PowerPlan Review

Overview

What is PowerPlan Fixed Assets Suite?

PowerPlan Fixed Assets Suite is a management platform you can use to track and optimize data related to generated and retired fixed assets. The software is built to enhance the information in any enterprise asset management (EAM) or enterprise resource planning (ERP) system. This integration solution offers tools to automate specialized accounting activities including procedures related to creations, calculations, and approvals that once implemented can assist you to improve cash flow, minimize operating expenses, and remove errors.

PowerPlan Fixed Asset Suite empowers companies of all sizes to effectively oversee asset data. Timely reminders streamline the process, as they alert accounting teams and project managers on project finalization and asset creation.

Benefits

Benefits of PowerPlan Fixed Assets Suite

Integrates with Accounting Tools

PowerPlan Fixed Assets Suite integrates smoothly with your existing accounting application to deliver robust features that simplify procedures for month-end closing. Further, automated asset accounting decreases workflows and assists to reduce labor expenses. You avoid mistakes in key tasks such as depreciation analysis, asset creation, retirement processes, forecasting, calculation of overhead and interest, and others. Comprehensive asset accounting documentation offers a dependable audit trail to back deductions, and a continuing property ledger (CPR) gives support to all kinds of property and location structures.

Saves Time

With this software, you can save time as it automatically computes book depreciation using various methodologies while maintaining balances for IFRS, GAAP, and regulatory jurisidictions.

Minimizes Manual Work

PowerPlan’s Advanced Project Accounting module decreases dependence on manual processes to reduce the time required to implement action strategies, while maintaining data accuracy. This assists to obtain better returns on projects of all sizes and types.

Other Advantages

Integration with the accounts receivable module streamlines data flow from assets to accounting, and bills are integrated from production, tracking, and resolution. The platform effectively facilitates refundable contracts to a third party – from creation and calculation to tracking, reviewing, and reporting.

Reimbursement processing includes setup, tracking, calculation, billing, and reporting of reimbursable work orders or projects. Your firm can get more work accomplished as the system accommodates all kinds of projects and contracts, with individual guidelines for review, calculation, deposits, frequency, and limits. Project managers get alerts when projects end and assets are generated automatically.

Product Features

Pricing

PowerPlan pricing details are not publicly available. Contact the vendor directly to get current pricing information.