EAM Budgeting and Planning

Efficient and Streamlined EAM Budgeting and Planning

FinanSys Apps Enterprise Asset Management (FSA EAM) enables you to track and optimise the lifecycle of your assets with the Asset Management App Group. From acquisition to disposal, it ensures that your assets are utilised efficiently.

The Asset Management App Group offers a seamless and intuitive interface, making asset tracking a breeze. With customisable asset categories and status tracking, you’re always in control.

The FinanSys Apps platform gives you extensive features for limitless use cases. These features enable you to automate EAM Budgeting and Planning processes and replace your EAM Software.

Not only can FinanSys Apps replace your EAM Software, but it can also replace all other 3rd party software. Reducing your need to manage multiple disparate systems and helping reduce your costs. It’s one platform to replace them all.

Key Components of EAM Budgeting and Planning

FSA EAM combines several key components to help track and optimise the lifecycle of your assets. These are:

Asset Depreciation Journal

FSA EAM allows you to automate and streamline the depreciation journal entry process by inputting asset details, depreciation methods, and useful life. Using FinanSys Apps unique accounting automation feature, FSA EAM then automatically calculates and records the journal entries in your accounting system (including the possibility to schedule the period-based automation of the journals or post in one go), reducing manual effort and the risk of errors.

FinanSys Apps can manage deprecation accounting at detailed asset level as well as summarised levels, depending on your requirements.

If you have a unique requirement, it’s highly likely that it’s creatable or configurable in FinanSys Apps, please speak to our team and we’ll be happy to discuss your options.

Asset Report

Equip your team with detailed knowledge about every asset in your organisation. With FSA EAM’s Asset Details Report, you get:

These reports are not just informative – they’re actionable. They empower you to make strategic decisions about maintenance, disposal, and so much more.

Asset Depreciation Report

Enhance asset life cycle and plan for the future with the FSA Asset Depreciation Report. You can track depreciation, obtain historical and new calculations effortlessly. 

The FSA Asset Depreciation Report provides information that supports accounting and budgetary planning for future purchases. It makes it easier to obtain historical and new depreciation calculations and specifies each asset’s unique identification number, description, and barcode number, including the depreciation method used, such as straight-line depreciation and double-declining depreciation.

Additionally, it provides the book value of each asset at the end of the reporting period.

You can maintain multiple depreciation schedules for an asset, which can help if you need to report differently for GAAP or tax purposes.

Depreciation Projection Report

Get a clear, month-by-month breakdown of projected depreciation expenses for each asset over the future period of asset useful life.

What-If Depreciation Analysis Report

Explore various scenarios based on depreciation methods, useful life, total cost, and residual value before making any commitments. Gain confidence in your decisions by simulating different outcomes.

All-Asset Depreciation Report

The All-Asset Depreciation Report gives you a wealth of information about your organisation’s assets. This report delivers the following:

Asset Monitoring

FSA EAM enables you to plan, collect and analyse information from various stages of the asset’s lifecycle, to help you evaluate and inform operational improvement.

With our Asset Monitoring Apps, you can input, update, or delete the visual condition and the criticality of each asset to monitor the historical condition of the asset itself. It gives a clear and factual indication of an assets condition from a visual perspective.

Asset Register

Using the no-code drag and drop form builder you can easily choose from several fields that match your asset types – from text and date fields to barcode and dropdowns.

You can add as much information as needed to ensure accuracy within the register.

The information collected in the register can be displayed in dashboards to give you a single source of truth, so you have real-time visibility into the health and status of your assets.

Moreover, the historical data displayed in these dashboards allows you to identify trends and patterns over time. By analyzing this data, you can make proactive decisions to prevent asset failures, optimise maintenance schedules, and allocate resources efficiently.

Using the powerful middleware and integration feature, FSA EAM can be linked to asset tracking devices which will enable the system to automatically update your asset information. For example, asset location, without the need for manual data entry.

FSA EAM gives you cloud accessibility to your asset register. You can access it anywhere, anytime from any device. Role-based security and permissions approved by a Big Four audit ensure robust user management.

FSA EAM Integration

FSA EAM comes with powerful middleware and integration to enable you to integrate with the other systems you use to manage your business. You can push, pull and convert data from any system, giving you a single source of truth in one platform. You choose the single source of truth for data – FinanSys Apps or any other external system and leave FSA EAM to do the rest.

The FinanSys Apps Data Connector allows you to collect real-time data from your existing IoT sensor modules. Alternatively, we have a partnership with an IoT (Internet of Things) sensor module manufacturer, and we can bundle sensors into your EAM project for you.

FSA EAM Attributes

Customisation Capabilities: With FSA EAM, you have the power to customise fields and columns effortlessly. The intuitive drag-and-drop feature allows you to tailor the system to your organisation’s specific needs, with no limitation on field types, ensuring that you capture and analyse the data that matters most to you

Dynamic Dashboard & Reporting: Harness the power of next-gen Business Intelligence (BI) with FSA EAM. Our system allows you to customise dashboards and reports, transforming complex data into clear, actionable insights. You can make informed decisions and drive your organisation forward with ease.

User-Friendly Interface: Technology should be accessible to everyone. FSA EAM boasts a clean, user-friendly interface that is both intuitive and easy to navigate. You don’t need to be an IT expert to utilise the system effectively; it’s designed for users of all levels. To ensure successful user adoption we provide two weekly free training sessions for all our customers

Simplicity with Power: FSA EAM’s strength lies in its simplicity. It may be straightforward to use, but it packs a punch when it comes to fulfilling your company’s asset management needs. FSA EAM addresses an extensive list of EAM use cases.

Other FSA EAM Use Cases

If you have a unique requirement or use case that’s not listed on this page, it’s highly likely that it’s creatable or configurable in FinanSys Apps, please speak to our team and we’ll be happy to discuss your options

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