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Utility Businesses and Asset Management

Source: Quocirca Ltd
Utilities have always held information about their assets, but traditionally this has been held in different parts of the business and not integrated into single coherent systems. Good asset management is increasingly about being able to feed information from business processes across the company into an asset management system, and using information from that system for financial and operational improvement.


Featured publications:

The Cost of Spreadsheets in Fixed Asset Management
Source: Sage Spreadsheets have become one of the most prevalent software applications used in businesses today, for everything from simple calculations to impromptu databases for tracking a wide range of information, including employee hours, expense reports, and fixed assets. And while spreadsheets are inherently useful in business, they are constantly being used for tasks in which they are ill-suited. Many companies use spreadsheets for financial tracking and reporting, but the negative aspects of using spreadsheets for tracking and depreciating fixed assets are substantial. This white paper describes fourteen ways that spreadsheets can fall short, and gives recommendations for implementing a dedicated asset inventory and asset accounting solution. Read More...
The Advantages of a Dedicated Fixed Asset Management System
Source: Sage When businesses implement an ERP system, they have to decide whether to manage fixed assets using an add-on module from the ERP vendor or a dedicated fixed asset management solution. The key differentiating factors can be functionality, ease-of-use, cost, and compliance issues. If you’re currently searching for a fixed asset management solution, this guide looks at the differences between the two types of assets and explains why a best-of-breed fixed asset management solution may be a more affordable, flexible, and reliable option than an ERP add-on module. Read More...
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