The backbone of any service offering is Fixed Assets of an organization which is directly linked to the health of the Fixed Assets. Management of fixed assets is an ongoing challenge and needs to be aligned with the operations of the organizational strategies thereby effectively delivering service needs expected of the assets.
The success rate of any business depends upon high “Return on Assets” (ROA) as a measure from inception to retirement in terms of the effectiveness of capital asset programs. This can be achieved through streamlining asset maintenance operations, maintenance process and protocols that are custom built to enable perfect service delivery to the customers.
FOTIS offers an end to end Asset Management solution that helps to setup and manage all the assets in any organization. The module is user friendly and with templates for master data to avoid tedious data entry. It is seamlessly connected with Fotis’ inventory module and is seamlessly flows into the finance modules such as General Ledger, Accounts Payable and Accounts Receivable. Depreciation is auto calculated based on life of the assets and method of depreciation set in the Fixed Assets Master.