Fixed asset accounting is one of the Finance Department’s most human and document intensive processes. Automation of Fixed Asset Accounting helps organizations significantly reduce costs and accelerate accounting and reporting process.
Datamatics offers a comprehensive technology solution for Fixed Asset Accounting that includes recording, coding, classification, depreciation calculation, physical verification, tabulation and management of individual assets. Datamatics’ platform-based suite of services is compliant with international as well as local GAAP requirements, and can be easily aligned to local Corporate and Income Tax laws. Complementary services include asset transfers and tax entries on the sale of assets.
- Seamless integration of information with existing enterprise applications like ERP systems
- Enhanced process turnaround and ROI by moving from manual to automated fixed asset management
- Efficient classification and indexing of assets, enabling better audits and improved compliance
- Unified source of fixed assets and advanced asset analysis, enabling accurate financial reporting and better business decisions