FMIS Asset Management

FMIS Asset Management

Fixed asset and enterprise asset management solution

4/5 (18 reviews)

FMIS Asset Management Overview

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.

Pricing

Starting from
£3 500,00
Pricing options
Free Trial
One Time License
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Asia, Canada, Europe, Middle-East and Africa, United Kingdom, United States

Supported Languages

English

FMIS Asset Management Reviews

Overall rating
4/5
100% positive reviews
6
Excellent
12
Very good
0
Average
0
Poor
0
Terrible
Elaine F.

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

Used Daily for 2+ years
Reviewed on 2018/04/05
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Kenatu B.

Asset Management on Steroids

Used Weekly for 2+ years
Reviewed on 2018/03/15
Review Source: SoftwareAdvice

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Verified Reviewer

Unrealized possibilities

Used Daily for 1+ year
Reviewed on 2019/01/03
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

7.0/10
Jennifer D.

FMIS - Fixed Asset Register

Used Daily for 6-12 months
Reviewed on 2018/12/19
Review Source: Capterra

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.

Rating breakdown

Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Rachel C.

Excellent summary and detailed, user friendly system, excellent customer support

Used Weekly for 6-12 months
Reviewed on 2018/04/11
Review Source: Capterra

Pros

Very helpful customer service and support (Training, ongoing support and developing bespoke reports), standard and bespoke reports, intuitive to user, easy to add assets and make changes, robust system, flexible coding structure can be tailored by user to organisation's reporting. requirements

Cons

Would prefer more filter options on running the standard reports. Maybe the option to select what fields are displayed on the standard reports.

Response from FMIS

Hi Rachel,
Thank you for taking the time to review the software and I am glad it is working well for you. Customer Service is very important to us, so your feedback there is especially appreciated.
There are a few different options we can look at to enhance the reporting for you. Can I suggest you give the support team a call and we can discuss them?
Best Regards,
John.

Rating breakdown

Value for Money
Ease of Use
Customer Support

FMIS Asset Management Pricing

Starting from
£3 500,00
Pricing options
Free Trial
One Time License
Subscription
Value for money

Pricing information is available on inquiry.

FMIS Asset Management Features

  • Custom Fields
  • Invoice Management

  • API
  • Activity Dashboard
  • Activity Tracking
  • Audit Trail
  • Auditing
  • Automatic Notifications
  • Compliance Management
  • Customizable Reporting
  • Data Import/Export
  • Document Storage
  • Inventory Management
  • Inventory Tracking
  • Monitoring
  • Real Time Data
  • Real Time Reporting
  • Reporting & Statistics
  • Third Party Integration
  • Workflow Management

Additional information for FMIS Asset Management

Key features of FMIS Asset Management

  • Alerts and reminders
  • Asset lifecycle management
  • Asset tracking
  • Barcoding
  • Cost adjustments
  • Customizable workflows
  • Fixed asset accounting
  • Fleet management
  • Forecasting
  • Hierarchical asset structures
  • Inspections
  • Invoice matching
  • Lease accounting
  • Maintenance scheduling
  • Multi-language
  • Multiple depreciation methods
  • Purchase order processing
  • Real-time updates
  • Receipting
  • User-defined accounting periods
  • User-defined customizable fields
  • Work orders

Benefits

  • 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.

  • FMIS Asset Management FAQs

    Below are some frequently asked questions for FMIS Asset Management.

    Q. What type of pricing plans does FMIS Asset Management offer?

    FMIS Asset Management offers the following pricing plans:

    Starting from: £3 500,00

    Pricing model: One Time License, Subscription

    Free Trial: Not Available

    Pricing information is available on inquiry.

    Q. What are the main features of FMIS Asset Management?

    FMIS Asset Management offers the following features:

    • Alerts and reminders
    • Asset lifecycle management
    • Asset tracking
    • Barcoding
    • Cost adjustments
    • Customizable workflows
    • Fixed asset accounting
    • Fleet management
    • Forecasting
    • Hierarchical asset structures
    • Inspections
    • Invoice matching
    • Lease accounting
    • Maintenance scheduling
    • Multi-language
    • Multiple depreciation methods
    • Purchase order processing
    • Real-time updates
    • Receipting
    • User-defined accounting periods
    • User-defined customizable fields
    • Work orders

    Q. Who are the typical users of FMIS Asset Management?

    FMIS Asset Management has the following typical customers:

    Large Enterprises, Mid Size Business, Non Profit

    Q. What languages does FMIS Asset Management support?

    FMIS Asset Management supports the following languages:

    English

    Q. What type of pricing plans does FMIS Asset Management offer?

    FMIS Asset Management has the following pricing plans:

    One Time License, Subscription

    Q. Does FMIS Asset Management support mobile devices?

    We do not have any information about what devices FMIS Asset Management supports

    Q. What other apps does FMIS Asset Management integrate with?

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

    Q. What level of support does FMIS Asset Management offer?

    FMIS Asset Management offers the following support options:

    Online Support, Phone Support