Posts

Showing posts from September, 2019

 How Enterprise asset management software is the best for fixed assets?

The enterprise asset management or  EAM  comprises the supervision of the maintenance of physical assets of a company throughout each asset's lifecycle. Enterprise asset management  is a process that includes  planning ,  optimizing, executing, and tracking of the required maintenance activities with the associated materials, tools, priorities, skills, techniques, and information. The fact is EAM (Enterprise asset management) is also often referred to as  CMMS  (Computerized Maintenance Management System). But EAM is more efficient than  CMMS as it   maximizes the lifetime of fixed assets by reducing costs, improving quality and efficiency along with the health of assets and environmental safety.  Concisely, Enterprise asset management software  is the best to use to keep the life of your fixed assets hiked. Why does Enterprise Asset Management software  the best? EAM   is a software used to maintain a database of information regarding maintenance operations. It

How fixed asset depreciation software is highly recommended to manage depreciation of assets?  

Constant use of fixed assets results in its depreciation. But the owners keep this fact hidden and continue using the fixed assets for a longer time, resulting in getting its value down to the fullest over time.  Buildings, machinery, and office equipment are depreciating assets  as at some age; these stop working. However, if their life and working measured, at some time, these can be replaced before these get dead entirely. Concisely, depreciation is the allocation of the accession cost of a fixed asset caused by a decline in its value. To find out how to measure the depreciation of fixed assets, see the software used below: Why Traxx for Fixed Asset Management Solution? Traxx is the oldest Fixed Asset Management Solution , has been used since the late 90’s. This software is the evolution of over 10k man hours with feedbacks from some of the top asset managers from Global Multinational Companies. Does Traxx compile the accounting norms? The fact is, Traxx is