FIXED ASSETS MANAGEMENT TRAXX

TRAXX is a comprehensive Fixed Assets Management Solution. We are implementing fixed asset management solutions since 1999. TRAXX is the evolution of over ten thousand man hours of development with feedbacks from some of the best fixed asset managers serving with our esteemed customers like GE, TESCO, HONEYWELL and MERCEDES BENZ

WHY TRAXX ?

Tracking fixed assets is an important concern of every company, regardless of size. Fixed assets are defined as any ‘permanent’ object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may utilize a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.

Traxx has functions suggested by some of the best fixed asset managers serving for companies like Bank of America, Honeywell, KPMG, E&Y, GE and ANZ. Tracking over a million assets, it is the highly perfected Fixed Asset Management Solution available.

ASSET TRACKING

Provides complete Fixed Asset & Inventory Tracking solution that enables users to conduct comprehensive, cost-effective physical audits. Barcode labels, attached to fixed assets and inventory items, and handheld scanning devices are required to conduct the physical audit.

AUDIT (FAIR)

A comprehensive approach that cleanses and fortifies your fixed asset register to establish a stronger foundation for effective fixed asset management. In addition, fixed asset inventory and reconciliation services provide the necessary data visibility to avoid the risk of non-compliance with financial, tax and regulatory issues.

RFID & BARCODE

We brand your asset with Unique Asset Id (UAID) by means of barcode or RFID tags. These tags can be in compliance with requirements of various authorities like SOX. We brand the workstations and cubicles, conference rooms etc. and locations as well,so that locating and grouping of assets based on location is possible.

ASSET INVENTORY

Aa leader in IT Asset Inventory services, RCS delivers baseline inventory projects with superior quality, in a concise timeframe, and with minimal disruption to your operations environment. Our team of Asset Executives have expereince in different business domains like IT, Manufacturing and Hospitality.

ASSET TRACKING PROCESS

Procurement

Web based procurument system

Our Procurement Module manages end-to-end procurement cycle. It consists of the following Sub Modules:
E-Requisition
Approval Management
Workflow Vendor Management
RFQs and Quotes
Purchase Order/Work Order

Tracking

Inter Unit & Intra Unit movements

Our Tracking module provides complete Fixed Asset & Inventory Tracking solution that enables users to conduct comprehensive, cost-effective physical audits. Barcode labels, attached to fixed assets and inventory items, and handheld scanning devices are required to conduct the physical audit.

Depreciation

Written-down and straight line methods

Depreciation module allows user to configure all the parameters pertaining to fixed asset management as per IFRS, GAAP as well as user defined GAAP. Once configured, it simplifies the process of calculating depreciation for all fixed assets, with a single click of a button. With the help of flexible filtering of parameters, the user can pull out any combination of report on demand. Now you can forget about spending nights doing reconciliation of several spread sheets with fixed asset details, during the annual return filing.

Space Management

Visual representation work-spaces

You don’t have to be a CAD operator or programmer to operate this module. Likewise, you don’t need to have any special staff on board to manage data. The well-designed interface enables even the most casual PC user to modify color-coded plans, add or modify space and lease-related data, create a stacking diagram or even re-demise space and produce a professional lease exhibit of a floor plan with fixed assets. For example, to find out information about a particular space, you simply point to it and select the type of information you wish to view from a menu of “data sets” displayed on the screen.

Compliance

Regulatory Compliances

Every logistics stakeholder in a bonded warehouse agrees that STP/CT3/SEZ compliance is the most demanding, cumbersome and time consuming activity, as it is liable to statutory audits from STPI,Customs or Central Excise departments. In an event of breach of the compliance, the organisation has to bear hefty penalties Everyone knows adhering to these compliances cannot be avoided, but not many know that these activities can be automated to bring peace of mind. Our STP/CT3/SEZ module helps organisation adhere to the compliances with minimal effort, as all the compliance related annexure and reports for fixed asset are auto generated from the application itself.

Maintenance Management

Asset health management

Scheduling jobs, assigning personnel, reserving materials, recording costs, and tracking relevant information such as the cause of the problem (if any), downtime involved (if any), and recommendations for future action. Typically, the CMMS schedules preventive maintenance automatically based on maintenance plans and/or meter readings. Different software packages use different techniques for reporting when a job should be performed. TRAXX optimisises usage of your fixed asset.

SERVICES

Asset Audit (FAIR)

Our flagship Fixed Asset Inventory and Reconciliation service is a comprehensive approach that cleanses and fortifies your fixed asset register to establish a stronger foundation for effective fixed asset management. In addition, fixed asset inventory and reconciliation services provide the necessary data visibility to avoid the risk of non-compliance with financial, tax and regulatory issues.

Asset Verification and Tagging

We physically verify and brand your asset with Unique Asset Id (UAID) by means of barcode or RFID tags. These tags can be in compliance with requirements of various authorities like STPI or SEZ. We tag the locations like workstations, cubicles and conference rooms. This enables locating and grouping of assets based on location hierarchy.

Enterprise Asset Management

RCS provides superior baseline asset inventory & tagging services to organizations across all industries as the first step to implement Enterprise Asset Management. The asset inventory data becomes the foundation for efforts to limit capital spending, optimally utilize capital assets, mitigate maintenance & repair expense, and control a variety of other operational aspects of physical assets.

Asset Inventory

A leader in IT Asset Inventory services, RCS delivers baseline inventory projects with superior quality, in a concise timeframe, and with minimal disruption to your operations environment. The baseline inventory data delivered is highly accurate and complete. In addition, unique asset tag numbers (e.g. barcode, RFID, etc.) are affixed to each asset and correlated to the asset records to further enhance the effectiveness of managing assets. RCS’s highly developed processes and understanding of the political and workplace issues leads to unparalleled customer satisfaction.

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