Spine Assets Management Software
Spine Assets is an extremely feature-rich, adaptable, and user-friendly Fixed Assets Management software that allows you to manage depreciation accounting while adhering to the Income Tax Act, Companies Act, and Management Act regulations, as well as maintaining the assets’ AMC, Warranty, Insurance, and Service.
Property, Plant, and Other Assets are among the most significant and visible capital investments made by the majority of businesses. Thus, you’re in the proper place to successfully manage your fixed assets. With Spine Assets, you can easily manage Asset Lifecycle Management in a single, comprehensive solution.
Everyone agrees that keeping track of information on assets, locations, servicing, and depreciation accounting has become essential given the significant sums of money used for the company’s fixed assets and upkeep. Planning and monitoring fixed assets for internal and external accounting purposes is made even more advantageous by an increase in automation.
Asset Assignment
Assign assets to custodians, employees, locations, branches, projects, departments and cost-centers to enforce accountability & tracking.
Compliance Tracking
Integrated regulatory compliance that establishes a single source of data for finance with the use of history to reinforce established guidelines.
Repair & Maintenance Tracking
Manage repair requests to get equipment back & running to reduce downtime. Extend the life of the equipment by keeping it under warranty.
Ticketing & Helpdesk
The help desk guarantees timely assistance & prompt resolution of issues by defining and publishing their assured service levels.
Service Contract Tracking
Be prepared when service contract reaches to its end dates for timely renewals with due reminders.
Assets Auditing
Gain better control of your fixed assets with accurate financial records to meet and surpass audit regulations.
Insurance Policies Tracking
Premiums could be reduced if the asset register is always kept up to date and it is easier to make a claim if you can provide proof.
Document Attachment
Attach photos, manuals, invoice, purchase information, warranty or service cards to each equipment leads to faster troubleshooting.
Software License Management
Control and document the process of software license management to reduce license fees and curb illegal usage & problems associated.
Full Lifecycle History
Storing detailed asset information and financial history provides organizations with valuable data to enable business decision making.
Lease Contract Management
Full leasing details including lease codes, accrual dates, descriptions and related asset codes can be added, viewed, or maintained easily.
Check-Out & Returns
Roaming of assets can be tracked by updating the asset register with details on when and whom each time an asset is issued and returned.
KEY FEATURES OF SPINE FIXED ASSET MANAGEMENT
• Multi-company
• Easily track depreciable or non-depreciable assets
• Highly flexible parameter to codify the asset with Barcode/QR codes
• Asset status, history, and location for audits
• Hierarchical asset arrangement
• Identify parent/child relations and dependencies
• Multiple Transaction types
• Create separate Masters for Companies Act Groups, Income Tax Act Block
• Full and partial disposals
• Transfers, enhancements, cost adjustments
• Revaluations and Asset splits
• Standard and user-definable depreciation methods
• Apply by asset, asset group, and period of account
• Manage Historical periods
• Automatic depreciation calculations with Full statutory compliance
• Audit Trails via Asset History
• User audit logs
• Standard interfaces to spreadsheet and Accounting packages
• Electronic document management
• Manages cost-Breakups
• Suite of standard reports & User-definable reports – Report Builder
• Multiple Access Rights and Responsibilities allocation to users
• Easy Replication of Assets / Components
• Barcode Generation, Printing & Physical Verification