AsseTrack FAMS is an online asset management tool tailored for the effective oversight of a company's fixed assets.
It is crucial for each institution to maintain an accurate record of their fixed assets, including details such as value, location, custodian, checkout date, anticipated return date, and current asset status. Additionally, having software that monitors the historical movement of each asset, along with tracking depreciation over time, is essential.
AsseTrack FAMS facilitates the creation of a digital framework for monitoring and documenting all fixed assets, generating both standard and dynamic reports that address statutory, business, and control needs. This leads to enhanced management of widely distributed assets within an organization, ultimately promoting improved accounting practices and better maintenance of the assets.
Moreover, the technology includes tracking capabilities that perform comprehensive physical inventories through an intuitive graphical step-by-step interface, ensuring accuracy and efficiency in asset management.