MGX boosts return on capital with Peregrine AssetCenter 4.0

MGX Holdings, the local distributor for Peregrine Systems, Inc, one of the world`s leading software companies, has announced the immediate local availability of Peregrine`s AssetCenter 4.0.

AssetCenter allows companies to manage costs, improve organisational productivity and mitigate business risk.

"As organisations lean harder on their IT groups to control costs, asset management increases in importance from an accounting function to a core process for overall operations," comments Patrick Dryden, analyst at Meta Group. "Effectively managing a complex portfolio of IT investments demands accurate data and best practices, not guesswork and gut instincts."

AssetCenter 4.0 incorporates enhancements designed to streamline business processes, ensure effective management of expenses and optimise return on invested capital through cost avoidance and reduction. The new version of Peregrine`s lifecycle asset management software offers organisations increased flexibility to remove friction from their business operations.

Dave Cormack, principal consultant, infrastructure management at MGX, says: "In today`s climate, organisations need to return to the business fundamentals of improving profitability and reducing expenses. AssetCenter 4.0 will be a major force in helping organisations achieve those goals by removing costs from inefficient processes and improving asset utilisation."

AssetCenter 4.0 offers technical improvements and functional enhancements. New features and functions were added for greater financial management capabilities, expanded procurement and catalogue capacity and extended network management. In addition, technical improvements available with AssetCenter 4.0 include the ability to customise the asset repository through user-defined tables, tabs, fields, links, and indexes, user customisations and user functional rights.

Using the chargeback and budget capabilities in AssetCenter 4.0, organisations can track and manage all infrastructure-related costs, then compare these costs to forecast budgets, tracked by cost centre. The financial capabilities in AssetCenter 4.0 enable companies to allocate costs to the originating cost centres, thereby associating expenses with cost drivers and allowing managers to make better informed decisions.

The new procurement and catalogue enhancements introduced with AssetCenter 4.0 allow organisations to reduce expenses by ensuring that purchases are adequately processed and authorised. AssetCenter 4.0 identifies when an item can be drawn from stock, rather than bought, and ensures acquisition costs are minimised in all cases.

AssetCenter 4.0 leverages Peregrine`s integration platform and adapters to achieve rapid integration with a broad range of applications and databases. By integrating AsssetCenter with other applications such as ERP systems, organisations can automate and optimise business processes - such as procurement - associated with an asset`s entire lifecycle, manage the total cost of ownership and reconcile the fixed asset ledger.