Cloud Based Fixed Asset Management System In Bahrain

By Author: Ali Hassan
Total Articles: 2
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Cloud Based Fixed Assets Management System in Bahrain (FAM).
Fixed Asset Management system is a call for every organization in order to update themselves and keep up with the changing times. This system simplifies the process for the employees as the system is much more efficient and easier to use. It also eradicates difficulties that employees may face while managing the fixed assets of an organization. One can monitor equipment, vehicles and other fixed assets then assess it and do the requirements easily with the help of fixed asset management system introduced by a Bahraini company called Al Amthal. Al Amthal has revolutionized the management of fixed assets by introducing this system.
Earlier people were required to keep hard copies and documents in order to track their fixed assets. This process can get tedious and complicated. But this is no longer required since any organization can use fixed assets management system which is an easy and hassle-free solution.
This system makes the work easy and fast for the organization from different difficulties in GCC countries millions of employees are working ...
... they are from different countries as per high authorizes acknowledged them to enables organizations to monitor equipment and vehicles, assess their condition, and keep them in good working order properly with their documents and asset tracking system. But now Al Amthal group well known Bahraini companies introduced Fixed Asset Management system in all over GCC countries to solve your problem in just few dinars.
Al Amthal Group has more than 4 (four) functionalities and modules in just on fixed asset Management system. Such as:
• Asset Registration and Profiling: This module provides the facility to an organization to create and maintain full profile of any assets such as asset pictures, asset financials, asset documents, asset description and asset maintenance. It can be also used in a form of a summary to complete the details on assets. It also provides one screen (bird-eye view) to the users. Besides that, fixed assets profile has 4 (four) functionalities: Fixed Assets Summary, Fixed Assets Financial Summary, Fixed Assets Vendor Details, Fixed Assets Inquiry & Reports.

• Asset Documents: This module maintains all the documents related to assets of an organization in an easy and flexible way. They also provide users with the facility to attach and view the related documents at any time. The asset documents are especially electronically maintained and controlled through a preset workflow or can be selected for workflow approval. The documents can also be maintained with all kinds of documents with expiry dates. They are also based on the system which can send the reminders to the users to renew the documents. Besides that, asset documents have 4 (four) functionalities such as: Documents Listing, Documents Upload, Document Expiry, Documents Inquiry & Reports.

• Asset Tracking: Asset Tracking is a state-of-the-art. This module basically helps in providing a complete bar-coding system and tracking of assets. The bar-codes can also be created and printed from the system using any kind of a bar-code printer. Therefore, assets can be tracked and reconciled using the hand -held bar-codes scanners. It also helps in generating and posting variance entries based on the physical count of assets. Besides that, asset tracking has 4 (four) functionalities such as: Fixed Assets Bar-coding, Fixed Assets Reconciliation, Fixed Assets Variance, Fixed Assets Inquiry & Reports.

• Asset Maintenance: This module is used for recording and accounting in an organization for all the maintenance which is carried out on assets throughout its life. The calculations of the maintenance cost and the corresponding effect on assets financials. The depression cost and life are calculated as per international accounting standards. Asset maintenance also has the ability to maintain the schedules and generates alert and reminders for users when maintenance is due. Besides that, there are 4 (four) functionalities of asset maintenance system such as: Maintenance Records, Maintenance Financials, Maintenance Schedule Inquiry & Reports.

• Asset Financial: This module is used for the comprehensive solution in an organization like it helps in recording, processing all the financial details against any asset including procurement and depreciation of assets. The financial asset system uses fixed-line depreciation method to run the depreciation every monthly according to the asset life. They also maintain the exact net book value of the asset and also, they can calculate the gain or loss sale on assets. In addition, the relevant accounting entries are automatically generated or posted to the general ledger. Besides that, there are 4 (four) functionalities of assets financial system such as: Fixed Assets Depreciation, Fixed Assets Disposal, Fixed Assets Other Financials Fixed Assets Inquiry & Reports.

• Dashboards, Inquiries and Reports: This module provide users with a number of comprehensive reports and inquiries including management dashboards. This system uses the state-of-the-art technology to provide most stunning and user-friendly dashboards, inquiries and reports providing wholesome view of the organization from every perspective. They are accessible for practically all fixed assets functions, such as Assets Register, Profile, and Depreciation, among others. In Business Intelligence Reporting, users can also construct their own reports and graphics depending on numerous characteristics. Besides that, they have 8 (eight) functionalities such as: Dashboards for Assets Profile, Dashboards for Assets Depreciation, Dashboards for Assets Financials, Inquiries for Fixed Assets, Comprehensive Standard Reports, Self-services, Business Intelligence Reporting, and Create Your Own Reports.

https://www.amthalgroup.com/en/product/index/14/fixed-assets

Amthal Group is Bahrain's leading ERP solutions provider. Amthal provides ERP systems such as HRMS, Accounting System and CRM. https://www.amthalgroup.com/