Asset management refers to the purchase of assets. Define those assets by the correct class or category to compute their life and depreciation. In some countries, the life and rate of depreciation are dependent on the asset category. At the end of life, the asset can either be scrapped or resold to get the money out of it.
O2berp has A simple and independent App to manage the assets owned by an organization. It helps to capture, organize and analyse Asset related information without much complications. Movements of Assets between different locations are captured separately, which helps to track the entire history of an asset during its life cycle. Instead of removing an asset from the system and erasing its past, the deprecated assets are moved into a virtual location named "Scrap", so that the record and its history will be available in the system for ever.
Some of the features of O2berp Asset Management:
The Asset form captures purchase and warranty related information. During the creation of an asset, current location of the asset will be set, which cannot be changed directly after the creation.
Critical information changes like purchase price, purchase date etc will be logged as notes along with the asset record.
For organizations having multiple branches, the locations can be those branches. Locations can also be physically separated places in the same organization, similar to stock locations.
Locations also keep history of the asset moves happened within each location. The list view of the asset move allows analysis of the moves on the basis of Asset and Location. Asset Scraping is done with the help of a button in the asset form, which automatically moves the asset from its present location to scrap location. Scrap location is a virtual location configured in the system. There can be only one scrap location.
Get our O2berp Asset Management to manage your companies assets.