Control Fixed Asset Creation, Transfers, Disposals,
Revaluation and Verification
Control Fixed Asset
Creation, Transfers, Disposals,
Revaluation and Verification
Creation, Transfers, Disposals,
Revaluation and Verification
Capital projects typically include the creation, transfer, disposal, revaluation, and physical verification of existing fixed assets. IQX Asset Management is a suite of SAP Fiori applications that helps control these processes more effectively and efficiently by integrating deeply with SAP standard functionality and by providing a more intuitive user-experience and automated approval workflow.
Enhance the Productivity of your Asset Accounting Team
Integrate your fixed asset movement request forms with SAP functionality to eliminate re-keying of information and improve operational efficiency.
Improve Monitoring and Control over Valuable Assets
Maintain accurate and reliable fixed asset accounting records to mitigate the risk of obsolescence, fraud or theft of valuable assets.
Ensure Compliance with Delegation of Authority Polices for Asset Transactions
Interact directing with centralized SAP data to ensure data integrity and enforce standardized approval workflow.
Fixed Asset Creation Application
The IQX Fixed Asset Creation Fiori application automates the setup of fixed asset master records in SAP, whether individually or in bulk. This application fosters collaboration and integrates an approval workflow to collect vital details, including descriptions, classifications (e.g., asset class), attributes (e.g., identification number), accounting treatment (e.g., useful life for accounting and tax purposes), as well as location and responsibility assignments (e.g., Cost Centre). Moreover, the IQX Fixed Asset Fiori application enables the creation of sub-assets and related equipment.
Fixed Asset Transfer Application
The IQX Asset Transfer Fiori application enables asset transfers to be initiated directly by business users with policy compliance checks automatically being applied and required reviews and approvals obtained before automatically processing the asset reassignment.
Asset Disposal Application
The IQX Asset Disposal Fiori application enables project or departmental managers to initiate the fixed asset disposal process ad-hoc or as a seamless step in an asset replacement project. Fixed assets can either be directly scrapped or sold for revenue, and the IQX Asset Disposal Fiori app handles both scenarios in a similar, consistent, and efficient manner.
Asset Revaluation Application
The IQX Asset Revaluation Fiori application enables fixed assets to be revalued in accordance with accounting policy. Decreases in valuation may occur due to obsolescence or damage. Increases in asset valuation may apply where your accounting policies require asset revaluation to fair market value.
Fixed Asset Verification Application
Directors are responsible for effective stewardship of the organization’s assets and resources. The IQX Fixed Asset Verification Fiori application enables financial controllers and internal audit to initiate physical fixed asset inspection and condition reporting process. Accessible on mobile devices the Fixed Asset Verification App allows for more regular and efficient monitoring of the status of installed assets to validate the integrity of accounting records.
Transform Your Asset Management Accounting Processes with IQX
IQX Asset Management is a suite of SAP UI5 (Fiori) Apps designed to leverage the power of SAP to manage your fixed asset creation, transfer, disposal, revaluation, and verification business processes. It makes it easy for business users to be compliant with accounting policies when capturing transaction details and seeking approval. Book a demo to see for yourself how IQX Asset Management will help you accelerate approvals, improve productivity, and effectively monitor and control fixed asset records and stewardship.
