Plex Systems, Inc., providers of software for the manufacturing enterprise, recently announced availability of automated fixed asset tracking capabilities. The Plex Online integrated ERP system delivered as a Software as a Service (SaaS) solution lets manufacturers easily track the useful life of office equipment, computer equipment, vehicles and machinery. The system gives a thorough overview of a company's fixed assets at every stage, and provides information for planning new investments.
For many manufacturers, tracking and calculating fixed asset depreciation schedules requires supporting and maintaining standalone accounting system or manual journal entries. The new solution aggregates depreciation tracking for ease of monitoring on the balance sheet. It instantly moves fixed asset management data from accounting to the General Ledger for consistency of information and reduced risk of errors caused by manual entry.
"Manufacturers are under tremendous competitive and cost pressures. Now, Plex Online lets these companies see in an instant what costly assets are really worth to improve the processes of procuring, tracking and managing assets. Plus, they no longer need to support a separate asset system and benefit from improved decision making," explained Mark Symonds, CEO, Plex Systems, Inc.
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