Web Based Fixed Asset Management System (FAMS)
Track, Tag & Optimise Every Physical Asset Across All Your Locations
Overview
FAMS is a comprehensive web-based solution designed to track fixed assets' location, movement, and status. The system also calculates depreciation based on various compliance requirements, such as the Company Act and Income Tax Act, using straight-line and written-down value methods.
Key Features
Asset Tracking
Monitor asset location, movement, and status in real-time across all your sites from a single web-based dashboard.
Depreciation Calculation
Calculate depreciation according to various compliance requirements including the Company Act and the Income Tax Act — using straight-line and written-down value methods.
Ghost Asset Identification
Identify and eliminate ghost assets — items on records that don't physically exist — to optimize asset utilization and reduce unnecessary costs.
Purchase Planning
Inform purchasing decisions based on ground reality of actual asset availability, condition, and utilization across locations.
Barcode Integration
Seamlessly integrates with barcode printers for efficient asset labeling and tracking across all asset categories.
Portable Data Capturing
Utilizes portable data capturing units for dynamic location tagging — enabling field teams to update asset data on the go.
Problems It Resolves
- Purchase Planning — informed decisions based on actual ground-level asset availability
- Ghost Asset Identification — eliminates assets recorded in books but not physically present
- Asset Tracking — real-time visibility of location, movement and status of every asset
- Depreciation Calculation — automated and compliant computation as per Company Act and Income Tax Act
Business Benefits
- Improved Asset Utilization — optimize asset usage and reduce waste across the organization
- Accurate Depreciation Calculation — ensure compliance with regulatory requirements
- Enhanced Decision-Making — make informed decisions based on real-time asset data
- Increased Efficiency — streamline asset management processes end to end
Who Is It For?
Long-Term Impact
- Real-time Visibility — monitor asset status and location continuously across all sites
- Data-Driven Decisions — purchasing decisions based on actual asset utilization data
- Reduced Waste — minimized unnecessary purchases and optimized asset usage
- Improved Maintenance — maintenance and repairs scheduled based on actual asset condition
Pricing & Plans
Available as On-premises installation or Cloud-based access priced as per asset quantity.