Newgen Fixed Asset Management Solution
Newgen Fixed AssetManagement SolutionManaging fixed asset information across an enterprise to ensure tightoperational and financial control is a daunting task. The lack of a properfunctioning fixed asset management system can put an organization at riskon various fronts.The Newgen Fixed Asset Management Solution helps you gain access tooptimized processes and accurate financial statements while ensuring soundbusiness continuity plans.
Key Challenges Poor visibility andaccountability amongst users- ghost assets, loss, and theft Errors due to making directmanual entries in enterpriseresource planning systems(ERPs) High financial overheadsbecause of ineffective assetvaluation Inefficient asset tracking,resulting in misplaced or lostinventory Difficulty in managingcompliance Equipment failures andunplanned downtime,leading to low workforceproductivity
Newgen Fixed Asset Management SolutionThe Newgen Fixed Asset Management Solution, built on a low code digitalautomation platform, enables you to track the entire lifecycle of assets, whileensuring complete visibility into the management process, from acquisitionuntil disposition.By leveraging the solution, you can effectively digitize, record, maintain assetdetails and relevant documents in a central document managementrepository and manage the asset throughout its lifecycle, thereby eliminatingdependency on physical records. Furthermore, you can generate reports onasset status—especially related to aging and depreciation—and notify usersof status updates with rule-based alerts.Core HighlightsDigitized Asset Management Digitization of all asset records for easy monitoring and retrieval Centralized repository for asset and related-document management Process orchestration and automation layer to manage asset lifecycleConfigurable Rule-driven Checklist and Alerts Asset type-based checklists for commissioning and auditing Timely reminders for renewals, including lease, warranty, service, etc Rule-driven alerts for follow-ups on aging assetsEnd-to-end Visibility into Asset Status Dashboard view of complete assets, based on type, age, current value,status, etc. Seamless integration with multiple applications, including ERPs, foraccess to relevant information
With Newgen Fixed Asset Management Solution,Organizations can AssetTransferAssetDisposalAsset ApprovalDelegate approval requests to the appropriate stakeholders on-the-go,thereby reducing turnaround time. The solution also comes with: Dynamic rule-based workflows for asset requisition and budget validation Improved budgetary controls to manage your capital spending Automated purchase requisition and revision of budget detailsAsset CommissioningProvide configurable data sets to capture the accurate details of assets,based on their type. Maintain complete information related to the asset'spurchase, purchase, operations, safety and continuity. Simplify yourdocument-intensive process with the provisions to upload and follow preciseguidelines for installation, utilization, and maintenance. Additionally, get: A centralized asset database with photo tagging and data capturecapabilities Systematic capture and archival of transactions per standard operatingprocedures and guidelines Automated alerts to perform time-bound activities, including AMC renewal,warranty expiry, etc.
