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Showing posts from July, 2019

Why does a fixed asset audit the best remedy for all business asset?

In this digital era, auditing of assets is not as daunting as previously. With a fixed asset audit , assets can be audited effectively, swiftly, and flawlessly. The fact is, assets are the long-term pieces of property, which is mandatory and significant to every organization to maintain. It includes everything starts from laptops to warehouse machinery. Thus, to keep them maintained, there is a need for asset audit services. Why should you need an asset audit service? Without effectual maintenance of assets, your financial balance sheets will be inaccurate. You will bear loses as your fixed assets have been destroyed as no maintenance they are getting. The fact is, depreciation is a part of assets but without maintenance on a regular basis, these ruin their actual value. Thus, every business even a small scale or large one needs to have a fixed asset audit service. Else, they are not executing their business accordingly statutory requirement. Moreover, with asset audits, wo

Here are the top 3 procurement processes you should automate right now!

We are sure that you must have heard about  procurement software , but have you thought about implementing it? Well, if not, then you must. Every company looks for solutions that will help them not spend a lot of money on hiring new employees and look us for a solution which will help them save cost. So, what can be the solution to streamline this process? How will you go about reducing invoicing process as well as manual data entry errors? Well, FAMS has a solution for you, and that is their  procurement automation system . This software will let you manage the life cycle of fixed assets 360 degrees. Using this tool will let you manage cost-centre wise budgets, vendor management, asset requisitions, PO generation, as well as RFQ. Why  Procurement to Pay Process ? • It is lightweight and easy to manage. Since it is in web-form, it becomes easier to handle. You will find catalogues which you can use to simply the selection process along with frequently procured items. • FAMS’

How FAMS depreciation fixed assets software is the right choice for you

FAMS is a provider of best quality accounting software which is cloud-based. FAMS depreciation fixedasset software is suitable for all kinds of business, for instance, small and medium scale enterprises and can provide you with real-time operational along with financial insights to automate some of the most critical processes. Depreciation software allows all the users to reduce their recorded cost of any fixed asset. There are many examples of fixed assets, for example, furniture, building, as well as office equipment. The reason to hire FAMS for their depreciation tool is to tally the portion of the fixed asset cost to the revenue that you earn. Using a depreciationasset tool, you will be able to record your revenues along with their associated expensed in order to get a clear picture of a revenue-generating transaction. FAMS gives you a simplified configuration tool, where with a single click, you will be able to depreciate all the assets. Their tool comes with flexible

How crucial is Enterprise asset management software?

Managing of assets in an accurate manner is quite daunting, especially if you are a medium or large organization. Besides, there are small scale organizations who are unable to manage their assets seamlessly. Thus to cater to this need, small to large scale organization must use Enterprise asset management services , where they will get an EAM software, thereby they can manage their assets flawlessly from anywhere. What is Enterprise asset management or EAM software? EAM, or enterprise asset management software is a worthwhile way to get a holistic picture of an organization’s physical assets and infrastructure throughout their whole lifecycle. It includes all details such as operation, maintenance or upkeeping, disposal, and replacement. Which assets are covered by EAM software? The term assets refer to fixed assets like plants, machinery, buildings, etc. while the term moving assets include vehicle, etc. The fact is, for effectual fixed assets management, there sh