Raise Ticket
Raise Ticket

Base Plan

Automation of asset inventory and reconciliation is the first crucial step in digital transformation of asset lifecycle management. Using conventional inventory methods leads to inaccurate results, tedious reconciliation and lack of audit trail besides consuming more time, money and efforts. At EcommFAT we digitally transform your asset inventory and reconciliation function QR Technology.

Features

Do Asset Inventory and More

Timely asset inventory including capturing various attributes of Assets with provision to add asset image and to hold scan copies of purchase documents

Do Asset Tagging and More

Generate and Affix Quick Response Code [QR-Code] based Tags at the time of on boarding of assets using EcommFAT application

Do Allocation and More

Allocate the Assets to the Users

Do Capitalization and More

Take Control of assets which are leased assets, Free of Cost Asset, Capitalized

Depreciation and More

Compute depreciation in either of methods stated under Schedule II of companies act 2013 and depreciation as per income tax act

Do Photo and More

Identify and update records pertaining to Asset and its Physical Condition, photo and more.

Benefits

  • Eliminate Human Intervention on every stage of Assets Management, thus provide accurate information on the assets held by the company
  • Eliminate multiplicity of data creation at various departments and have one asset TAG across all departments, thus save time and effort in reconciliation
  • Having one centralized record helps company in elimination errors in reporting for various needs such as "Financial Statement", Insurance Premium, Local Taxes, etc.,
  • Through digitized data, ensure fair audit trails of asset and complete the physical verification of assets on regular basis to have proper internal control.
  • know about assets under utilized or not utilized, there by avoid assets over bought and increase the asset usage by appropriate decisions leading to Increased ROI on the assets
  • Be a compliant company as per the various statutory regulations as may be applicable to your company, CARO, Income Tax, STPI, GST etc.,