BurCom solutions | Asset Management
Enterprise Resource Planning
Customer Relationship Management
Human Resource Management
Budgeting and Planning
Cloud and On-Premise Solutions
Sage Fixed Assets integrates with ERP systems to provide businesses with the best of both worlds in fixed asset and financial management. These benefits include regular tax updates, more robust functionality, cost savings, knowledgeable support from depreciation experts, and enhanced compliance.
While spreadsheets are used by companies for a wide range of tasks, studies have shown that a majority of companies continue to use spreadsheets for financial tracking and reporting. The negative aspects of spreadsheets when it comes to tracking and depreciating fixed assets can be substantial, including the manual creation of formulas, lack of audit trails, security concerns, and the potential for fraud, to name a few.
In addition to help reduce the tax and insurance costs associated with ghost assets, comprehensive fixed asset management software can help you save time and avoid the hassles of managing assets manually in spreadsheets, maximize depreciation by choosing the best depreciation methods for tax planning, establish better internal controls and audit trails, produce more accurate financial reports, prepare for business continuity in the event of a disaster, and more.