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Enterprise Fixed Asset
Management Solution
Tracking | Management | Compliance
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Agenda
Fixed Asset Tracking Challenges
Major Causes of Variance
Key Capabilities of FAMS
Introducing Tracet FAMS
Differentiators
Features and Benefits
Competitive Advantages of Tracet
Platform Integration and Solution Advantages
Tracet SaaS – Flexibility Enhancement
Tracet Vision for the Future
Case Studies
About Adaequare
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Fixed Asset Tracking Challenges
CXO
Capital Requirement
and Utilization
Admin
Tedious Physical Verification
Process
Lack of Visibility & Control
Asset Compliance as per Multiple Laws
Flow of Information Between End-Use
Departments & Finance
CXO +
Finance
Underutilization of Assets
High Maintenance Cost of Assets
Finance
Unwanted Procurement of New Assets
Mismatch of Physical Assets and
Records
Pilferage of Assets
Inaccurate/Incomplete information of Old
Assets
Admin +
Finance
All these lead to significant variance in actual and recorded values of Fixed Assets in the system
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Major Causes of Variance
Non-capturing of Disposed, Scrapped,
Let-out and Non-Functioning assets.
Incorrect capitalization of Revenue
expenditure items.
Lack of information flow between the
asset users and the finance teams.
Capitalization of charges and expenses
as independent assets.
Cross departmental utilization and
transfers.
Non-reporting of missing assets by
internal audit teams.
A good FAMS addresses multiple factors that cause these variances to occur
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Key Capabilities of FAMS
Flexibility of asset allocation
across locations, departments
Easy verification of
location, allocation
Ability to accept data from
multiple sources or solutions
Reporting and recording is
independent of tax structure
FAMS
Easy tracking of
ownership
Visibility to owners and auditors
A good FAMS provides simplicity & flexibility in operation while maintaining compliance norms & guidelines
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Introducing Tracet FAMS
Asset
Management
Software
On-Premise
On-Cloud
Software
Fixed Asset Auditing
Mobile
Application
Asset Identification
FAMS
Periodic Services
Periodic Audit Services
Service
Physical Verification
One Time Services
Tracet FAMS offers best in class tracking and asset recording
solutions for growing enterprises
© Copyright 2019 Adaequare. All Rights Reserved
Asset Label Tagging
Mapping of Verified Assets to FAR
Invoice Digitization
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Differentiators
Comprehensive One-stop Solution
Provider – Software, Hardware, Execution
and FAR creation / clean up services
Asset wise Depreciation Calculation and
Fixed Asset Register maintenance to adhere to
multiple compliance requirements
Ready-to-install on-site, on-cloud and
accessible across different handheld
devices.
Track, Comply and Manage fixed assets
across multi-company, multi-location and multibranch structures
Expertise and Experience in providing
solutions across industry verticals
Pioneer SaaS offering in the market
© Copyright 2019 Adaequare. All Rights Reserved
All Inclusive Solution to efficiently manage
capital work in progress, its capitalization and
Amortization etc.
Competitive Pricing with more features and
scalability than existing competition
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Features & Benefits
Responsive
UI
Scalable
Cloud
User Alerts
© Copyright 2019 Adaequare. All Rights Reserved
Document
Management
Secure &
Role based
ERP & Device
Integration
BPM /
workflow
Audit &
Reconciliation
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Competitive Advantages of Tracet
Compliance
made easy
Better Tracking &
Verification
Auditor collaboration
simplified
© Copyright 2019 Adaequare. All Rights Reserved
Improved utilization
of assets
Simplified tracking of asset
transfer and ownership change
Depreciation
compliance
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Platform Integration and Solution Advantages
Physical Monitoring of
assets
Scheduled
Maintenance of High
Net Value Assets
Optimized Productivity
Lower Total Cost of
Ownership
Managed Risk
Faster Time to Value
(Realization)
Tracet provides open-ended platform integration to multiple data input formats, driving excellent value addition
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Tracet SaaS – Flexibility Enhancement
Lower cost to implement,
deploy and upgrade
Accurate tracking of value
realization using IoT solutions
Extending the functionality of
asset performance management
with IoT capability
© Copyright 2019 Adaequare. All Rights Reserved
Better tracking via multiple
device integration
SaaS
Model
Advantages
Open-ended platform accepts
multiple solutions and plug-ins
Easy to deploy across multiple
locations without additional integration
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Tracet: Vision for the Future
Ticketing and Asset Service management
New and Engaging User Interface
Q1- ‘20
Q2- ‘20
Q3- ‘20
Predictive Maintenance Tracking
Q4- ‘20
Q1- ‘21
Asset Utilization Tracking
Asset Productivity Management
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Case Study – Maternity Hospital Chain
Challenges
Manual audit of assets spread
across multiple branches, leading
to discrepancies.
