Pi Asset Management
Despite investing in ERPs and other technologies, effective assets management is still an unfinished journey. Organizations are missing lucrative tax deductions, incurring costly IRS penalties and heavy interests are being levied on the companies. Additionally, it can cause financial statements to restate.
With Pi Asset Tracking and Management, now manage all your assets from one centralized tool. There is virtually no limit to the number of assets you can tack, transfer and manage on the go. The tool is scalable, modular in its infrastructure and provides an agile framework to integrate your entire Asset Management lifecycle.
Reporting & Analytics
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Financial reporting of assets and depreciation
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Tax reporting of assets and depreciation
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Warranty, AMC, service and claim details
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Insurance – sum assured, premium due, workflow
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Claim details
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Complete history of assets
Business Challenges
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Procurement, assets under construction, assets transfers & retirement
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Calculation of correct depreciation and GASB statements
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Claims of expense under tax benefits
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Tracking of warranty / insurance / AMC details eg. expiry, value, project, location etc.
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Insurance types, policy, insured sum, premium & premium due dates
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Claim details, submission, status, tracking
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Negotiation details, relevant documents etc.
Designed Keeping Your Requirements In Mind
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Easy to use, scalable and modular solution architecture
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Integrates the entire warranty, insurance and claim modules
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Delivered on SAP HANA platform with reports and analytics
Designed By Industry's Best Process Champions And Thought Leaders
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Integrated with mail, early alert and document management system
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Ready-to-use customizable dashboards and reports
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Compliance with IRS Regulations
Process Flow
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Define/procure/transfer/acquire assets
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Property type and placed-in-service date
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Define depreciation (depreciable basis, estimated life, depreciation method)
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Expensing in tax (IRS 168 and 179)
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Impairment
Process Flow
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Insurance (sum, premium installment, etc.)
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Warranty and service tracking
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Insurance and warranty claim
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Part replacement and warranty of parts tracking, if any
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Retirement of assets and salvage value