Consumer Update

Anyone who is familiar with fixed Asset management knows it can be a real headache and how it’s only manageable with the right software. Luckily, we have just the thing to help you out.

Real Asset Management’s Fixed Asset software helps organizations track and report on their fixed assets. The total solution includes modules for fixed asset accounting, Lease accounting, asset tracking, maintenance and facilities management.

RAM’s newly improved Lease4000 lease accounting software offers better lease management while aiding in compliance with new FASB and IASB regulations which start going into effect in 2018.

Needless to say, these new regulations will be inconvenient since almost all leases will have to put inputted onto the balance sheet. Though this is a large amount of work, Real Asset Management takes care of it.

When you get with RAM, you can expect the following:

• Asset Accounting – fixed asset accounting software to manage asset lifecycle and depreciation
• FAS 13 Lease Accounting – accounting software to assist with FAS 13 (ASC 842) compliance
• Asset Tracking – tracking software for day-to-day operations of regular asset audits – barcode, QR code, and RFID technology
• Maintenance Management – computerized maintenance management software (CMMS) to improve reliability and drive down costs
• Facilities Management – software for effective property management

Implementing Lease4000 for ASC 842 compliance, the software helps by taking existing leases and creating the associated asset record, treating the lease as either a finance or operating lease.

Regarding IFRS 16 compliance, Lease4000 takes already made operating leases and transitions them to finance leases, keeping a record of the original operating lease.

In addition, Lease4000 supports complex lease terms and conditions, thorough and flexible payment schedules, strong reporting, and large asset register.

For further information on Lease4000, check out realassetmgt.com today.