Modern distribution and wholesale businesses invest to grow and to stay competitive. That investment translates into pick-and-place machines, automated handling systems, laptop computers. Equipment of all sorts and shapes and sizes. Assets.
Large investments can have a profound effect on the financial performance of your business. Assets need to be accounted for correctly for legal and tax-efficiency reasons, but also so that you can analyze their value to your business.
Furthermore, assets are only truly assets to your business when used to best effect. You need to know if they are in the right place, correctly insured, that they are serviced correctly.
Controlling assets from a single system
Asset Management lets you control all these things from within your distribution software system because it is integrated with our Enterprise 6.0 suite.
Financially it enables you to:
- Calculate useful life.
- Work out depreciation.
- Handle leasing, non-tangible assets and financial assets.
- Automatically calculate profit and loss, and update easily for reconciliation.
- Make budget comparisons.
- Plan future investments and depreciation.
- Revalue assets to manage insurance premiums.
With physical control of your assets, Asset Management enables you to:
- Manage inventory lists by location, asset type or project.
- Identify missing assets.
- Number and label assets.
- Sort insurance information by asset or by insurance tables.
- Maintain warranty information.
- Manage service contracts.
- Trigger decision date prompts for renewal of service contracts