Enterprise resource planning software developer Syspro has enhanced its flagship ERP system by adding new functionality to its Fixed Assets module.
Apart from automating depreciation calculations and keeping track of assets purchased and sold, the module includes a capital expenditure sub-system that facilitates planning and budgeting for new assets in the current financial year as well as future financial years.
An approval process also allows for capex items to be managed and controlled by status with the approved capex guidelines. On receipt of these items, a new asset is created in a suspended status and the appropriate user is notified to validate the information.
In addition, a variety of depreciation methods, basis and date conventions are now available, along with a streamlined facility to process depreciation adjustments.
“The additions made to Syspro ERP financials are exemplary of the ways in which Syspro continually enhances the functionality of the company’s ERP software offering,” said company president Joey Benadretti. “The needs of manufacturing and distribution entities are continually changing with the enactment of new legislation and the emergence of new competitive business pressures.”
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