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WorthIT Fixed Assets

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About WorthIT Fixed Assets

WorthIT Fixed Assets is a fixed asset management software from M.R.S. Company that aids in managing the organization's assets. It provides automated depreciation, add-on modules, and services so users can track and manage the assets effectively. This solution is designed to handle complex depreciation calculations, maintain accurate records, and offer comprehensive reporting features. WorthIT Fixed Assets supports various types of assets, ensuring compliance with accounting standards. Key capabilities: automated depreciation asset tracking custom reporting regulatory compliance add-on modules Best for: organizations that need a comprehensive solution for fixed asset management.

WorthIT Fixed Assets Details

Vendor
M.R.S. Company
Year Launched
1979
Location
75 International Blvd., Etobicoke, ON, M9W 6L9, Canada
Deployment
cloud, on premise, windows
Training Options
documentation, videos, live online, in person
Countries Served
All Countries.
Languages
English, Spanish, French, German, Italian, Portuguese, Dutch, Chinese, Japanese, Russian, Arabic, Korean
Users
Finance departments, Enterprise users managing large fixed-asset bases, Small to medium-sized businesses, Accountants, Asset managers, IT administrators
Industries Served
Banking, Retail, Manufacturing, Finance, Healthcare, Education, Government, Energy, Telecommunications, Logistics, Hospitality, Real Estate, Technology, Utilities, Pharmaceuticals
Tags
Fixed Asset Management, depreciation, IFRS, GAAP, asset lifecycle, capital budgeting, financial reporting, asset tracking, service history.

WorthIT Fixed Assets's In-App Market Place

Does WorthIT Fixed Assets have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

1

Mini Apps

N/A

Pricing Options

Free trial
Free version
Request a quote
Promo Offer

Accepted Payment Currencies

USD ($), EUR (€), GBP (£), CAD (C$), AUD (A$), JPY (¥)

Pros & Cons

  • Automates depreciation calculations, eliminating manual errors and saving significant time for accounting teams.
  • Provides accurate and reliable fixed asset valuations suitable for financial reporting and regulatory compliance.
  • Supports multiple companies and asset profiles, allowing consolidated management across different business units.
  • Enables comprehensive lifecycle tracking, including acquisitions, disposals, upgrades, service history, and location monitoring.
  • Offers real-time reporting with customizable templates and integration with Power BI for advanced data visualization.
  • Some users may find the system complex if not trained properly, limiting effective utilization of advanced features.
  • Certain functionalities may feel restrictive for organizations that do not implement the software fully.
  • Initial learning curve can be steep for staff unfamiliar with asset management software.
  • High dependency on structured data input; inconsistent entries can reduce accuracy in reporting.
  • Desktop deployment limitations may affect scalability for very large or distributed organizations.

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