Components of the asset management side of the world of financial technology
In the world of financial technology, a lot of emphasis is placed upon the movement of money and values. The priority is speed, efficiency, and accuracy through languages such as C++ and C#. So it was with interest that I was looking at Assetware, a fixed asset accounting and trading group with a unique proposition in technology.
Fixed Assets (i.e. the ones that can’t be turned into cash easily), are the facets of a business whose future economic benefit and cash benefit and cash generation properties are much more certain than, say, the ‘current asset’ that a bank or cash account would be.
In looking after some big ticket clients, such as Aculab and the National Maritime Museum, Assetware clearly is a brand grown in the roots of trust and reliability. Rather than clouding and obscuring the issues, Assetware Technology provides convenient tracker software that allows clients to add and remove assets / issues, whilst being able to actively monitor the progress of all. Always a believer in technology that empowers the user, I like the way Asset Technology makes accounting straight forward as well as being detailed, even on mobile. (One impressive feature is the wide range of asset information available on a handheld device).
The ‘men in suits’ often strike fear into the heart of many small businesses, but equally the value of audits is well known. Assetware pride themselves on essentially being able to offer a daily audit to groups large and small. A ‘Physical Asset Verification Service’ is a tracking software that allows those stretched with time and resource to complete their own physical asset audit. Instead, Assetware can put together a project team to verify for asset, all the areas of a business. In an age where attention to detail is key in order to make profits, it’s a worthwhile avenue to know about, and indeed, an excellent way to know that you are running a healthy ship.
On that note, Assetware also allows the effective awareness of budgeting capital as you grow and expand. Having worked for a number of smaller entrepreneurial groups, I have seen the value of capital expenditure first hand and Assetware allows managers to get proactive in managing how a group puts its profits to worthwhile use. And, in a rare moment when it comes to a management tool, Assetware actively invites proactivity by the user – suggesting that department heads control the level of detail their information comes in. Again, a neat tool that prompts engaged business thinking.
So, next time you are dazzled by the lights of a Bloomberg app or a Reuters feed, remember to give some thought to the more fixed asset world, and the benefits of a unique and thoughtful fixed asset software.
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