Asset management is a time-consuming activity often neglected until a company's financial year-end.
Ashley Ellington, managing director of Softline Enterprise, says the launch of Sage Asset Manager will change what was once a mundane and time-consuming task into a simple administrative activity.
"Sage Asset Manager takes asset management beyond the spreadsheet by actively managing assets. It saves time spent cross-referencing and analysing databases by automatically providing relevant and accurate overviews."
Sage Asset Manager's vision is to systemise the forecast of asset costs, anticipate outgoings lying ahead and budget appropriately. It helps organise company-wide asset rationalisation, gives automatic overviews in addition to being customisable and IFRS compliant.
Company-wide asset rationalisation
In line with Softline Enterprise's philosophy of removing barriers within businesses, Sage Asset Manager allows departments to perform their own inventories, while the information is accessible at all times by the finance department. This function, associated with the tracking of the asset location within the organisation, enables rationalisation of assets between departments when applicable.
In addition, automatic lists of unused assets can be regularly issued, to be checked prior to placing orders for new material.
Automatic overviews
Sage Asset Manager automatically identifies obsolete assets, to allow strict monitoring of insurance and maintenance costs, particularly relevant to industries such as transportation or car rental. For accurate and automatic calculation of the ROA according to the chosen depreciation method, it is now possible to link invoices, leasing costs, and contracts to the asset.
By giving a full vision of an asset lifecycle, one can justify revaluation of assets when auditing times come. It also provides support for replacement forecasting and budgeting.
Customisable
Sage Asset Manager is flexible and adaptable; allowing users to customise analysis fields to ensure it is of relevance to a company business model. It can be scaled from a single user to dozens of them according to the company growth.
Compliance with IFRS
The automatic reporting complies with IFRS rules, easing the migration of companies willing to report according to the international standard.
"Sage Asset Manager will obviously not replace the human interface; however, it will save significant time by systemising time-consuming tasks, spreading the data-entry job across departments and providing automatic overviews that make sense to the users needing to make purchase decisions," concludes Ellington.
Sage Asset Manager also includes flexible data transfer from and to Sage Line 500 and Sage 1000 or Microsoft Office applications, search and query tool, bulk processing of flexible list-based assets and WIP costs tracking.
Share
Softline Enterprise is a leading supplier of enterprise resource planning (ERP) solutions, delivering performance and Web capability that is essential for success in today's competitive business environment. Addressing finance, construction, distribution, manufacturing, services, retail requirements, CRM and e-business, the product offering also supports and consolidates activity across expanding business needs. Available on a wide range of operating systems and compatible with a host of industry leading databases, it gives mid-range and larger organisations the reliability and scalability required to keep ahead of competitors.
Softline Enterprise products are supported through a network of accredited partners which bring together the individual product and service components to deliver a complete and tailored solution.
Softline Enterprise products include:
Sage 1000 - a new, single business management software application designed to span operations across mid-sized businesses, integrating front office CRM and back office ERP systems. By sharing information between functional areas, businesses can enjoy greater efficiency, experience fewer errors from re-keying of data, and increase service levels by making it easier to give accurate, timely information from across the business to customers.
Sage Line 500 - offering all the advantages of a traditional ERP solution, Sage Line 500 provides tight financial control with full visibility of costs and powerful reporting tools. In addition, it includes an evaluation of market trends to assist customers to make informed strategic decisions. The product also manages cash flow through close budget control and efficient purchase requisitioning and supports international business with multi-language, multi-currency, multi-company features. It includes vertical solutions such as manufacturing, construction and retail.
Sage SalesLogix - an affordable, fully scaleable and powerful CRM solution that is easily customised for medium-sized and divisions of large corporate businesses. Sage SalesLogix is designed to integrate seamlessly with other business software and back office applications, providing businesses with a holistic view of each customer.
Softline
Softline is a leading provider of accounting, payroll and CRM software solutions to small, medium and large companies. Founded in 1988 by Ivan Epstein, Alan Osrin and Steven Cohen, Softline was established during the formative years of the software industry and listed on the JSE Securities Exchange South Africa in February 1997. Softline expanded to establish a strong position within its area of focus in South Africa and Australia.
Focused on the development of accounting, payroll and CRM software solutions, Softline has a 17-year track record as a market leader. The group has a broad range of products offering users a variety of software solutions to run their businesses efficiently. Softline's leading brands include Softline Accpac, Softline Enterprise, Softline Pastel (Accounting and Payroll) and Softline VIP. The combination of the group's product offerings, provide Softline customers with comprehensive, well-branded accounting, payroll and CRM software solutions.
In November 2003, Softline was acquired by Sage Group plc, a FTSE 100 company. The software group includes market-leading businesses throughout the United Kingdom, Europe, North America, South Africa and Australia, supplying business software to the small, medium and large business community.
Softline has a solid track record of profitability and cash generation. The group delivers quality accounting, payroll and CRM software solutions that improve the efficiencies of businesses around the world.
Sage
The Sage Group plc, an established FTSE 100 company, is a leading supplier of accounting and business management software solutions and services to 5.2 million small and medium clients worldwide. With over 13 000 employees, the Sage Group comprises market-leading businesses throughout Europe, United Kingdom, North America, South Africa and Australia. Its products and services are sold through a global network of 23 000 reseller partners, 40 000 accountants as well as directly to clients from Sage companies throughout the world. For the financial year ending 30 September 2006, the group's revenue grew by 22% to lb935.6 million and the operating profit rose by 18% to lb235.8 million.
Editorial contacts