![](http://propelsum.com/wp-content/uploads/2021/08/IT-Asset-and-services-management.jpg)
Power up your fixed assets, for better efficiency than ever
Increase your fixed asset visibility, control, efficiency and compliance; with lowered efforts and costs
Introducing Fixed asset management software
Now Streamline, account, track, manage and maintain your fixed assets throughout their life cycle
![Propelsum - Fixed Asset Tracking](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Fixed-Asset-Tracking.webp)
Fixed Asset Tracking
Be aware of the whereabouts of your asset throughout their lifecycle in real-time
- Record and identify unique assets at Parent, Child and component levels.
- Track assets across organization hierarchy, location, department, cost center, users, categories and attributes
- Design, generate and print labels for tagging assets using Barcode and QR code. Use default, internal or custom code.
- Track Goods receipts (GRN), Returnable & Non-returnable transfers, Internal and external movement and more.
- Track asset movement and physical verification using Barcode and QR-Code technologies
- Fully automate tracking of asset movement and physical verification using RFID, Bluetooth, IoT, Wifi and hybrid technologies
Fixed Asset Management
Manage asset procurement, lease, insurance, warranties, transfers, Users etc.
- Manage assets procurement, lease, insurance, warranties, transfers, documents, expiry and retirement
- Define user roles with access control for asset assignment, ownership confirmation and service ticketing
- Manage stores, request and issuance of consumables, minimum stock levels, inventory, maintenance consumption.
- Create workflows to gain visibility and control transactions being carried out at multiple levels of the organization
- Track expiry of asset lease, insurance, warranties, and maintenance. Receive notification and alerts for expiry.
- Record and safe keep all asset related documents like purchase orders, user manuals, warranties, images and more
![Propelsum - Fixed Asset Management](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Fixed-Asset-Management.webp)
![Propelsum - Accounting and Compliance](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Accounting-and-Compliance.webp)
Accounting and Compliance
Simplified asset accounting, Income Tax and Companies Act compliances
- Asset procurement, capitalization, cost breakup, forex adjustment, revaluation, and disposal
- As per Income Tax Act, Companies Act, IND-AS, IFRS, STPI, SEZ, and custom books
- User defined methods, life, shifts and calculate depreciation at Book, Block and Asset level.
- Create and manage multiple CWIP projects. Apportion material, people and other expenses to assets.
- Generate financial statements with purchase price, depreciation method & rate, useful life, impairment etc
- Manage all financial documents like Purchase orders, invoices, warranties, gate pass, challans for transfers and disposals
Physical Verification
Asset inventory simplified through mobile asset verification and auto reconciliation
- User defined physical verification plans, Asset verification at category, user (self-confirmation) and asset level.
- Option to verify assets manually, using barcode & RFID handheld scanners and Android & iOS mobile applications.
- Masking of asset codes, provision to Geo-tag assets and capture asset images at the time of verification
- Auto reconciliation against records. Identification of missing and misplaced assets and provision to update records.
- Maintain asset level physical verification status and trail. Physical verification logs and reports for compliance
- Fully automate tracking of asset movement and physical verification using RFID, Bluetooth, IoT, Wifi and hybrid technologies
![Propelum - Physical Verification](http://propelsum.com/wp-content/uploads/2021/08/Propelum-Physical-Verification.webp)
![Propelsum - Fixed Asset Maintenance](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Fixed-Asset-Maintenance.webp)
Fixed Asset Maintenance
Know the updated conditions of your assets and extend their lifetime with on-time maintenance.
- Computerized maintenance management system to plan, track, measure, and optimize everything to do with asset maintenance.
- Create and manage Annual Maintenance contracts (AMC), Comprehensive Maintenance Contracts (CMC), Warranties and more.
- Manage maintenance activities including breakdown, preventive, scheduled maintenance and calibration
- Create maintenance tickets, work-orders, and tasks. Assign to internal & external maintenance providers, track SLAs and downtime
- Maintain log of response time, maintenance duration, consumables, spare parts, replacements, costs, and other details
- Flexibility to update on-ground asset maintenance activity, receive notifications, close or reassign service tickets
Mobility
Identify, locate, transfer, inventory and be notified about your assets on-the-go
- Identification of assets and display of detailed asset information from anywhere
- Initiate individual or bulk asset transfer using asset management mobile application
- Bar code, QR Code, RFID based tracking, Geo-tagging, Image capture
- Manage service tickets and work orders right from the asset location.
- Be notified of all the important actions & events like workflow, transactions, updates etc.
- Be notified of workflow items pending for your approval and approve transaction on-the-go.
![Propelsum - Mobility](http://propelsum.com/wp-content/uploads/2021/08/Propelsum-Mobility.webp)
Extensive features
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-1.png)
Configurable hierarchy
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-2.png)
Web-based application
![](http://propelsum.com/wp-content/uploads/2021/08/HRM-Feature-3.png)
Alerts & notifications
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-4.png)
Workflows management
![](http://propelsum.com/wp-content/uploads/2021/08/ITAM-Feature-5.png)
Label design & printing
![](http://propelsum.com/wp-content/uploads/2021/08/ITAM-Feature-6.png)
License & SaaS options
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-7.png)
Mobile application
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-8.png)
Floor plan & map views
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-9.png)
Ready integrations
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Feature-10.png)
Highly secure
Do you need a Fixed Asset Management Software?
Yes, if you face any of the following challenges;
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Challenge-1.png)
Difficulty to keep track of assets spread across 10s of locations, 100s of users and information being maintained in multiple systems and silos.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Challenge-2.png)
ERP or Bookkeeping software ‘not-so-helpful’ for physical asset tracking leading to Pilferage, theft, or under-utilization of assets.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Challenge-3.png)
Excessive spending on your fixed asset maintenance due to assets not being maintained to schedule.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Challenge-4.png)
Not having up-to-date information of your fixed assets leading to excess procurement, AMCs and Insurance of assets.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Challenge-5.png)
Assets on-the-ground do not match with those in your books and no easy way of identifying and mapping assets to records.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Challenge-6.png)
Incorrect mapping of capital and revenue expenses and not having accurate FAR for internal and statutory compliances.
How does a Fixed asset management software help?
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-1.png)
Increased efficiency and better utilization of your assets.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-2.png)
Improved asset life span with in-time maintenance and spares.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-3.png)
Complete visibility and simplified audits and report processes.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-4.png)
Reduced errors and efforts in record keeping and manual tracking of assets
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-5.png)
Prevent theft & pilferage, equipment failure, down-time.
![](http://propelsum.com/wp-content/uploads/2021/08/FAMS-Benefit-6.png)
Prevent under-utilization of assets and unnecessary extra costs.