixed Assets links to the DELMIAWorks general ledger and preventative maintenance tools. It includes depreciation calculations, customizable fields, multiple book options and more — offering you the functionality of third-party spreadsheets without the third party. As an added benefit, physical inventory of assets can be completed using handheld scanning to provide a seamless system for all your property tracking.
Key Benefits
Through integration with other DELMIAWorks ERP modules, you can easily and accurately track an asset's purchasing and depreciation history, access related documents, view journal postings, tax information, maintenance records and more.
- Comprehensively track your property assets
- Manage the entire fixed asset life cycle including transfers and disposals
- Create general ledger journal entries directly
- Reduce research time by linking directly to Preventative Maintenance so you have all information stored under a single asset record
- Easily enter data for verification of assets by using Warehouse
- Management barcode scanning
- Eliminate time-consuming manual reporting as standard tax forms and reporting methods are fully supported
Module Demonstration
Learn about DELMIAWorks Fixed Asset Management
DELMIAWorks Fixed Asset Management Features
Accurately and efficiently manage your fixed assets / equipment throughout their entire lifecycle
- Lifecycle management tracks assets from acquisition through final disposition.
- Detailed asset profile provides complete depreciation history to assist with asset retirement management.
- Flexible depreciation calculations support customer depreciation methods as well as standard methods such as straight line, declining balance, variable declining balance, ARCS, MACRS, user defined depreciation methods and more.
- Multiple depreciation books associated with each asset allows users to calculate depreciation for various purposes including federal tax, corporate financials, AMT, ACE, state tax, or Internal and user defined.
- Physical inventory of fixed assets is made simple with the integration of the DELMIAWorks WMS wireless scanning process.
- Track asset maintenance records with instant access to the Preventative Maintenance module.
- Group assets into General Asset Accounts (GAA) to depreciate all the properties in each account as a single item of property.
- Automatic links to other DELMIAWorks financial modules enables calculated depreciation entries to be posted directly to the general ledger.
- Intuitive standard templates and import capability for existing assets streamlines the set-up process.
- Simplify financial and tax reporting with automatic generation of business and tax reports and forms.
About DELMIAWorks
An end-to-end ERP System developed with a “shop floor first” focus to help mid-market manufacturers increase efficiency and visibility of performance on the plant floor
Supporting the Growth of Manufacturers
Whether you use a build-to-order or build-to-stock supply chain model, DELMIAWorks systematically streamlines manufacturing across process, discrete, and repetitive manufacturing environments. DELMIAWorks specializes in providing a comprehensive ERP solution for mid-market manufacturers to stay lean, agile, competitive, and compliant. The DELMIAWorks system is a scalable solution that can expand and grow with you, regardless of your company size.
- A startup or small manufacturing company looking to transition from QuickBooks and spreadsheets,
- A mid-size manufacturer looking to increase the visibility of operations across multiple locations,
- A subsidiary of a large organization looking for a standalone MES solution to support digital manufacturing initiatives
The DELMIAWorks Advantage
The DELMIAWorks Manufacturing ERP solution provides a proven, single technology platform that delivers end-to-end visibility of the complete manufacturing process. The real-time visibility of events occurring throughout the manufacturing process allows customers to eliminate waste and non-value added processes, and improve manufacturing efficiency, including:
- 60% increase in growth without additional labor resources
- 100% on-time delivery
- 66% reduction in scrap
- Zero shipping errors
- 70% reduction in maintenance costs
- Reducing repair time by 75%
- Increased plant efficiency from 70% to 98%
Interested in DELMIAWorks Fixed Asset Management?
Contact us and get your questions answered today
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