Forte-Man is the process of controlling assets throughout their lifecycle – through daily operation up to final disposal.
It is a business process rather than a technology product, involving asset value and depreciation, leasing, maintenance, service contracts, vendors and warranties, departmental user data and physical asset attributes.
With a powerful system in place, organizations can know all information related to the asset.
For this reason, business units typically utilize Fixed asset solutions.
In the current business scenario, organizations focus is not only top lines, but also many other company related issues, which could affect the bottom lines of the companies.
Worldwide statistics, by major research organizations indicate that fixed Forte-Man is gaining the importance due to it.
While organizations recognize the need for an enterprise-wide system that manages diverse assets, they’re not sure which type of system will best meet their requirements.
Regardless of which functions organizations plan to implement, the first and most fundamental component of any Forte-Man initiative is asset tracking.
The need of Track Fixed Assets
- Effectively manage and leverage assets
- Substantial cost savings
- Snapshots of assets as to its location
- Reuse idle assets
- Historic maintenance data of the assets
- Improved budgeting and planning
- Better negotiations with Service Vendors.
You need to manage your Fixed Assets:
- For effective utilization & tracking
- To avail Depreciation
- For proper Budgeting
- For Appropriate Insurance Cover
- To Track Warranty & Maintenance
- To Handle Disposal and Scrapping effectively
- To Stop Duplicate / Excess Purchase
Traditional Methods:
Manual
Some Companies maintain their Fixed Assets manually in a register. This method is not reliable, since it is more “Person dependent” than “System dependent”.
Tracking through Spread sheets
Most Companies at present use spreadsheets for depreciation & budget planning.
Reasons why Manual System Fails
- It is inflexible.
- It is not suitable for multi-user environment.
- It does not offer Fixed Forte-Man.
- Duplication of effort in creating multiple Templates.
- Low Data security.
- Difficult to maintain data integrity.
- Complexities while collating data.
Manual System fails…. But a reliable computerized System never fails…. But Where to go for a reliable Computerized system???
Hi, all you need to do is ‘Go for DBS- Solution’ to ensure Win-Win for your business |
