Quickly get the data you need with comprehensive Fixed Asset Management Software
MRI’s specialist fixed asset management software helps organisations to meet the latest corporate governance regulations with accurate depreciation, verified asset data and excellent reporting. It enables compliance with the ever changing requirements of IFRS, SORP, UK GAAP, Sarbanes-Oxley and other SOX-type regulations and provides a comprehensive audit trail enabling organisations to meet and surpass audit regulations.
When it comes to fixed asset management, MRI’s software controls, tracks and records each change that occurs during an asset’s lifetime and encompasses depreciation processing and forecasting, capital expenditure control and asset tracking/physical auditing.
Benefits
Simplify year end procedure
Take the headache out of year end and close down fast with accurate data that can be passed directly to your finance system. Be confident in your data.
Reduce insurance premiums
Accurate fixed asset registers result in accurate insurance premiums which are not over inflated. Claims are paid out faster if asset records are verified and up to date.
Accurately report asset depreciation
Automatically calculates for any period or range of periods across multiple books. Costs are retained for past period reporting and automatically generated for current and future periods.
Satisfy all audit requirements
Failing an audit is never an issue for clients using MRI's fixed asset accounting software. Have full peace of mind that your data is accurate with a full audit trail.
Fixed asset software features:
First class support from Sachin and Yana at MRI. I had several technical issues within ram which required their support and guidance to resolve. Good response time from them for all of the requests I sent through to them. I can highly recommend them.
Since we started using the new software, my job has been a whole lot easier! I now do not have to maintain formulae for depreciation or repeatedly check that all asset values have been included in the calculations.
It is important for us to have detailed knowledge of net book values to help with decisions so that the business is run as efficiently as possible. MRI’s solution is allowing us to do just that.
The biggest benefit is the stability and reliability. Suppliers have greater visibility of cloud solutions and they’re addressing problems before we’re even aware of them. With SaaS solutions it’s rolled out seamlessly.
MRI has provided us with an extremely efficient and effective solution that has helped to streamline our reporting and future-proof our organisation for impending changes in compliance processes.
Powerful and comprehensive reporting
With over 50 industry standard reports and a comprehensive range of user-definable templates, MRI’s fixed asset software improves statutory compliance and accelerates year-end reporting. Benefit from 25 levels of analysis for comprehensive enquiries and reporting outputs, get access to a standard balance sheet format report and drill down for instant asset analysis and view reports on screen, in PDF or exported to Excel and other flat file formats.
Depreciation Forecasting & Modelling
Accurate depreciation forecasting models underpin cost-effective and tax-efficient capital budgets. MRI’s depreciation software exploits the fixed asset data to create ‘what if’ scenarios that accurately predict the effect of different capital expenditure and disposal programmes, optimising investment returns (ROIs). It directly mirrors the asset register to remove the need for complex spreadsheets and uses date range and future predictions to create a robust forecast and avoid risky guesswork.
Market Sectors
Commercial
Implemented across 1,000+ commercial organisations in over 70 countries, our suite of fixed asset software helps ensure compliance with IFRS and offers a scalable solution to cater for the needs of SMEs through to large multi-national organisations.
Central Government
Enabling compliance with IFRS requirements, the Government Financial Reporting Manual (FReM) and HM Treasury guidelines for MHCA, our fixed asset management software is used by over 80 Central Government organisations.
NHS
With over 200 NHS Trusts using our solutions, our integrated and proven software incorporates every aspect of fixed asset, lease accounting, capital project and budgetary control.
Local Government
As the UK’s leading provider of capital accounting software to local government, our software enables compliance with IFRS, SORP and CIPFA guidelines and is used by over 80 local authorities, district councils and county councils.
Housing Associations
MRI has gained an in-depth knowledge of the issues and challenges facing this sector and has developed the relevant industry specific functionality to help them meet requirements and stay compliant with SORP/FRS 102 guidelines.
Education
Our fixed asset software enables compliance with all IFRS and audit regulations for the education sector. We also provide schools, academies, colleges and universities with an asset tracking facility which can work with barcodes, NFC and QR Codes.
Charity/Not for Profit
Enabling compliance with the latest FRS 102/SORP regulations, our range of fixed asset solutions is now used by over 180 charity/not for profit organisations.
Real Estate
MRI offers a fixed asset accounting solution for the commercial or residential real estate sectors that can integrate with Property Management X, Horizon, Qube PM or any other real estate platform.
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Learn more about how our fixed asset management software can help you to maintain compliance with the latest accounting guidelines and tax rules.