Fixed Asset Management

Gain visibility into the entire asset lifecycle, from procurement to disposal—track assets from acquisition to deployment, servicing, and obsolescence, ensuring accurate data and control.

Leverage Slingshot's fixed assets management software for your pharmaceutical firm to automate asset configuration tasks. Assign workflows to appropriate technicians, ensuring standardized setup processes based on asset types, such as software installation or computer security settings.

Easily locate and deploy assets across the enterprise using Slingshot's physical asset identification capabilities. Capture essential details and attach documents for each asset, enabling efficient asset tracking and management.

Effortlessly reconfigure assets by exploding them into components, creating asset containers, or splitting/merging financial assets. Manage multiple physical assets as one financial asset, enhancing flexibility and efficiency.

Change asset location, custodian, or owner with a single click, automatically generating necessary general ledger transactions and audit records. Manage asset information within user-defined hierarchies for clear visibility and reporting.

Conduct periodic audits using remote batch scanners to track asset accuracy and perform maintenance tasks. Record service events, attach notes and attachments, and streamline workflows for repairs, disposals, or service purchases.

With fixed assets management capabilities, you can capture comprehensive accounting details, capitalize costs, and associate assets with multiple books for differing depreciation methods and valuable life assumptions. Automate accounting transactions for asset events, such as placing assets in service or retiring them.

Utilize built-in depreciation methods or define custom schedules. Revalue assets based on inflation/deflation, improvements, or impairments, and automatically update accumulated and future depreciation amounts.

Forecast future capital needs based on current asset population, expected lifespans, growth/shrinkage projections, and financing assumptions. Make informed decisions for resource allocation and planning.

Generate configurable reports for inventory records, activity logs, depreciation registers, forecasts, and more using Slingshot's integrated report writer. Monitor key metrics with system-defined or custom Alerts to stay informed about important asset-related events.