overview
Geographically diverse banks have fixed assets distributed across locations. Depreciation calculations using various methods and transfers between locations create a unique challenge.
Surya addresses these fundamental challenges and unique requirements of such diverse banks with its Fixed Asset Management (FAM) solution. A centralized web-based system, FAM provides end-to-end tracking of a fixed asset throughout its lifecycle- from asset registration and maintenance, to depreciation, sale and write-off.
features at a glance
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Fixed asset
booking and register
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Depreciation
per multiple accounting standards
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maintenance, transfer, revaluation
Captures all details of maintenance, transfer, revaluation, and disposal of the fixed asset
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central management
of documents related to Fixed Assets
FAM HELPS BANKS TO
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Gain a complete view of all fixed assets quickly and easily
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Quickly register fixed assets with all information captured
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Manage the entire lifecycle, from booking to disposal, in multiple currencies
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Meet financial accounting and reporting requirements
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Revalue an asset or set of assets belonging to the same asset class
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Analyze data on assets, valuation and depreciation across the enterprise