Assets AuditingEmpower users to manage the standard asset-based auditing practices,identify deviations/discrepancies, mitigate risks, and fulfil regulatoryrequirements. Also, the solution offers: Auto-initiated asset audits per pre-configured frequencies A configurable audit checklist, based on the asset type Mobility support for uninterrupted on-field audits Automated audit reports and archival in the DMS for future referenceAsset TransferRegulate asset movements within or outside your organization while ensuringcomplete control and transfer of asset ownership. Handle requests seamlesslyto remap assets based on the type of transfer, including departmental, entity,location, etc. Provide comprehensive asset transfer workflows with an addedapproval layer, and enforce the responsible, accountable, consulted, andinformed (RACI) model to asset ownership. Furthermore, the solution enables: Automated permission management, alerts, and notifications based on thetransfer type Automated computation of depreciation value, thereby ensuring accuratefinancial reporting Systematic tracking of assets with auto-generated asset transfer reportsAsset Disposal
Asset DisposalDispose of assets (end-of-life/malfunctioning/idle) via a pre-configuredworkflow, based on the type of disposition. Provide a 360-degree view ofassets to evaluate operational and financial parameters and make wellinformed decision. The solution also helps with: Insights into asset register, based on current status and auto calculation ofsale/scrap value System-driven alerts and notifications on aging assets Automated asset disposal, report generation, and archival
Why Newgen Fixed Asset Management Solution?Streamlined assetpurchasing/capitalexpenditure processBetter adherencewith compliance360-degree viewinto asset lifecycleImproved safety andrisk managementIncreased processefficiencyBetter budgeting andfinancial planningEnhanced asset reliabilityand performanceAbout NewgenNewgen Software is a vendor/provider of Business ProcessManagement (BPM), Enterprise Content Management (ECM),Customer Communication Management (CCM), DocumentFOR SALES QUERY DIALAMERICAS: 1 (202) 800 7783AUSTRALIA: 61 2 80466880CANADA: 1-202-800-7783Management System (DMS), Workflow and Process Automationsoftware. The company has a global footprint in over 69 countriesINDIA: 91 11 40773769APAC: 65 3157 6189with large, mission-critical solutions that have been deployed inMEA: 973-1-619-8002, 971 44541365Banks, Insurance firms, BPO’s, Healthcare Organizations,EUROPE: 44 (0) 2036 514805Government and Telecom Companies.WRITE TO USinfo@newgensoft.comSOLUTIONS FOR BUSINESS PROCESS & CONTENT MANAGEMENTwww.newgensoft.com
Newgen Fixed Asset Management Solution Managing fixed asset information across an enterprise to ensure tight operational and financial control is a daunting task. The lack of a proper functioning fixed asset management system can put an organization at risk on various fronts. The Newgen Fixed Asset Management Solution helps you gain access to
Asset Keeper Pro - Fixed Asset Cycle Asset Keeper Pro - Fixed Asset Cycle Page 5. Fixed Asset Cycle: Building your own Fixed Asset Cycle If you would prefer to add your own steps to the Fixed Asset Cycle because you are unsure of the procedure that you currently use, you can use the Add Step button. This provides a very quick method
Welcome to the world of Sage Fixed Assets! Understanding fixed asset management takes the right experience. For almost two decades, Sage Fixed Assets has remained the industry's most reliable, most respected name in fixed asset management. Today, Sage Fixed Assets is hard at work helping more than 25,000 fixed asset managers nationwide.
Management Structure of NBF NBF's asset management is entrusted to the asset management company. The asset management company conducts asset management of NBF based on the Asset Management Entrustment Agreement concluded with NBF. (i) Organizational Structure for Operation of Duties of the Asset Management Company
Supply Chain Finance Solution Managing the supply chain finance is complex and often poses unique challenges, thereby requiring business leaders, like you, to diligently approach the process and fuel growth, stability, and innovation for all the involved stakeholders. The Newgen Supply Chain Finance Solution helps you smoothly manage the end .
A “ghost” asset is property that is lost, stolen, or unusable but is still listed as an active fixed asset in the system. According to Asset Management Resources, a leading provider of asset inventory and reconciliation services, “After 14 years of experience, AMR has repeatedly found that 65 percent of fixed asset data is incomplete,
2. Fixed Asset accounting Team in F&A will identify the nature of asset and create the fixed asset master accordingly. 3. The concerned case worker in F&A or CSSP as the case may be, who is entrusted with the responsibility of settling the claim, will capitalise the asset through the tile “Asset Acquisition
Asset Keeper Pro - Convert from Other Asset Software - BNA Fixed Assets Page 5. Select BNA report file This is the dialog screen that is used to select one of the report files that contains your BNA data. Asset Keeper Pro - Convert from Other Asset Software - BNA Fixed Assets Page 6.
automotive manufacturers worldwide. Those companies that take a forward-thinking approach will gain a competitive advantage and secure a leadership position in a realigned automotive value chain. At Seco, we partner with OEMs and other vehicle-based organisations around the globe to help automotive manufacturers overcome their
