Fixed Asset Tracking

April 21, 2009
A new software solution aggregates depreciation tracking for ease of monitoring on the balance sheet.

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.

Interested in information related to this topic? Subscribe to our Information Technology eNewsletter.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!