AssetCenter

FINANCIAL MANAGEMENT
Financial management for the full asset lifecycle

Unlike fixed assets, IT assets are constantly changing – being moved, upgraded, repaired, reconfigured, redeployed, and retired. Determining the true cost and book value of IT assets requires a full lifecycle approach that includes not only acquisition costs, but also servicing, upgrade and disposal.

ACCURATE, EFFICIENT ACCOUNTING FOR COMPLIANCE AND TAX CALCULATIONS

AssetCenter Financial Management tracks full lifecycle costs of an asset and reports them by budget, cost center, department. It provides detailed expense-line data (with a much deeper level of accuracy than ERP applications) for calculating asset depreciation and residual value. This helps satisfy the requirements set forth in Sarbanes-Oxley, BASEL II, and other government regulations.

AssetCenter Financial Management also serves as the general ledger for IT, calculating tax liability and associating tax rates to product categories and locations. Taxes linked to asset acquisitions appear at each stage in the lifecycle.

INTEGRATION WITH ERP SYSTEMS

AssetCenter Financial Management integrates easily with most ERP applications to calculate the actual value of each IT asset and provide a roll-up of IT’s true financial position. By reconciling fixed assets with the IT asset portfolio, it enables managers to accurately determine the true book value of assets.

BETTER BUDGET MANAGEMENT AND PLANNING

Without detailed expense tracking and reporting, large cost overruns often go undetected. AssetCenter Financial Management records all costs as expense lines (including assets, contracts, lease payments, work orders, maintenance and consumption) and tracks accrued costs by business unit, cost center, or geography. By reconciling budgets against actual expenses, AssetCenter Financial Management enables managers to monitor and control spending before overruns occur. Understanding actual business unit spending also provides a better baseline for budget planning.