Ask most people about the developments in the software markets for fixed asset management, and the responses will fall into two areas - the move toward a Web-based application service provider model in fixed assets, and the opportunities for compliance in the areas of FIN 48 and Sarbanes-Oxley.But more interesting in the long run may be the impact of convergence. For too long, fixed asset management systems have focused on the accounting side, leaving to chance or to manual spreadsheets the tasks of locating, identifying, marking and recording the assets themselves. With advances in new hardware and asset inventory technologies over the past two decades, the race for dominance in this class of software may depend less on the mad dash to go online than on a race to see which software can best merge the elements of asset inventory, construction-in-process accounting and asset accounting into a cohesive and coherent application.
In 2007, this is still just a goal.
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