Fixed Asset Management

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.

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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:

  • Multi-company, multi-currency and multi-lingual if required.

  • Provides complete information on asset status, history and location for audit trail purposes.

  • Standard interfaces are provided to spreadsheet packages and many of the leading Finance/ERP systems.

  • A single input screen is provided for the fast addition and update of assets.

  • Assets can be arranged in hierarchies, identifying parent/child relations and dependencies.

  • Transaction types include full and partial disposals, transfers, enhancements, cost adjustments, relifes, revaluations and splits.

  • Standard and user-definable depreciation methods can be applied by asset, asset group and period of account. Costs are retained for historical periods and automatically calculated for current and future periods as required.

  • The audit file holds a history of all user actions, identifying which records were affected and the before/after detail.

  • Electronic document management for the fast retrieval of associated files.

  • Improve asset acquisition, utilisation and disposal processes with one version of the truth.

  • Avoid oversights by creating automated alerts for key events such as insurance renewal, warranty expiry or replacement date.

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.
John Barrett | North Warwickshire Borough Council
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.
Adam Musson | Assistant Management Accountant @ AB World Foods
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.
Adam Musson | Assistant Management Accountant @ AB World Foods
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.
Philip Jackson | Head of ICT and Data Services @ Advance Housing & Support
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.
Tony Foucher | Group Accountant @ Basildon Borough Council
Fixed Asset Management

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.

Fixed Asset Management

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.

Government

Software solutions designed to meet the complex fixed asset management and asset tracking requirements of all levels of government.

Healthcare

Manage your equipment list with our fixed asset accounting and asset tracking integrated solution. Globally, 200 healthcare clients use our fixed asset solutions as we can offer customers an integrated system that satisfies the requirements of the finance, IT, and facilities departments.

Housing Providers

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 guidelines.

Education

Our fixed asset software enables compliance with all IFRS and audit regulations for the education sector. We also provide schools, 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 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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Fixed Asset Management

Learn more about how our fixed asset management software can help you to maintain compliance with the latest accounting guidelines and tax rules.

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