ProcurePulse
ProcurePulse EAM
Enterprise Fixed Assets Management
Our Enterprise Asset Management module helps organisations treat their significant physical investments not as simple purchases, but as valuable resources that need to be meticulously tracked, maintained, and accounted for to maximize their financial and operational value. It is a fundamental discipline for the financial health and operational efficiency of any asset-intensive business.
Functions
Effective Enterprise Asset Management involves several interconnected activities:
Asset Tracking and Identification:
Asset Tagging
Physically labelling each asset with a unique barcode, QR code, or RFID tag.
​
Creating a Master Register
Maintaining a central database (often a Fixed Asset Register) that lists all assets, their details (purchase date, cost, serial number, location, custodian), and unique ID.
Lifecycle Management:
Acquisition
Recording the purchase or construction cost, including all costs to put the asset into service (e.g., shipping, installation).
​​​​​
Preventing Theft and Loss
Knowing what you own, where it is, and who is responsible for it drastically reduces loss.
Optimizing Utilization
Understanding if assets are being underused or overused helps in making better decisions about redeploying, selling, or purchasing new assets.
Planning for Replacements
Forecasting when assets will reach the end of their useful life allows for better capital expenditure (CapEx) budgeting.
​
Maintenance
Scheduling and tracking repairs and routine maintenance to ensure assets remain operational, efficient, and safe. This extends their useful life.​
​​
Disposal
Managing the process when an asset is sold, scrapped, or retired. This involves removing it from the books and calculating any gain or loss on the sale.
Financial Accounting and Compliance:
Depreciation
Calculating and recording the asset's loss in value over its useful life for financial reporting and tax purposes. Different methods (straight-line, declining balance) can be used.
​
Revaluation
Periodically assessing if an asset's market value has significantly increased or decreased, requiring an adjustment on the balance sheet.
​
Balance Sheet Accuracy
Fixed assets represent a significant portion of a company's total assets. Proper management ensures their reported value is correct.
Tax Compliance
Correctly calculating depreciation for tax returns (which may differ from book depreciation) is essential to avoid penalties and optimize tax strategy.
​
Audit Preparedness
Maintaining detailed and accurate records makes internal and external financial audits smooth and efficient.
Trusted by Popular Companies
Our Esteemed Customers. Logos are their respective Trademark
Benefits
Financial Accuracy
Ensures the balance sheet is correct, which is critical for investors, lenders, and stakeholders.
Regulatory Compliance
Meets accounting standards (like GAAP or IFRS) and tax laws, avoiding legal penalties and fines.
Informed Decision-Making
Provides data to decide whether to repair, replace, or retire an asset, leading to smarter capital investments.
Cost Savings
Reduces unnecessary purchases, lowers insurance premiums (through accurate valuation), and minimizes tax payments through optimized depreciation.
Operational Efficiency
Reduces downtime through proactive maintenance and helps employees locate assets quickly.
Theft Prevention
Deters theft and aids in recovery by providing proof of ownership and tracking. |
Why Choose RCS?
Dynamic Alert Engine
Our alert engine keeps stakeholders informed and enables efficient management of tasks, including a service scheduler to manage repetitive processes and multiple alerts for different stakeholders.
Procurement
Receive timely notifications for overdue deliverables and prepare service staff in advance for goods delivery.
Tracking
Stay updated on approaching compliance
tasks and audits with configurable alerts.
Service Management
Manage service requirements by configuring alerts for approaching periodic maintenance schedules.
Testimonials
The Traxx asset management system was fully implemented as per our specifications and has been rolled out across our sites, pan-India. There were a number of modifications that were required in the system which were specific to our business, and the Traxx team was able to configure and implement the same to our satisfaction.
Newton Lewis
TV18 Broadcast Ltd
The rcssoft.com solution is perhaps the best in the industry and manages the entire life-cycle of assets from procurement to disposal. Over and above we have workstation management, lease management, and energy management of all our premises. The Branch visit function provided is also brilliant. Would recommend this solution for companies.
Col Navinder Narang
Head Infrastructure Facilities and ESG