“More4Apps Asset Wizard has saved our tax department one day per month. This involved updating asset cost and depreciation methods for 1,100 assets per month across four tax books. Previously this took eight hours and has been reduced to 15 minutes.”
“A current project is reviewing the need for three other tax books which were abandoned because of time taken to maintain.”
Customer of Asset Wizard
Asset Wizard enables you to create and maintain your Oracle Asset transactions from Excel. Use Excel to download your Asset Information as the basis for new additions, to make changes or simply for analysis.
Asset Wizard enables you to manage the following types of transactions:
- Additions – Create one, hundreds or even thousands of assets in your corporate books
- Tax Additions – Download existing assets and add them to your tax books
- Adjustments – Download existing assets and modify information
- Capitalize CIP – Capitalize your ‘Construction in Process’ assets
- Depreciation – Adjust the depreciation expense
- Reclassifications – Reclassify assets on to new categories
- Retirements – Retire assets using cost retirements or partial unit retirements
- Reinstatements – Reinstate retirements or pending retirements
- Revaluations – Revalue a single asset, many assets or an entire book
- Transfers – Transfer assets between locations, assignments and employees
- Mass Additions – Prepare existing mass additions including Split and Merge functionality – Just added!
- Periodic Production – Interface production information for Unit of Production Assets – Just added!