System Introduction:

The Plexus’s Fixed Asset Management System is designed to automate the complete life cycle of fixed assets from Asset Addition till Asset retirement. The system is capable of handling all types of assets like Building, Equipment, Vehicles, Furniture & Fixture etc. In addition to that it handles all types of transactions like addition, revaluation, transfer & disposal of fixed assets. FAMS is built on top of industry strength relational Oracle database.

Key Benefits

• Flexibility to import data from Excel
• Calculate automatic Gain or loss on all disposal transaction
• Flexibility to generate manual or system generate Asset Code
• Facility to conduct what if Analysis based on different depreciation rate or method
• Provision to allocate bulk assets from lot
• Comprehensive user security module to create new user with their respective access privileges 
• Flexibility to specify to charge depreciation based in Purchase / Operational date
• Various pre developed reports available related with Fixed Assets transactions cycle
• Flexibility to run Desperation process of Accounting & Tax purpose separately
• Various asset tracking options based on their location, date of purchase, asset class etc

Specifications

• Ability to handle define unlimited Assets
• Flexibility to main up to four levels Organization hierarchy
• Support multiple depreciation Method & Polices for Accounts & Tax purpose
• Two level Asset Classification option
• All Financial transaction are integrated with GL
• User configurable fields for Asset addition detail
• Audit trail and adder & checker concept on critical transactions
• Tracking based on asset usage like transfer from individual to individual or location to location.

Product Reference

House Building Finance Corporation
HBFC provides financial assistance for construction and purchase of houses to the people of Pakistan. Plexus provided customized Fixed Asset Management software as per their required needs. This Fixed Asset Management system has automated to a large extent all depreciation calculations for their enterprise wide inventory.
Meezan Bank
Plexus has successfully implemented the fixed asset management system at Meezan Bank, which integrates its entire range of branches.
Pak Kuwait Investment Company
Plexus have also implemented its fixed asset management software at PKIC. Plexus fixed asset management system had been implemented using the latest version of Oracle relational databases.