Key features & benefits
- Boost efficiency by consolidating calculations with a single enterprise asset register
- Update valuations easily from an integrated unit rates table
- Mitigate corporate risk with a high-level audit trail and out-of-the-box compliant reporting formats
- Simplify asset capitalisation processes with a single solution that integrates your asset register with your general ledger
An integrated approach to asset valuations
Work from a single view of assetsStore and analyse asset history in a single enterprise register for all valuations, financial reporting and predictive modelling. Gain greater consistency in the use of valuations with a unit rate code applied to every asset. Improve your ability to analyse asset data with flexible, independent categories for financial reporting, optimisation and asset management.
Update asset valuations easilyKeep your asset valuations up to date with an integrated unit rates table with both greenfield and modern equivalent renewal rates for all assets. The table also includes replacement cost, optimum useful life and service useful life.
Provide comprehensive revaluation reportsGain full visibility of asset valuation history including the unit cost and asset life of each asset and category. Calculate the value and remaining life of your assets using proven degradation models. These calculations are transparent, making it easy to provide comprehensive revaluation reports to auditors as required.
Enhance governance and complianceImprove visibility and governance with a high-level financial audit trail of the asset register. Out-of-the-box reporting formats ensure your financial reporting is compliant with Australian accounting standards, including AASB 13 Fair Value Measurement, AASB 116 Property Plant and Equipment, AASB 5 Assets Held for Sale and AASB 136 Impairment.
Simplify asset capitalisation processesStreamline asset capitalisation processes with a single solution that integrates your asset register with your general ledger. This allows capitalisation to start when capital works programs commence. Depreciation calculations are based on valuation data directly from the asset register and using Australian Infrastructure Financial Management Guidelines.
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