FMIS Asset Management

Fixed asset and enterprise asset management solution

About FMIS Asset Management

FMIS Asset Management is a fixed asset management system, covering fixed asset management, tracking, and depreciation, barcoding, equipment and maintenance management, capital projects, lease accounting, and more. The system is compliant with multiple standards, including IFRS, SORP, IAS, Sarbanes-Oxley, and UK/US GAAP.

FMIS Asset Management enables users to track and audit fixed assets, across multiple companies, countries, and currencies. Multiple books can be set up for group, management, local, state, federal, and tax purposes, and both standard and modifiable depreciation calculation methods can be used, including reducing balance, straight line, double declining balance, AMT (alternative minimum tax), and MACRS (modified accelerated cost recovery system). Full histories of adjustments, revaluations, full and partial transfers and disposals, status changes, and other events are created, allowing users to track all asset events.

Equipment and maintenance can also be managed with FMIS, with users able to track statuses and locations for all inventory and assets, schedule and record all maintenance, whether preventative or on demand, analyze cost of ownership, and more. Data fields can be configured by users based on asset type, and workflows can be customized. Users can schedule preventative maintenance based on dates, meter, or both, and maintenance reminders and work orders are automatically generated. The full asset lifecycle, from creation to replacement, through warranties, maintenance and repairs, loans, assignments, transfers, and audits, can be managed using FMIS Asset Management.

Key benefits of FMIS Asset Management

  • Compliance with SORP, IFRS, Sarbanes-Oxley (SOX), US/UK GAAP, and IAS can all be managed through FMIS.

  • Both modifiable and standard depreciation methods can be used.

  • Equipment can be tracked through its full lifecycle, from purchase, through warranty, maintenance, repairs, assignment, loan, transfer, and return to vendor.

  • Users can manually load leases into the system, or they can be imported in bulk, as can adjustments, updates, or coding changes.

  • Invoices can be entered manually or imported automatically from accounts payable systems.

  • Project managers can divide overall budgets into categories or expenditure levels for each capital project, with subsequent transactions coded to the same structure.

  • Devices

    Business size

    S M L

    Markets

    Canada, United Kingdom, United States

    Supported Languages

    English

    Images

    Users can manage and audit all of their fixed assets using FMIS Asset Management
    Asset locations, costs, categories, and more can be tracked with FMIS Asset Management
    FMIS Asset Management includes customizable data fields, and supports barcode scanning
    Users can create depreciation schedules using a number of different depreciation methods in FMIS Asset Management
    Costs can also be reconciled in FMIS Asset Management
    FMIS Asset Management records asset event histories, including details of adjustments, transfers, disposals, and more
    Users can schedule preventative maintenance for equipment in FMIS Asset Management
    Maintenance work orders can also be created and routed in FMIS Asset Management
    View 9 more
    FMIS Asset Management screenshot: Users can manage and audit all of their fixed assets using FMIS Asset Management FMIS Asset Management screenshot: Asset locations, costs, categories, and more can be tracked with FMIS Asset Management FMIS Asset Management screenshot: FMIS Asset Management includes customizable data fields, and supports barcode scanning FMIS Asset Management screenshot: Users can create depreciation schedules using a number of different depreciation methods in FMIS Asset Management FMIS Asset Management screenshot: Costs can also be reconciled in FMIS Asset Management FMIS Asset Management screenshot: FMIS Asset Management records asset event histories, including details of adjustments, transfers, disposals, and more FMIS Asset Management screenshot: Users can schedule preventative maintenance for equipment in FMIS Asset Management FMIS Asset Management screenshot: Maintenance work orders can also be created and routed in FMIS Asset Management

    Features

    Total features of FMIS Asset Management: 58

    • Alerts/Notifications
    • Amortization Schedule
    • Asset Accounting
    • Asset Management
    • Audit Trail
    • Backorder Management
    • Barcode / Ticket Scanning
    • Barcode Recognition
    • Barcoding/RFID
    • Budgeting/Forecasting
    • Capitalization Reporting
    • Cataloging/Categorization
    • Check-in/Check-out
    • Configurable Workflow
    • Cost Tracking
    • Critical Date Alerts
    • Customizable Fields
    • Depreciation Management
    • Disposal Management
    • Document Management
    • Equipment Tracking
    • Fixed Asset Management
    • For Equipment Leases
    • For Real Estate
    • Forecasting
    • IT Asset Tracking
    • Inspection Management
    • Inventory Control
    • Inventory Management
    • Inventory Optimization
    • Inventory Tracking
    • Invoice Management
    • Item Management
    • Job Management
    • Maintenance Scheduling
    • Multi-Channel Management
    • Order Entry
    • Order Fulfillment
    • Order Management
    • Order Tracking
    • Payment Tracking
    • Projections
    • Purchase Order Management
    • Real-time Updates
    • Recurring Orders
    • Reminders
    • Reorder Management
    • Reporting/Analytics
    • Returns Management
    • SKU/UPC Codes
    • Search/Filter
    • Shipping Management
    • Special Order Management
    • Supplier Management
    • Tax Management
    • Warehouse Management
    • Warranty Tracking
    • Work Order Management

