Asset Management Financial Software
Our Asset Management Financial software lets you upload asset records in bulk, connect them to your General Ledger and Statements of Financial Activities, and manage your full asset registry in a single, organized list. Build reports that fit your needs using filters, saved views, and tailored templates. Review asset costs over time, monitor financial activity, and export summaries that reflect the structure and detail important to your organization.
Features and Benefits
Dashboard and Data Visualizations
Immediate Overview: See a collection of visual summaries as soon as you log in, giving you a practical overview of your asset data.
Report-Linked Visuals: Each chart or graph is tied to a specific report and reflects current information from your records.
Interactive Elements: Hover over visuals with your mouse to reveal more detail and focus on specific data points.
Direct Access to Reports: Click any visualization to open the related report for a more in-depth look at the underlying records.
Quick Data Checks: Use this area as a starting point to quickly assess trends, identify changes, or check on totals without needing to run a full report.
Intelligent Asset Registry
Simplified Asset Management: Enter and maintain information for different asset types such as equipment, vehicles, buildings, roads, land, and utilities, with minimal repetition and fewer manual steps.
Detailed Recordkeeping: Keep track of depreciation details, purchase and disposal dates, and related financial info in one practical location to support accurate reporting.
Full Asset Registry: View your entire asset registry in one location regardless of data structures, hierarchies or data entry styles.
Robust Filters: Refine asset registry views through robust filters, customizable to meet your needs, and save filters and list views for repeated use in the future.
Comprehensive Asset Records: View each individual asset record in one location, with expandable fields for further information.
Document Retention: Save applicable files to each individual asset within the system to allow streamlined record retention.
Asset Financial History and Analysis
Analyze Financial Information Over Years: Analyze how asset costs have evolved over time, incorporating various filters to allow for increased refinement and more thorough interpretations.
Cumulative Financial Analysis: View and report on long-term spending habits regarding specific assets, and how this asset spending correlates to overall organization spending and asset management.
Organization Insights at a Glance: Understand how asset management financially shapes your organization, supporting well-founded choices.
Statement of Financial Asset Summaries and Assessment
Asset Summaries: View aggregated data on asset types, operational years, and keywords, offering a high-level snapshot of asset financial trends.
Asset Status Highlighting: View a compiled list of asset operational statuses for review, fostering informed discussions and strategic planning.
Thorough Keyword Monitoring: Leverage a broad keyword list to capture various aspects of community financial asset management, effectively providing detailed tracking and analysis of your data.
Exportable Data: Effortlessly export asset reports into Excel for further analysis, sharing, or recordkeeping.
Smart Report Creation
Customizable and Time-Saving Templates: Access a variety of pre-designed templates, tailored to specific asset types, minimizing manual effort while producing consistent and accurate finalized reports.
One-Click Simplicity: Easily generate summaries and letters with a single click, pulling data from custom fields to quickly produce complete, ready-to-use documents.
Detailed Output: Receive fully polished reports that include all the required fields from asset acquisition to disposal, ensuring that no vital data is left out. Perfect for both internal use and stakeholder sharing, these reports contain everything entered into the system.
Case Study: Enhancing Organization Financial Asset Management Through Our Solution
Background
As a Saskatchewan-based company specializing in community governance solutions, we recognized the need for a comprehensive software platform to streamline financial asset management processes. After working with existing software packages provided by other providers, and sharing the challenges of using those software packages, Northbound decided to build our own software to provide easy-to-use, yet robust financial asset management to organizations of any size.
Challenge
Organizations often face challenges in managing assets financial information efficiently and effectively. Manual processes and disparate systems can lead to delays, errors, and increased administrative burden. Additionally, asset management can be complex and time-consuming without the right tools in place.
Solution
Our asset management financial software provides a robust solution to address these challenges. With powerful analysis capabilities, intuitive asset financial workflows, and centralized asset management features, our software empowers organizations to streamline their financial asset processes and improve operational efficiency.
Implementation
Internally, we’ve struggled with other asset management financial software for many years, causing our team to build our software into our workflow for assisting organizations with year-end audits, reconciliations to statements of financial activities, and robust analytics and reporting. The transition was smooth, thanks to the user-friendly interface and comprehensive support provided by our team. As we experienced firsthand the benefits of our software, we were confident in its potential to transform asset management financial processes for our clients.
Result
Since implementing our software internally:
Asset data import processing time has decreased by 80%, leading to faster project approvals and consistent reporting. Decreases management administrative time by 20%, by reducing duplication of data entry and increasing sharing between parties.
Asset management has become more efficient, with real-time tracking and exports to external (and often existing) maintenance scheduling reducing downtime and operational costs.
Our team and clients have saved valuable time and resources previously spent on manual data entry and coordination tasks.
Client Rollout
Encouraged by our success, we are excited to offer our software to organizations as a solution to their asset management financial needs. By opening it up for clients to use, we aim to empower organizations across Canada and beyond to streamline their asset management financial processes, save time and money, and drive positive outcomes for their communities.
Conclusion
Our experience using our asset management financial software internally has demonstrated its effectiveness in streamlining asset management processes. We are confident that organizations will benefit from its features and capabilities, and we look forward to partnering with them to achieve their asset management objectives.
If you're interested in learning more about how our software can benefit your organization, please don't hesitate to reach out. We're here to support you every step of the way.