fixed asset software

Comprehensive Fixed Asset Management Software

MRI’s specialist fixed asset management software helps organizations to meet the latest corporate governance regulations and tax rules with accurate depreciation, verified asset data and excellent reporting.  It enables compliance with the ever changing requirements of GASB, US GAAP, Sarbanes-Oxley, and other SOX-type regulations and provides a comprehensive audit trail enabling organizations to meet and surpass audit regulations.

When it comes to fixed asset management, MRI’s software controls, tracks, and records each change that occurs during an asset’s lifetime and encompasses depreciation processing and forecasting, capital expenditure control and asset tracking/physical auditing.

fixed asset software

US Tax Compliance

Complete tax documents more quickly, easily, and accurately than ever before, while managing all tax and financial requirements in one database.  Our expert teams continuously monitor and review US tax rules and regularly update the software to accommodate changes.

Calculates depreciation for federal and multi-state tax books and incorporates individual regulations for each of the 50 states, as well as managing all other aspects of US tax, such as bonus depreciation, MACRS.  Takes all of the stress out of year end tax calculations!

Benefits

Simplify year end procedure

Take the headache out of year end and close down fast with accurate data that can be passed directly to your finance system. Be confident in your data.

Reduce insurance premiums

Accurate fixed asset registers result in accurate insurance premiums which are not over inflated. Claims are paid out faster if asset records are verified and up to date.

Accurately report asset depreciation

Can calculate for any period or range of periods across multiple books. Costs are retained for past period reporting and generated for current and future periods.

Satisfy all audit requirements

Failing an audit is never an issue for clients using MRI's fixed asset software. Have full peace of mind that your data is accurate with a full audit trail.

Fixed asset software features:

  • Multi-company, multi-currency, and multi-lingual if required.

  • Provides complete information on asset status, history, and location for audit trail purposes.

  • Standard interfaces are provided to spreadsheet packages and many of the leading Finance/ERP systems.

  • A single input screen is provided for the fast addition and update of assets.

  • Assets can be arranged in hierarchies, identifying parent/child relations and dependencies.

  • Transaction types include full and partial disposals, transfers, enhancements, cost adjustments, relifes, revaluations, and splits.

  • Standard and user-definable depreciation methods can be applied by asset, asset group, and period of account. Costs are retained for historical periods and automatically calculated for current and future periods as required.

  • The audit file holds a history of all user actions, identifying which records were affected and the before / after detail.

  • Electronic document management for the fast retrieval of associated files.

  • Improve asset acquisition, utilization, and disposal processes with one version of the truth.

  • Avoid oversights by creating automated alerts for key events such as insurance renewal, warranty expiry, or replacement date.

fixed asset management software
fixed asset management software

Powerful and comprehensive reporting

With over 50 industry standard report and a comprehensive range of user-definable templates, our fixed asset software improves statutory compliance and accelerates year-end reporting.  Benefit from 25 levels of analysis for comprehensive inquiries and reporting outputs, get access to a standard balance sheet format report for instant asset analysis and view reports on screen, in PDF, or exported to Excel and other flat file formats.

Depreciation Forecasting & Modeling

Accurate depreciation forecasting models underpin cost-effective and tax-efficient capital budgets. MRI’s depreciation software exploits the fixed asset data to create ‘what if’ scenarios that accurately predict the effect of different capital expenditure and disposal programs, optimizing investment returns (ROIs).  It directly mirrors the asset register to remove the need for complex spreadsheets and uses date range and future predictions to create a robust forecast and avoid risky guesswork.

Market Sectors

Commercial

Implemented across 1,000+ commercial organizations in over 70 countries, our suite of fixed asset software helps ensure compliance with IFRS, and offers a scalable solution to cater for the needs of SMEs through to large multi-national organizations.

Government

Software designed to provide U.S. federal, state, county, and municipal government organizations with a complete solution for the management of fixed assets.

Healthcare

Manage your equipment list with our fixed asset accounting and asset tracking integrated solution. Globally, 200 healthcare clients use our fixed asset solutions as we can offer customers an integrated system that satisfies the requirements of the finance, IT, and facilities departments.

Education

As a leading supplier of GASB-compliant asset management software for Education, we help many colleges, school districts and education business officials acquire greater efficiencies and accuracies from software that simplifies their business needs.

Charity/Not for Profit

Fully compliant with the latest regulations, our range of fixed asset solutions is now used by many non-profit organizations.

Let's Connect

Fixed Asset Management

Learn more about how our fixed asset management software can help you to maintain compliance with the latest corporate governance regulations.

 

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