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.
Our invoice processing time has been cut considerably and we now have an asset register that we have confidence in.
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.
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.
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.
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.
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.
Everything is in a different module and the complete package can get pricey.
I keep an external record of logged info because the program takes to long to run a search.
It's quick and you can manage and keep equipment organized
Searching for entries is a pain and often has to be exported because findings are too large.
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.
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.
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.
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.
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
Would prefer more filter options on running the standard reports. Maybe the option to select what fields are displayed on the standard reports.
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?
Pricing information is available on inquiry.
Below are some frequently asked questions for FMIS Asset Management.
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.
FMIS Asset Management offers the following features:
FMIS Asset Management has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit
FMIS Asset Management supports the following languages:
FMIS Asset Management has the following pricing plans:
One Time License, Subscription
We do not have any information about what devices FMIS Asset Management supports
We do not have any information about what integrations FMIS Asset Management has
FMIS Asset Management offers the following support options:
Online Support, Phone Support