What is FMIS Fixed Asset Management?
FMIS provides a full range of fixed asset management solutions to handle every aspect of your business requirements. Fixed Assets will make month-end processing, reporting and forecasting quicker and simpler.
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FMIS Fixed Asset Management Users
Business
- Freelancers
- StartUps
- SMEs
- Agencies
- Enterprises
Available Support
- Phone
- Live Support
- Training
- Tickets
Specifications
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Deployment:
Any
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Payment:
Monthly, SAAS
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Desktop Platforms
Mobile Platforms
Language Support
- English
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Company Details
FMIS Ltd.
Uk
FMIS Ltd 167b John Wilson Business Park Whitstable, Kent CT5 3RA United Kingdom
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Overall Reviews
FMIS Fixed Asset Management Pros and Cons
Pros
"Powerful and flexible fixed asset management solution: FMIS Fixed Asset Management offers a comprehensive set of features to help businesses track, manage, and depreciate their assets. The system is compliant with multiple standards, including IFRS, SORP, IAS, Sarbanes-Oxley, and UK/US GAAP.Easy to use: The FMIS Fixed Asset Management system is easy to use and can be customized to meet the specific needs of each organization. The user interface is intuitive and the system is well-documented.Compliant with multiple accounting standards: FMIS Fixed Asset Management is compliant with multiple accounting standards, including IFRS, SORP, IAS, Sarbanes-Oxley, and UK/US GAAP. This ensures that businesses can use the system to generate accurate and compliant financial reports.Barcoding support: FMIS Fixed Asset Management supports barcodes, which can be used to track assets and simplify asset management processes. This can help to improve the accuracy and efficiency of asset management.Purchase to pay functionality: FMIS Fixed Asset Management includes purchase to pay functionality, which can help to improve purchasing control and visibility. This can help to reduce costs and improve the efficiency of the procurement process."
Cons
"User interface: The user interface of FMIS Fixed Asset Management could be improved to make it more user-friendly. The current interface can be a bit clunky and difficult to navigate, especially for users who are not familiar with the system.Advanced features: FMIS Fixed Asset Management lacks some advanced features, such as asset condition monitoring. This could be a problem for businesses that need to track the condition of their assets in order to ensure their continued safety and functionality.Reporting: The reporting capabilities of FMIS Fixed Asset Management could be improved. The current reports are not very customizable and can be difficult to use. This could be a problem for businesses that need to generate specific reports in order to track their assets and comply with regulations."
FMIS Fixed Asset Management Reviews (1)
Jaswanth D.
Devoloper
Used the software for : Less than 6 months (Weekly)
Company Size :1-10 employees
Verified By :
Depreciation calculation: Calculate depreciation for assets using a variety of methods, including straight-line, declining balance, and sum-of-years' digits.
FMIS Fixed Asset Management is a powerful and flexible fixed asset management solution that businesses of all sizes can use. The system is easy to use and can be customized to meet the specific needs of each organization.
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What do you like best about FMIS Fixed Asset Management?
Powerful and flexible fixed asset management solution: FMIS Fixed Asset Management offers a comprehensive set of features to help businesses track, manage, and depreciate their assets. The system is compliant with multiple standards, including IFRS, SORP, IAS, Sarbanes-Oxley, and UK/US GAAP.Easy to use: The FMIS Fixed Asset Management system is easy to use and can be customized to meet the specific needs of each organization. The user interface is intuitive and the system is well-documented.Compliant with multiple accounting standards: FMIS Fixed Asset Management is compliant with multiple accounting standards, including IFRS, SORP, IAS, Sarbanes-Oxley, and UK/US GAAP. This ensures that businesses can use the system to generate accurate and compliant financial reports.Barcoding support: FMIS Fixed Asset Management supports barcodes, which can be used to track assets and simplify asset management processes. This can help to improve the accuracy and efficiency of asset management.Purchase to pay functionality: FMIS Fixed Asset Management includes purchase to pay functionality, which can help to improve purchasing control and visibility. This can help to reduce costs and improve the efficiency of the procurement process.
What do you dislike about FMIS Fixed Asset Management?
User interface: The user interface of FMIS Fixed Asset Management could be improved to make it more user-friendly. The current interface can be a bit clunky and difficult to navigate, especially for users who are not familiar with the system.Advanced features: FMIS Fixed Asset Management lacks some advanced features, such as asset condition monitoring. This could be a problem for businesses that need to track the condition of their assets in order to ensure their continued safety and functionality.Reporting: The reporting capabilities of FMIS Fixed Asset Management could be improved. The current reports are not very customizable and can be difficult to use. This could be a problem for businesses that need to generate specific reports in order to track their assets and comply with regulations.
What features is FMIS Fixed Asset Management currently missing?
Asset condition monitoring: This feature would allow businesses to track the condition of their assets and ensure their continued safety and functionality. Risk management: This feature would allow businesses to identify and mitigate risks associated with their assets. Compliance reporting: This feature would allow businesses to generate reports that demonstrate compliance with regulations. Integration with other systems: This feature would allow businesses to integrate FMIS Fixed Asset Management with other systems, such as their ERP system or their CRM system.
What other products like FMIS Fixed Asset Management have you used or evaluated?
Asset Panda: Asset Panda is a cloud-based fixed asset management solution that is easy to use and affordable. The system includes a number of features, such as asset tracking, depreciation calculation, and barcode support.
Thanks for the review Jaswanth. Yes, the FMIS system can handle all common depreciation methods and most unusual ones as well!
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