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    Reviews

    Overall rating

    4,3 /5
    (18)
    Value for Money
    4,1/5
    Features
    4,5/5
    Ease of Use
    4,3/5
    Customer Support
    4,5/5

    Already have FMIS Asset Management?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 18
    James V.
    Overall rating
    • Industry: Nonprofit Organization Management
    • Company size: 201-500 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Great product, Superb value for money and excellent customer support

    Reviewed on 2018/12/19

    Pros

    So easy to use, a small piece of software the manages depreciation on our assets superbly. Customer support is very good! cant be beaten on value for money.

    Cons

    A few extra features would help but I believe they are on the roadmap

    Response from FMIS

    Hi James, Thank you for the great feedback. We are always looking for good ideas to add to the product, so please get in touch with us to let us know what you would like to see.

    Elaine F.
    Overall rating
    • Industry: Hospitality
    • Company size: 51-200 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    We use the FMIS software as integral part of our purchasing and asset management

    Reviewed on 2018/04/05

    Our invoice processing time has been cut considerably and we now have an asset register that we...

    Our invoice processing time has been cut considerably and we now have an asset register that we have confidence in.

    Pros

    The order processing and goods receipting is easy to use for the non financial staff. The Fixed Asset management system deals with our extensive assets and the support from FMIS when implementing the software, some bespoke was excellent.

    Cons

    The system does not deal with incorrect stock purchases very well. It is easy for stock buyers to make errors on the purchase orders and goods receipting which if not spotted in time require several steps to correct.

    Response from FMIS

    Hi Elaine,
    Thank you for taking the time to review FMIS. I'm glad the software is saving you time on invoices and goods receipt.
    Correcting stock purchases can be a hassle, but I know the team had a couple of ideas that might help if you would like to call in and have a chat with them.
    Best Regards,
    John.

    Verified Reviewer
    Overall rating
    • Industry: Higher Education
    • Company size: 1 001-5 000 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    Unrealized possibilities

    Reviewed on 2019/01/03

    I keep an external record of logged info because the program takes to long to run a search.

    I keep an external record of logged info because the program takes to long to run a search.

    Pros

    It's quick and you can manage and keep equipment organized

    Cons

    Searching for entries is a pain and often has to be exported because findings are too large.

    Response from FMIS

    Thanks for the feedback. The system is design to run with high volumes of equipment, so the search speed should not be an issue. If you would like to get in touch with us at [email protected], we will be glad to look at this for you.

    Kenatu B.
    Overall rating
    • Industry: Government Administration
    • Company size: 51-200 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Asset Management on Steroids

    Reviewed on 2018/03/15

    I used to use a third party fixed asset module from Normin, since I found this software, my...

    I used to use a third party fixed asset module from Normin, since I found this software, my internal customers have asked where has this been all there lives. This is truly asset management with a lot of extras, or maybe I never knew what fixed asset management was until this software.

    Pros

    Complete tracking of all assets from purchase to disposal and at multiple locations.
    I can break it down to branches and still roll it up as a whole.
    Reporting is fabulous and its graphical
    Easier management of maintenance of equipment (e.g. H VAC, Copy Stations etc) and keep track of ROI and schedules.

    Cons

    Everything is in a different module and the complete package can get pricey.

    Jennifer D.
    Overall rating
    • Industry: Renewables & Environment
    • Company size: 51-200 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    FMIS - Fixed Asset Register

    Reviewed on 2018/12/19

    Pros

    I find it easy to use and most of all - I like the way you can pull reports by different criteria.
    Also the way the depreciation and disposals are calculated - very reliable.

    Cons

    Currently we have to upload the additions by excel. It is quite time consuming but hopefully we will be able to have an interface between our accounts package and FMIS. This should resolve this issue.

    Response from FMIS

    Hi Jennifer, thanks for the great feedback and I'm glad you are getting on well with the system. If you would like to get in contact with the support team, we would be very happy to look at ways we can streamline the uploads.

    Showing 5 reviews of 18 Read all reviews

    FMIS Asset Management FAQs

    Below are some frequently asked questions for FMIS Asset Management.

    FMIS Asset Management offers the following pricing plans:

    • Starting from: £3 500,00/one-time
    • Pricing model: One Time License
    • Free Trial: Not Available

    Pricing information is available on inquiry.

    We do not have any information about FMIS Asset Management features

    FMIS Asset Management has the following typical customers:

    11-50, 51-200, 201-500, 501-1 000, 1 001+

    FMIS Asset Management supports the following languages:

    English

    FMIS Asset Management supports the following devices:

    We do not have any information about what integrations FMIS Asset Management has

    FMIS Asset Management offers the following support options:

    Email/Help Desk, Phone Support, Chat

    Related categories

    See all software categories found for FMIS Asset Management.