Over dependency on spreads
sheets to capture asset details.
Difficult to track the movement of
assets spread across multiple
locations.
Lack of dedicated system to
capture asset details including
purchase, the rate of depreciation,
assignee, etc.
Unable to maintain critical
information (AMC/CMC) related to
biomedical devices
© Copyright 2019 Adaequare. All Rights Reserved
Solution
Review of existing fixed asset register
(FAR) and compliance with
government policies
Fixed assets as per Invoices, Bills &
challans
Tagging of Physical Assets with QR
Code labels
Android based mobile application to
perform online and offline Audits
Notification module that notifies clients
regarding expiry of Insurance,
Warranties, AMC & CMC etc.
Outcome
15% Deviation detected in fixed
asset register.
25% surge in asset productivity
and savings of INR 7.8 Mn per
annum
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Case Study – Premier Management Institute
Challenges
Coordination between multiple
departments with regards to asset
procurement
Manual audit of assets timeconsuming and confusing
Low reliability of manual audit, lack
of real time reporting on location
and movement
© Copyright 2019 Adaequare. All Rights Reserved
Solution
Tracet streamlined the procurement of fixed
assets and ensuring the coordination
between finance, stores, and procurement
departments.
Generating the asset code and corresponding
barcodes as per logic defined by user
Creation of additional custom fields to capture
complete asset details
Android based mobile application to perform
online and offline Audits
Provision for the user to generate reports
based on location, category, dept, etc.
Integrated tool to calculate the depreciation
and track compliance
Outcome
Better coordination and tracking
of asset procurement between
departments
20% surge in asset productivity
Minimal human intervention in
tracking and compliance audits
on regular basis
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Case Study – Luxury Hotel Chain
Challenges
Solution
Apportioning of loss/profit from
currency fluctuations to foreign
currency loan payment
Custom developed solution for capturing
loss/profit from currency fluctuation at
asset level for each financial year
Capitalization of apportioned loss/
profit from currency fluctuation
Revaluation of specific assets to which
loss/profit from currency fluctuation was
apportioned
Revaluation of specific assets to
which loss/profit from currency
fluctuation was apportioned
Existing FAR was not providing
accurate information related to
assets and was not in line with the
actual assets present within the
hotel
© Copyright 2019 Adaequare. All Rights Reserved
Depreciation of re-valued assets as per
Companies Act 2013
Outcome
Better apportionment of currency
fluctuation to P&L and Loan asset
repayment
Better asset tracking including
location and utilization across
multiple locations
Statutory report generation
streamlined by user preference
– department, location, etc3
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Our Pedigree
Adaequare is a pioneer in cutting edge Data, Product and Tex
Engineering Solutions. Our thrust to be creative is our key to
success in this contemporary world.
Transform the way you operate with
Adaequare
We use Financial transformation, Data Preparation, Digital
Transformation and our other Services to simplify the complexities
of your business.
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Our Clients
© Copyright 2019 Adaequare. All Rights Reserved
This book is for informational purposes only and may not be incorporated into a contract or agreement.
Address:
1st Floor, North East Block,
Display Building, NAC Campus,
Kondapur, Hyderabad 500 084
Hand Phone
Landline
Email
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: +91 88855 18005
: +91 40 6603 3589
: [email protected]
This book is for informational purposes only and may not be incorporated into a contract or agreement.
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