Webscreations Fixed Asset Management Software
A custom built asset management software for the African market.
Fixed asset management is an accounting process for tracking fixed assets for the purposes of cost variation, monitor, financial accounting, preventive maintenance, and theft deterrence. Our fixed asset management software for fixed asset management is targeted for schools assets, companies assets, NGO assets, County Government assets, Church Assets, Governments and parastatals, Universities and colleges and small organizations small and large.
Are you looking for a solution to deter theft, conduct prevent maintenance, and handle financial accounting of your fixed assets?
Regardless of your company’s size, asset tracking is important. A manual method is not sufficient for this process as it will require a higher level of staff for completion and it will leave your data susceptible to poor quality and inaccuracy.
Furthermore, it is time-consuming. According to a survey by Bloomberg BNA, 46.8% of respondents from US-based finance executives revealed they spend an average of one week per month on conducting fixed assets accounting on manual spreadsheets and database management. This takes up their time away from other crucial processes such as strategic planning and analysis.
The issue with manual asset management doesn’t stop there. According to Webscreations FAM’s via Infographic Journal, 65% of fixed asset data is inaccurate, incomplete, or missing. To help mitigate this issue, a fixed asset tracking software is used by businesses to keep track of their valuable and fixed assets in a streamlined, accurate method. It ensures organizations are aware of what they own, where their assets are located, and who are using these assets.