Comprehensive Asset
Lifecycle Tracking
Get end-to-end lifecycle management of assets, from procurement and allocation, to maintenance, audits, and sale or disposal. Ensure precise tracking, maximum visibility, and greater control in every stage. Be empowered to take more effective decisions, increase accountability, and extend asset value.
Real-Time
Asset Visibility
Whether its intra-company transfer to other business units or other departments in the same unit, know where your asset is at any given point in time. Get real-time data on the condition, usage, and location of your asset. Take informed decisions speedily, ensure minimal downtime and boost productivity across your business with the intuitive dashboard.
Depreciation
Management
Configure depreciation rules to ensure automated calculation year-on-year, based on type, usage, and accounting standards. Get salvage value at the end of asset year, accumulated depreciation, and know the asset value at a glance. Comply with regulations and be audit-ready and ensure accuracy of financial reports.
Barcode
Integration
With seamless integration of barcoding options, tag and track assets easily, and manage inventory accurately. Reduce manual errors and enable quick location and retrieval, identification, and valuation with the best healthcare management software.
Multi-Location &
Departmental Control
Efficiently manage assets on hand spread over multiple business units, branches, offices or locations, and exercise control centrally. Easily monitor asset utilization, and allocate assets more effectively, whether fixed or movable. Determine access levels and assign roles according to departments or locations, and maintain detailed utilization logs to avoid under-utilization, and enable smarter inter-departmental transfers.
Custom Reports &
Analytics
Generate in-depth reports, real-time data, gaining actionable insights with just a few clicks, provided by robust reporting and analytics tools. Custom reports on asset utilization, total cost of ownership and other factors are available with drill-down capabilities to identify bottlenecks, forecast needs, and strategize. Track asset, driving smarter business decisions that afford complete control and fuel growth.
Procurement
Simplify and streamline asset procurement end-to-end with Innsof’s procurement management solution. Trigger automated RFQs and purchase requests, make vendor comparisons on pricing and delivery schedules, speed up multilevel approval workflows, and PO generation. Ensure transparency, control costs, align with internal policies, and guarantee procurement in time. Guarantee efficient asset acquisition and management from the outset.
Seamless Integration
with Accounts
Seamless integration with Accounts facilitates accurate budgeting, eliminating duplication of entries or purchases, and helps in efficient lifecycle planning from the outlet. Any entry made in the Asset Master is reflected in the relevant head of Accounts, giving you a clear picture of the accounts payable, depreciation as expense, and similar, reducing manual work and effort.
Asset Purchase
Streamline Asset Procurement and Entry with Automated Tracking, Vendor Details, and Financial Integration
Enhance efficiency of asset purchase by streamlining procurement and entry processes with automation. Monitor asset status in real time with automated tracking, minimizing human errors and delays. Supplier management is significantly simplified by integrating with vendor details. You can also ensure prompt deliveries and proper documentation. With financial integration, purchase data and accounting systems are connected, simplifying budgeting and expense tracking, and improving audit readiness of your business. These features combine to create a seamless and transparent workflow that improves, control, compliance, and operational efficiency.
Asset Transfer
Enjoy seamless transfer of assets between business units, track movements and approvals accurately, gaining clear visibility across your company.
Accurate tracking and real-time visibility enable seamless and efficient asset transfer between business units. The movement and approval process are both automated so that you can ensure that the assets are transferred with the proper authorization, and avoid delays. By documenting every step, you can mitigate risk, and prevent miscommunication. You also get complete transparency as you have detailed records of asset history, location, and the parties involved. Improve accountability, interdepartmental coordination, and ensure optimal asset utilization throughout your company.
Asset Sale
Ensure accurate recording of asset sales, know the exact value, maintain precise financial records and ensure compliance.
Assets are often sold, either to improve cash flow, or because the asset is no longer needed, and it has to be recorded. You can significantly improve this process by implementing systems that guarantee precise documentation and valuation. You can ensure fair sale prices when you know the exact book and market values of each asset, and that there are no financial discrepancies. With automation in recording sales of assets, you can verify that all the information is correctly documented, thereby complying with regulations and ensuring audit readiness. You can make better decisions, minimize errors, and guarantee accountability throughout the entire process.
Asset Disposal
Dispose assets with Clarity by recording, tracking, and finalizing asset retirements with complete transparency, control, and audit-ready documentation.
When assets are no longer usable, have reached the end of their life, or aren’t required, they have to be disposed or retired. Make the process more accountable and efficient with Innsof’s asset management module. It records and tracks every step of the disposal right from the initial decision, offering you complete transparency. When you have to write off assets, you have all the required approval in place. It also enables complying with internal policy and external regulations. Mitigate risk and enhance the integrity of the asset lifecycle management with the increased visibility and control the system offers.
