Objective: To manage the dispersed fixed assets in a structured manner and to calculate depreciation.
Industry: Advertising Industry
Challenge: R K Swamy BBDO is a prestigious advertising company with many branches in India. The current method of tracking their fixed assets and calculation of depreciation was by using spreadsheet. The requirement was to manage the fixed assets through software for better management, easier control and quicker depreciation calculation.
Solution: The data from all the locations was obtained in a spreadsheet format. The data was then consolidated and structured to logical groups. The client was more interested in tracking the information of the assets only from a specific period. The client provided the opening value of each asset, which has been depreciated over a period of time. The data was entered into Smart Assets™ asset import template as desired by the client. The fixed assets data was then imported into the Smart Assets™. All mandatory reports were handed over as per the requirement of the client.
Result: The Smart Assets™ software , helps them in accurately mange their assets and offer a better control of their assets.