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Control the Financial Aspect of Fixed Assets

Record, track, and depreciate your fixed assets with Asset Management, an integral module of Kinetic. With this solution, you’ll get a clear register of all fixed assets used in the organization. Operational equipment and machinery gradually lose value, generating increasing depreciation costs for the company in every financial period—but do you know how much, exactly? Asset Management can help you see the big picture:

  • Use multiple transactions to manage assets properly
  • Select and configure the best depreciation method for each asset
  • Keep your assets always updated, reflecting their real value
  • Automate General Ledger transaction creation in each fiscal period
  • Run reliable financial reports with an accurate EBITDA
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Benefits

Integration with Kinetic

Manufacturing organizations appreciate Fixed Asset Management for its connectivity with other modules in Kinetic, including purchases, maintenance, time and expense management, or General Ledger accounting. All assets and activities are under perfect financial control, saving lots of time for finance experts.

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Transactional Approach

Whatever activities are performed on an asset like the entry, addition, depreciation, posting to General Ledger, or others like impairment, revaluation, serializing, or disposal, Kinetic handles all transactions reliably and quickly—meeting your business needs in an organized, efficient, and transparent way.

Automation

Configure transaction processing and meet the most sophisticated requirements. The customizable asset transactions, the flexible posting engine, and the workflow-based business process management contribute to a more solid control over assets. Integration with 1000+ external online services means you can build the exact results you want.

Capabilities

Epicor Financial Planning and Analysis (FP&A)

Kinetic is equipped with a modern, web- and cloud-based solution for financial reporting, planning, and analysis. Epicor FP&A is compatible with Excel Online and delivers CAPEX reports, ML-supported budget planning, forecasting, what-if scenarios, real-time collaboration between budget holders, and more.
Live Tracking and Comprehensive Reporting

Native, customizable, live application programs and dashboards help you review all the asset details from inception to removal. Customize the screens and charts easily, and drill down to access the data you really need. Built-in reports ensure you can monitor both booked and planned transactions.

Global Business Support

Kinetic provides a global, robust, cloud-based financial management solution designed for manufacturers. Run depreciation confidently in multiple sites, companies, or countries while using the accounting and reporting currencies smartly in the consolidation. Benefit from local languages and country-specific functionality.

Multiple Depreciation Methods

Fixed Asset Management in Kinetic features a series of built-in depreciation methods such as straight-line, declining balance, fixed amount per period, and others. These methods are generally based on time or activity, but you can also create your own formulas to run a custom depreciation.

Acquire Assets Through Accounts Payable (AP)

Registering the purchase of an asset in Kinetic is as easy as just creating a new AP invoice line for the asset. The vendor, the amounts, terms, invoices, and payments are all recorded and linked to the Fixed Asset module, resulting in a shorter lead time experienced by all stakeholders.

Transfer Inventory to Asset

Some manufacturers need to move their inventory items to Fixed Asset Management. Serialized inventory items can be added as additional assets to the asset register, allowing you to generate and book the asset transactions just like you would with any other asset.

Epicor Field Service Management (FSM)

If your business needs service assets sold and delivered to customers, Epicor FSM and the Service Management module can automate the service process. We’ll help you find the best technicians for the right place at the right time, reducing billing turnaround time and improving customer experience.

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